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EN
The article presents the rights concerning real estates, which are considered in noncontentious proceedings by the court. The author defines non-contentious proceedings, which are a kind of civil proceedings. The scope of non-contentious proceedings involves cases concerning different rights on real estate, for instance: ownership, co-ownership, servitude right of necessity of passage, establishing the necessity of passage, making an entry in the land and mort gage register and in the National Court Register. Besides, there is – in this article – a comparison between non-contentious and contentious proceedings and administrative proceedings. The article describes also the principle of effective judicial protection in non-contentious proceedings. The author proposes amendments in the regulation and in the practice of their application, which are connected with granting more powers to court clerks (referendarz sądowy) and assistants to judges.
EN
The article contains a description of the relationship between the consent of the owner of uninhabited real estate and the public law obligations resulting from the submitted declaration concerning the amount of the fee for municipal waste management. The author negatively assesses the legal solutions that give owners of uninhabited real estates the freedom to choose whether they want to be included in the municipal waste management system. Given the massive scale of performance of the service of waste collection and management, the tightness of the system is important, which is not guaranteed by the regulations adopted by the legislator.
EN
Analysing the real estate market, the authors focused on the modelling of short-term housing market, instead of a long-term residential space market. In this perspective, even a slight change in the factors affecting the real estate market, due to the multiplier effect leads to strong shocks on the demand side, and consequently, to an excessive reaction of the supply side. These shocks, depending on the demand and supply price elasticity, may disappear or explode. The article presents the modelling cycles in the real estate market. The analysis takes into account changes in prices and the number of dwellings on the primary and secondary market. As calculations indicate, in order to smooth the housing cycle the demand for housing should be mitigate, what can be achieved using fiscal policy, prudential regulation and housing policy – the authors suggest.
EN
Based on surveys, the characteristic areas of the holiday real estate market were indicated. A model was presented in which a forecast for the development of the residential market was assumed. The implementation of the objective set in the article contributed to the explanation of the complex phenomenon of holiday properties for sale.
5
71%
EN
Vertical integration is a growth strategy whereby a firm engages in multiple stages of the value chain. Although the benefits of vertical integration are well documented, few studies have examined its relevance in real estate. In response to this lack of research, this paper explores tenant perceptions of property managers’ vertical integration and effectiveness. The results of this international study show the benefits of vertical integration extend to residential real estate, such that renters are more trusting, loyal, committed, and desirable when they perceive their property manager as vertically integrated. This paper also uncovers a concering finding that many tenants are living in unaffordable rental accomodations, requiring further research. This study contributes to a large body of vertical integration literature and extends the empirical examinations to real estate and property management.
EN
Resource military estate is diverse in terms of process of real estate management. This paper analyzes the process of transferring real estate military that have become permanently useless for the Ministry of Defense. As a result of this legal tool is implemented public purpose, which is to protect the financial restructuring activities of the Polish army. This paper shows the legal basis, individual competence of the military authorities and procedures of transferring military real estate outside the Ministry of Defense.
PL
W artykule podjęto problematykę ufinansowienia gospodarki oraz powiązania tego procesu ze wzrostem wartości. Przedstawiona została istota i historia finansjalizacji. Następnie zostały podjęte rozważania nad powiązaniem między ufinansowieniem gospodarki a przyczynami i skutkami kryzysu finansowego, w tym wady i zalety finansjalizacji. Trzecim elementem rozważań była kwestia powiązania operacji finansowych ze sferą realną gospodarki. Następnie zaproponowano rozpatrywanie działalności finansowej generującej dodatkową wartość na dwie sfery: pierwszą, którą można uznać za wynikającą z procesów ewolucji finansów (którą umownie nazwano „financial evolution”), i drugą, którą uznano za skutek „ciemnej strony finansów”, a która wynika z oszustw i nadużyć finansowych (którą umownie nazwano „financial fraud”). Ostatecznie zaproponowano model obiegu pieniądza w gospodarce z uwzględnieniem zjawiska finansjalizacji.
