International Journal of Strategic Property Management (Int J Strat Property Manag)

Publisher: Taylor & Francis

Journal description

International Journal of Strategic Property Management is a peer-reviewed, interdisciplinary journal which publishes original research papers. The journal provides a forum for discussion and debate relating to all areas of strategic property management. Topics include, but are not limited to, the following: asset management, facilities management, property policy, budgeting and financial controls, enhancing residential property value, marketing and leasing, risk management, real estate valuation and investment, innovations in residential management, housing finance, sustainability and housing development, applications of information technologies in property management, mathematical methods in property management, international comparisons and developments, theoretical and conceptual frameworks for strategic property management, etc. All submissions are subject to review by two independent referees.

Current impact factor: 1.62

Impact Factor Rankings

Additional details

5-year impact 0.00
Cited half-life 2.70
Immediacy index 0.22
Eigenfactor 0.00
Article influence 0.00
Website International Journal of Strategic Property Management website
Other titles International Journal of Strategic Property Management (En ligne)
ISSN 1648-715X
OCLC 300275506
Material type Periodical, Internet resource
Document type Internet Resource, Journal / Magazine / Newspaper

Publisher details

Taylor & Francis

  • Pre-print
    • Author can archive a pre-print version
  • Post-print
    • Author can archive a post-print version
  • Conditions
    • Some individual journals may have policies prohibiting pre-print archiving
    • On author's personal website or departmental website immediately
    • On institutional repository or subject-based repository after a 18 months embargo
    • Publisher's version/PDF cannot be used
    • On a non-profit server
    • Published source must be acknowledged
    • Must link to publisher version
    • Set statements to accompany deposits (see policy)
    • The publisher will deposit in on behalf of authors to a designated institutional repository including PubMed Central, where a deposit agreement exists with the repository
    • SSH: Social Science and Humanities
    • Publisher last contacted on 25/03/2014
    • This policy is an exception to the default policies of 'Taylor & Francis'
  • Classification
    ​ green