EN
The article discusses the issue of financialization the economy and the connection between this process and the increase of value. The essence and history of finance are presented. Subsequently, consideration was given to the link between the financialization of the economy and the causes and effects of the financial crisis, including the pros and cons of financialization. The third element of the discussion was the connection of financial operations to the real economy. It was proposed to consider financial activity generating additional value in two areas: the first to be considered as a result of evolutionary processes (which was termed “financial evolution”) and the second one which was considered as a result of the “dark side of finance” and which resulted from fraudulent activities (which was termed “financial fraud”). Finally, a model of money circulation in the economy was proposed, taking into account the phenomenon of financialization.
RU
Статья посвящена проблематике финансиализации экономики и увязке этого процесса с ростом стоимости. Представлена суть и история финансиализации. Затем автор анализирует связь между финансиализацией экономики и причинами и последствиями финансового кризиса, в том числе достоинства и недостатки финансиализации. Третьим элементом анализа был вопрос увязки финансовых операций с реальной сферой экономики. Затем автор предложил рассмотреть финансовую деятельность, генерирующую добавленную стоимость, в разбивке на две сферы: первую, которую можно вывести из процессов эволюции финансов (условно названную «financial evolution») и вторую, вытекающую из «темной стороны финансов» и проявляющуюся в форме мошенничества и финансовых афер (условно названную «financial fraud»). В заключение автор предложил модель оборота денег в экономике с учетом явления финансиализации.
EN
The analysis of the cases of dissolution of marital joint property in the District Court for capital city of Warsaw - 8 cases and in the District Court in Żyrardów - 5 cases is conducted in terms of content, layout and faultiness of judgement both procedural and substantive, as well as cost of non - contentious proceedings. The subject of research is number of regulations of civil code of procedure, which is used to achieve final judgement. The author pays attention to the individual character of conducting the non - contentious proceedings by judge and also impact of participants on acceleration or extension of the recognition of the case. The author analyses the evidences, which are admitted and conducted in these proceedings, including expert opinions as appraisers and surveyors. There are also comparative law's remarks to other legal systems as Great Britain, United States of America and Germany.
PL
Analiza spraw o zniesienie wspólności majątkowej małżeńskiej: w Sądzie Rejonowym dla m. st. Warszawy - 8 spraw i w Sądzie Rejonowym w Żyrardowie - 5 spraw. Zostanie przeprowadzona z punktu widzenia treści, układu i wadliwości orzeczeń zarówno procesowych i merytorycznych, a także kosztów postępowania nieprocesowego. Badaniu zostanie poddana ilość przepisów Kodeksu postępowania cywilnego wykorzystywanych do ostatecznego rozstrzygnięcia sprawy. Zwrócona zostanie uwaga na indywidualny charakter prowadzenia postępowania nieprocesowego przez sędziego, a także wpływ uczestników na przyspieszenie lub wydłużenie rozpoznania sprawy. Analizie zostaną też poddane dowody dopuszczane i przeprowadzane w tych postępowaniach, w tym opinie biegłych, czyli rzeczoznawców majątkowych, czy geodetów. W artykule nie zabraknie także uwag prawnoporównawczych do innych systemów prawnych, jak Wielkiej Brytanii, Stanów Zjednoczonych czy Niemiec.
EN
30 April 2016 saw the entering into force of the Act of 14 April 2016 on the Suspension of Sale of Land of the Agricultural Property Stock of the State Treasury and on Amending Numerous Acts . The amendments pertained to, inter alia, the Act of 11 April 2003 on the Formation of the Agricultural System , and introduced a variety of alterations thereto, thus restricting significantly the freedom of trading in agricultural land. This article provides an analysis of conformity of Polish legislation with European Union legislation and also explains the liability of the State Treasury in case of violations of EU law.
EN
The subject of this article is the role of the civic budget as a potential source of financing of real estate. The topic has been presented both in quantitative terms (the structure of proposals that were submitted for voting, average values, and trends) and in qualitative terms (the types of real estate). The aim of this article is to verify the hypothesis that the participatory budget is treated as a potential source of real estate financing (i.e., for projects with limited usability). For this purpose, 1703 projects, submitted to a vote in the years 2014–2017 have been examined.
PL
Przedmiotem artykułu jest rola budżetu obywatelskiego jako potencjalnego źródła finansowania dla segmentu nieruchomości. Temat zaprezentowano zarówno w ujęciu ilościowym (struktura wniosków poddawanych pod głosowanie, przeciętne wartości, trendy) oraz w ujęciu jakościowym (typy nieruchomości). Celem artykułu jest zweryfikowanie hipotezy, iż budżet partycypacyjny jest traktowany jako potencjalne źródło finansowania nieruchomości, czyli projektów o ograniczonej dostępności użytkowej. W tym celu zbadano 1 703 projekty poddane pod głosowanie w latach 2014–2017 w trzech miastach wojewódzkich.
EN
The article refers to the issues linked with defining hybridization of development concept, along with its application to sectoral approach. Its aim is on the one hand an attempt to strictly define the category of hybrid development in a context of inputs, products and effects, and on the other hand an initial verification of the hybridization of development concept within the green economy and real estate sectors. This allows defining and solving the following research problem: how should the hybridization concept be understood and what are the effects of its manifestation in selected green economy and real estate sectors? Conclusions arising from the research indicate that linking quite different inputs, and then creating on their base multifunctional and elastic solutions leads in consequence to hybrid or patchwork changes taking place in sectors and territories. These kinds of processes can suggest appearing of new patterns of development, arising from the mechanism of neoliberal capitalism, territorial legacy and globalisation.
EN
The author assesses that it is a legitimate intention to introduce into the legal system regulations providing for the possibility of an effective reaction of selfgovernment bodies to extreme cases of unjustified differentiation of the legal situation and, consequently, the financial one of individual owners of properties on which the adjacency fee is imposed. However, there are serious doubts as to the purposefulness of proceeding the bill, what results from a parallel legislative process, regarding a governmental bill which also covers the issue of the application of reliefs in connection with the imposition of an adjacency fee. The author points out that the legal means planned by the authors of the amendment are inappropriate with regard to the purpose of the statute, because they are connected to norms applied only in relation to civil law receivables, in a situation where the adjacency fee is strictly of a public law nature.
EN
In the author’s opinion, with regard to the use of reliefs in connection with the imposition of the adjacency fee the bill is insufficiently consistent with constitutional principles, in particular with the constitutional principle of equality before the law. De lege ferenda the provisions of this bill should optimize the implementation of relevant constitutional standards. However, the author points out, that the committee’s bill is consistent with the provisions of the European Union law concerning state aid. It is also emphasized in the article that the provisions of the bill contain many technical and legislative defects, which de lege ferenda should be eliminated.
EN
In the light of applicable regulations former owners of real estates or their legal successors have the right to demand the return of real estates taken over by the State Treasury pursuant to provisions of the Decree of 27 July 1949 or have the right to claim compensation only if, in the course of supervisory control, the voivode states that the decision of the Presidium of the Poviat National Council, on the basis of which the loss of property occurred, is invalid or considers, that the decision was made illegally. In the current legal situation former owners or their legal successors have no legal instruments to enforce any reprivatisation claims they may have: the return of real estate or compensation.
EN
The Polish hotel market has been witnessing a continuous growth in the supply of condo facilities. Thanks to them, areas where investments are located benefit from them (infrastructure development takes place, region attractiveness increases, the city’s budget is augmented by taxes) and also individual entrepreneurs investing in the purchase of premises. The aim of this paper is to identify the values generated by investments in condo hotels in Poland. The analysis covered selected facilities whose profit proposals were compared with the level of interest rates. The practical part, determining the costs and benefits of owning a condo apartment, was preceded by theoretical considerations on investment. The whole issue has been determined within the scope of behavioral economics which has a dominant influence on purchasing decisions. The paper is a result of the analysis of available literature sources, primary data obtained from condo operators and secondary data on investment issues.
PL
Wzrost podaży condo hoteli następuje na polskim rynku hotelarskim od kilku lat. Dzięki przedsięwzięciom condo korzyści odnoszą nie tylko pojedynczy przedsiębiorcy, ale także zyskują obszary, na których zlokalizowane są inwestycje (następuje rozwój infrastruktury towarzyszącej, wzrost atrakcyjności danego regionu, miasto uzyskuje dodatkowe wpływy do budżetu). Celem artykułu jest analiza inwestycji w hotele condo w Polsce. Analizie poddano wybrane hotele, dla których porównano potencjalne zyski z poziomem stóp procentowych. Całość rozważań została osadzona w ramach teoretycznej ekonomii behawioralnej, która ma dominujący wpływ na decyzje zakupowe. Część praktyczną, ustalającą zyski z posiadania apartamentu condo, poprzedziły rozważania teoretyczne na temat inwestycji w nieruchomości. Artykuł jest wynikiem analizy dostępnych źródeł literaturowych, danych pierwotnych uzyskanych na podstawie informacji od operatorów obiektów condo oraz danych wtórnych dotyczących zagadnień inwestycyjnych.