Publications in this journal

  • [Show abstract] [Hide abstract]
    ABSTRACT: The distribution pattern of housing in any urban area will be extremely diverse and heterogeneous. The shape of this pattern depends on intrinsic properties of the housing units themselves as well as on accessibility, environmental quality and the capacity and quality of previously constructed housing stock. How do households make their choices and distribute themselves among such diverse housing areas? The aim of this investigation is to put the factors that could define the choice structure of households by focusing on two different-size cities in Turkey: the Istanbul Metropolitan Area (IMA), where the housing choice is expected to dependent upon economic behavior of households, and Bandırma (BND), a medium-size city, where the housing market is relatively weaker and the choice structure is expected to dependent upon the limited opportunities of supply. The investigation results show that households’ socio-economic characteristics dominate the choice structure in the IMA parallel to the expectation. Housing properties have a more notable impact on the choice structure in BND that acknowledged the relative limitation of the housing market.
    International Journal of Strategic Property Management 06/2015; 19(2). DOI:10.3846/1648715X.2015.1029563
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    ABSTRACT: This paper investigates the impact of internationalization and diversification strategies on the financial performance of construction industry companies. The results obtained can guide the design of strategies to pursue company growth and achieve competitive advantage. The evaluation of companies’performance is based on the use of the Data Envelopment Analysis technique to aggregate financial indicators using optimized weights. The impact of internationalization and diversification on company performance is explored using truncated regression, controlling for the effect of contextual factors such as company age, size and time. Data Envelopment Analysis and truncated regression were complemented with bootstrapping to ensure the robustness of the results obtained. The activity of Portuguese and Spanish contractors in the period 2002 to 2011 is used as case study. The empirical results show that internationalization has a positive impact on financial performance, although this effect is only statistically significant for Spanish contractors. Diversification has a nonlinear relationship with performance, benefiting companies with either a small number of core activities or companies with a broad scope of activities.
    International Journal of Strategic Property Management 05/2015;
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    ABSTRACT: Glasshouse is a kind of greenhouse that is larger than prevalent greenhouses. Glasshouses may have wide various applications and totally, is more applicable than greenhouse. One important point about glasshouse that should be considered is selecting a good location. Besides, finding a suitable location for this purpose is so hard because establishing a glasshouse needs a large area. Financial justification which is a major issue in glasshouse Investments highlights the importance of its locating. This research is based on strategic property management perspectives and its results can be used to properly locate an economically justifiable glasshouse in both governmental and private levels. There are some other important criteria affects on this issue. This research aimed at presenting new hybrid framework for glasshouse locating based on two MCDM methods. SWARA and COPRAS are applied in this research for glasshouse locating. This methodology for the first time is applied in a research. SWARA is applied for evaluating criteria and COPRAS is applied for evaluating alternatives. For illustrating the research methodology, a case study in Tehran, Iran is presented in the research. This research can be useful as a framework for this aim and also has the advantage to apply in other research areas.
    International Journal of Strategic Property Management 04/2015; 19(2):111-122. DOI:10.3846/1648715X.2015.1004565
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    ABSTRACT: Land auction is widely practiced in company and government decisions, especially in China. Bidders are always faced with two or more auctions in the period of a decision cycle. The outcome of the auction is under high risk. The bidder's risk attitude and preference will have a great influence on his/her bidding price. Prospect theory is currently the main descriptive theory of decision under risk. In this paper, we will consider the preferences of the decision-makers in land bidding decisions with the multi-attribute additive utility and reference point method in cumulative prospect theory. Three land auction models are proposed based on the appearance time of the land auctions. The simultaneous model uses cumulative prospect theory without considering the relationships between the auctions. The time sequential model involves the exchange auction decisions at different time with the third-generation prospect theory. The event sequential model further considers the reference point prediction in sequential land auction decisions. The three models can help the decision-makers make better bidding price decision when they are faced with several land auctions in the period of a decision cycle. A case study illustrates the processes and results of our approaches.
    International Journal of Strategic Property Management 04/2015; 19(2):186-205. DOI:10.3846/1648715X.2015.1047914
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    ABSTRACT: Extant studies indicate that the excessive easing of monetary supplies can result in surplus liquidity, which can consequently facilitate the formation of asset bubbles. This study references data on house prices in the U.S. from January 1991 to August 2012 to explore the correlations between monetary liquidity and house price bubbles in the U.S. housing market. Fluctuations in house prices are classified as related to either fundamentals (the mean reversion behavior and responses to information of the current period) or bubbles (self-related behavior). Results show a significant correlation between the formation of housing bubbles and monetary supplies. Long-term easing of monetary supplies can cause housing marketing returns to deviate from fundamentals, which then results in an increase in continuous fluctuations in house prices and the likelihood of the formation of house price bubbles.
    International Journal of Strategic Property Management 04/2015; 19(1):1-12. DOI:10.3846/1648715X.2014.973465
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    ABSTRACT: The article presents the results of the analysis of Vilnius district commercial-industrial zones. The criteria of analysis are: geographic location, plots and/or groups of plots in the area, operating and planning activities of companies as well as the infrastructure and transport communications development at the engineering level. A theoretical model for investment strategy selection is introduced to identify the possibilities of investment attractiveness. The principle of the investment option with the system of characterizing indicators for development is offered to reflect the lack of cohesion between practical investment promotion and sustainable development of the territories’ indicators.
    International Journal of Strategic Property Management 04/2015; 19(1):84-95. DOI:10.3846/1648715X.2015.1027321
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    ABSTRACT: This paper estimates technical efficiency in the Spanish construction sector before and after the start of the current financial crisis, and examines the impact of socio-economic factors on technical efficiency. Bias-corrected efficiency measures are obtained using Data Envelopment Analysis with bootstrap for a sample of medium-sized and large construction firms over the period 2000-2010. Next, bias-corrected efficiency scores are regressed on the variables explaining efficiency using bootstrap truncated regression. The results show that technical efficiency is very low and is significantly lower after the beginning of the financial crisis than before. Firms with the highest technical efficiency scores have the lowest input-ratio for material and employee costs to output and the highest for fixed assets. The examination of the determinants of technical efficiency indicates that efficiency is higher for firms that export, are highly leveraged, are integrated in the form of joint stock company, and are located in Spanish regions with higher GDP per capita, while firms with high stock relatively to turnover have lower technical efficiency. Technical efficiency increases with size for relatively small sized construction firms, but decreases beyond a critical firm size, while technical efficiency decreases with age for young firms, but eventually increases for older firms.