Studia Ełckie
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2011
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vol. 13
321-329
EN
The main purpose of this article is to present the problem of arising the tax obligation on real estate tax in the case of newly-built buildings. In the act on taxes and local fees the Polish legislation indicates two cases, the existence of which conditions the arising of tax obligation on this category of buildings: 1) completion of a construction or 2) beginning the use of a building or its part before the final completion. The two premises mentioned above are equivalent. Accordingly, arising any of them causes the obligation to pay tax from January the 1st of the year following the year in which such a premise arises.
EN
The aim of this paper is to present regulations related to professional liability of a real estate agent, and an indication of the effectiveness of information issues. First of all, economic theory of agency will be used as a tool to characterize the relationship between the parties of a transaction. Next liability will be discussed, i.e. the agency contracts and agent’s professional liability − distinguished from civil and criminal liability. The theory of agency exists as a research tool in the new institutional economics. Its assumptions can be summarized as follows: The agent as a subject is acting on behalf of the principal who, in terms of the indicated target, according to his own preferences and possibilities performs actions leading in his opinion to the desired result by the principal. The relationship may form problems of information asymmetry, because the agent does not have to reveal his knowledge and capabilities, so the principal is not able to affect the method of implementation of an order. The identification of professional liability of a real estate agent comes directly from the set of his contract. Basic regulations defining agency agreements and identifications of professional liability arose during the political changes in Poland. Patterns come from different countries and different legal systems. Polish business practice used them in accordance with its capabilities. The observed patterns of work of agents’ representatives lead to the conclusion that they may lead to strengthening the presence of information asymmetry problems in the form of adverse selection or moral hazard. As a result, they can lower the information efficiency. A real estate agent can provide mediation activity by acting on the basis of multiple sources of contractual provisions. These include a contract of employment, contract work, self-employment or running a company. Regardless of the basis for their relationship with an employing person an additional (and primary) source of responsibility are agency agreements. Two types of contracts (open and with an exclusivity clause) impose different qualitative responsibilities on a agent. Regardless of the form of the activity they are associated with high risks connected with the provision of services on asset markets with high specificity and uniqueness of the transaction. Therefore, from an economic point of view attempts trying to reduce the occupational risk and market risk should be regarded as reasonable.
EN
The author focuses on the analysis of the coownership of the real estate in the legal and economic context as well as on the methods of elimination threats arising from unregulated legal status of the real estate. The author describes the origin of the state of the joint ownership of the real estate and its influence on the value of the real estate. The author analyses the concept of the real estate in the polish legal system and describes the particular methods of the abolition of the co-ownership of the real estate, such as the contractual abolition of the co-ownership, concluding the settlement by the co-owners, the division of the real estate conducted in the court proceedings.
EN
The subject of the assessed constitutional complaint is the problem of the lack of standards specifying the procedure for returning property that has not been finally used for public purposes in the event of deprivation of property rights on the basis of the special road statute. The applicants point out, inter alia, that the diversity of the legal situation of former owners of the expropriated property and owners of property taken over as a result of the decision to authorize road construction works violates the principle of equality before the law and the prohibition of discrimination in political, economic or social life. It was applied that the questioned provision of the Act on Specific Principles for the Preparation and Realisation of Investments Regarding Public Roads, to the extent that it excludes the possibility of an appropriate application of the provisions of the Act on Real Estate Management to real estate taken over under the former of these acts, does not conform to the Constitution.
20
Content available remote

Financing Commercial Property in Poland and the UK

71%
EN
The following work is a comparison of real estate financing methods in Poland and Great Britain. A comparison of the data from both countries shows that the most popular method of real estate financing in both countries is through mortgages. External financing of commercial real estates in Poland is accomplished by: universal and mortgage banks, leasing companies, investment funds-loan, private investors and through the issue of ownership or debt securities. Another method of financing commercial real estate is financing it through the establishment of a special, separate company designed to carry out the project, which is known as "project financing". The availability of a variety of grants, preferential loans and time loans, is the strong point of the Polish system of financing commercial property purchases
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