    International Journal of Strategic Property Management 04/2015; 19(1):96-109. DOI:10.3846/1648715X.2014.973924
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    ABSTRACT: This study aims to investigate housing market differentiation, drawing upon the results of case studies of the Çankaya and Yenimahalle districts that adopt a set of statistical techniques. As a first step, a cluster analysis is carried out to identify whether identifiable clusters of housing attributes exist on the basis of neighborhoods. Next, a Multiple Discriminant Analysis (MDA) is applied to investigate the differences between clusters, and to understand which housing attributes contribute most to submarket separation. Finally, a hedonic price analysis is conducted for each cluster and for the overall market to identify price differences in the housing market. The results of the study support the hypothesis that the housing market is segmented in Yenimahalle and Çankaya, and that location is the main determining factor in this segmented structure of different house values. The study also reveals that within this segmented structure, each cluster has its own dynamics, and that the price formation in each cluster is dependent on different variables.
    International Journal of Strategic Property Management 04/2015; 19(1):13-26. DOI:10.3846/1648715X.2014.1000429
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    ABSTRACT: This paper investigates tax inequities in assessed values and how these inequities in tax assessments affect house price indices using assessed values statistics. Using the unique rating valuation data from the top 10 cities of New Zealand during the period 1994-2009, it finds that house price measurements using the Sale Price Appraisal Ratio (SPAR) method have performed well compared to the repeated sales method suggested by Case and Shiller (1989) and the assessed values (AV) method proposed by Clapp and Giaccotto (1992). The presence of systematic estimated errors (both vertical and horizontal inequities) in assessed values posts a concern for house price measurements using assessed values statistics. In this situation, both the SPAR and AV methods benefit from the law of compensation of errors by using all transaction data. A policy implication is that the SPAR model is a good choice when using assessed values to measure house price movements at frequent time intervals, in particular for small countries.
    International Journal of Strategic Property Management 04/2015; 19(1):27-41. DOI:10.3846/1648715X.2014.973925
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    ABSTRACT: As a result of urban housing reform in China, it has become increasingly difficult for low and middle income families to purchase a house. In response to the growing demand for affordable housing, the Chinese Government has developed a specific housing policy to enable families to purchase properties from the private sector. The pricing mechanism of such housing is completely based on the family affordability and the profit margin of developers. To ensure the provision of housing for low and middle-income families, the future trend of affordable housing prices has become a concern for developers, consumers and may adversely influence the implementation of the current national housing policy. In this paper a systematic analysis of affordable housing development and its pricing structure is undertaken for the city of Shenzhen. As information pertaining to the factors influencing house prices is imperfect, a Grey model, which requires a limited amount of data to reflect unknown behavior, is constructed to provide a forecast for affordable house pricing. The analysis indicates that the government should adjust their current affordable housing policy to accommodate the forecasted upward trend in house prices.
    International Journal of Strategic Property Management 04/2015; 19(1):58-65. DOI:10.3846/1648715X.2015.1004564
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    ABSTRACT: The method Schroeder is accepted amongst real estate professionals in Switzerland as a near standard for condition monitoring, budgeting of maintenance and refurbishment, and strategic decision support in point of building portfolios. It is based on the devaluation curves of 12 or more building elements. Main results are the actual and the prognosticated future building condition in percentage of its reinstatement value, the residual useful service life of building elements, and the calculation of future maintenance and refurbishment costs. 25 years after its first publication, this paper analyses the assumptions made, compares the method to other methods in this field, and validates the method in several steps, based on scientific or empirical evidence. Furthermore, a desktop simulation of a well-documented portfolio was performed and compared, the answers from a questionnaire amongst users are provided, and the partially controversial conclusions are discussed.
    International Journal of Strategic Property Management 10/2014; 18(4). DOI:10.3846/1648715X.2014.971917
  • Xu · Yeung · Jiang
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    ABSTRACT: Governments worldwide are keen to encourage PPP schemes, however PPP is not a foolproof business. Many local governments and private investors have suffered severe or trying experiences. In this research, 10 case studies were conducted to identify the obstacles and difficulties for successful implementation of PPP projects from the perspective of government guarantees. These PPP projects include two water supply plants, two sewage treatment plants, two power supply plants, two highway projects, and two bridge projects. The findings obtained indicate that the local governments are familiar with “the type of guarantees” to provide to the private investor but they are unsure of the “amount” that should be given. Many PPP projects have therefore been heavily criticized for over benefiting the private investors as the government provides them with too many guarantees. The inappropriate guarantees offered by the government are regarded as one of the root causes of PPP projects’ failure. The lessons learned are valuable for determining appropriate government guarantees for future PPP projects and broadening the opportunities for infrastructure development with PPP procurement model.
    International Journal of Strategic Property Management 10/2014; 18(4). DOI:10.3846/1648715X.2014.971088
  • Lin · Pan
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    ABSTRACT: Performance assessment is an important task for the property management company to measure the performance of site, to evaluate and rank the sites, and to trace the main indices resulting in worse performance. Therefore, this study proposes a multi period performance assessment model. A performance scale with twelve indices is adopted to measure the site performance. The raw data can be transformed to be comparable by the proposed linear preprocessing method with specification limits. The priority is ranked by the integrated method with the technique for order preference by similarity to ideal solution and the signal-to-noise ratio. Finally, the main indices resulting in worse performance can be identified by the proposed tracing method. An illustrative example of real case is adopted to demonstrate the feasibility and practicability of the proposed model. Results show the proposed model can obtain a more reliable result.
    International Journal of Strategic Property Management 10/2014; 18(4). DOI:10.3846/1648715X.2014.970596