International Journal of Strategic Property Management (Int J Strat Property Manag)
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.
Journal Impact: 0.83*
Journal impact history
|2016 Journal impact||Available summer 2017|
|2015 Journal impact||0.83|
|2014 Journal impact||1.36|
|2013 Journal impact||1.94|
|2012 Journal impact||1.38|
Journal impact over time
|Website||International Journal of Strategic Property Management website|
|Other titles||International Journal of Strategic Property Management (En ligne)|
|Material type||Periodical, Internet resource|
|Document type||Internet Resource, Journal / Magazine / Newspaper|
Publications in this journal
- [Show abstract] [Hide abstract] ABSTRACT: There is an urgent need to improve the management of housing reconstruction programmes. Post-disaster housing reconstruction represents a significant portion of global property investment but its management has often proved to be ineffective. Although the post-disaster context makes management more challenging, it also offers exceptional opportunities to invest in and develop a more resilient built environment. On the basis of a systematic review of the existing literature, characteristics of the housing reconstruction context and successes, failures and management issues arising from historical housing reconstruction programmes were identified. These were synthesized into a conceptual framework that relates the contextual characteristics with management strategies and with the desired outcomes for housing reconstruction initiatives. This framework will enable field data collection in order to better understand the interrelationships between context, management strategies and outcomes. Ultimately, it is intended to provide practitioners with decision support tools for selecting appropriate housing reconstruction management strategies. KEYWORDS: Built environment, Disaster resilience, Housing reconstruction, Management strategies, Reconstruction management
- [Show abstract] [Hide abstract] ABSTRACT: Implementing seismic rehabilitation requires a substantial investment for substandard building owners. Seismic retrofitting can significantly reduce earthquake damages to the built environment and thus decrease the risk posing to the public and the community. However, many countries with active seismic zones, including New Zealand, experience slow progress of seismic retrofit. This paper examines the decision environment which has significant impact on stakeholders’ behaviours, to identify challenges in seismic rehabilitation decision-making. A qualitative approach was adopted with semi-structured interviews. A selection of building owners, government officials, and practical professionals involved in seismic retrofitting decision-making were interviewed. Major challenges identified by the interview results include various options, diverse considerations, assorted stakeholders, conflicting multiple objectives, and unaided decision making process. The inconsistency in expectation of whether building owners have sufficient aid in decision-making process offers plausible explanation regarding the key impediment to successful seismic rehabilitation decisions. A decision-making model is thus a necessity to assist building owners making an informed decision.
- [Show abstract] [Hide abstract] ABSTRACT: Large scale projects tasked with designing infrastructures and urban networks resilient to disasters face a common challenge, i.e. the need to address concomitant technological issues and social problems. What is more, conflicting technologies and the diverse philosophical underpinnings of distinct academic disciplines pose difficulties in the collaboration among experts of different fields. These difficulties and possible ways to tackle them have been highlighted by a questionnaire developed in the framework of an EU project named ANDRDD (Academic Network for Disaster Resilience to optimize Educational development). More specifically, the project investigated the level of interdisciplinary work in current research and educational projects within the field of disaster resilience. findings illustrate the number and types of disciplines involved in disaster resilience projects and suggest that a higher degree of integration between different disciplines in tertiary education could promote a transdisciplinary approach to disaster resilience, resulting in design efficiency and innovation.
- [Show abstract] [Hide abstract] ABSTRACT: In a novel approach to disaster resilience that embodies a multidisciplinary problem solving process in determining the value of damaged property, a framework has been developed for determining the economic value of damages to property due to contamination from human-caused oil spill disaster in the Niger Delta. The framework will result in a reduction of the recovery process of affected communities following an oil spill as they know in advance what will be done and result in standardisation of the valuation process. it will enable the polluter to know the cost of their malfeasance and provide the property owners with the economic value of their polluted property to enable them to continue their livelihood. Professional valuers and property owners are very dissatisfied with the current practice without a standard framework and oil company operators hardly realise the economic cost of disasters imposed on the communities. Reviewing the theory and practice of economic value and ecosystem valuation, a mixed-methodology was employed using questionnaires and expert interviews to ascertain how contaminated wetland property is valued, the professionals involved and their respective roles. The proposed framework will provide a systematic process leading to the determination of the economic value of damages due to contamination of wetlands property.
- [Show abstract] [Hide abstract] ABSTRACT: In stark comparison to reductions achieved in the number of human casualties from disasters it is now evident that economic losses are increasing at a much higher rate. While several events contribute to economic loss from disasters, loss from built environment (property) damages and its consequential effects are significant. The overarching purpose of this paper is to systematically summarise and synthesise literature, critically discuss issues, and identify methodological problems as well as research, practice gaps and potential solutions to matters relating to financing and investment in Disaster resilience in the Built Environment. Literature materials used for this the paper were gathered from reputable sources. As part of the findings of the study, a growing shift towards investment and enhancement of disaster resilience through the principles of corporate social responsibility and public private partnership was observed. However, many of the documented investments were made after disaster struck once or nearby.
- [Show abstract] [Hide abstract] ABSTRACT: The research was developed linking the impact of flood risk on utility, desirability and marketability related to vulnerability of commercial property value. Likert style questionnaire survey was conducted to obtain data from flood affected and un-affected respondents across different designated flood risk zones on key business and perception variables among two groups of business property holders in England. The responses were analysed through a spatial vulnerability model to illustrate the distribution of the vulnerability of value of properties among flood plain business holders on a GIS platform. Majority of respondents perceived that utility of properties may be hampered by flooding and subsequently have an impact on value for property at risk. Those with flood experience gave greater weight to their specific business needs such as the prime location and expected income level than those without flood experience. The implication of the study lies in understanding that flood risk perceptions can shape actions of people at risk towards future increase in resilience having strategic impact on value of property saleability in the future.
- [Show abstract] [Hide abstract] ABSTRACT: One of the most significant issues in the safe underground spaces is the supply of light during the conditions in which there is no possibility to use national electricity network in crisis. Hence, attention to the source management of light supply possesses worthy importance. Light is one of the important issues in underground safe spaces which must be noticed with particular obligations. In the research, in order to evaluate variety of light supply methods in underground safe spaces, a questionnaire was set in order to weigh affective indexes up and score each method. To determine the best index among different indexes, SWARA method was applied; then COPRAS method was used in order to analyze data of the questionnaire that the best choice among various strategies could be chosen. Results represented that the choice of light supply by the lamp with battery source to provide light for city shelters is the best. According to results gotten from this method, choices of light supply by the fossil fuel light, light supply by the urban power source lamp, light supply by the mirror and light supply by fiber optics have been ranked in second, third, fourth and fifth positions, respectively.
- [Show abstract] [Hide abstract] ABSTRACT: Previous research has indicated that residents’ satisfaction with neighborhood conditions helps shape attitudes and has a high impact on residential valuations. This paper reports on research that sought to analyze the relationship between neighborhood characteristics and residents’ degree of satisfaction. Based on the construction of a fuzzy cognitive map (FCM), which involved residents from several highand low-quality neighborhoods in the Central-West region of Portugal, a framework that adds value to the way key determinants of neighborhood satisfaction are identified is proposed. Because FCMs allow the understanding of the cause-and-effect relationships between factors to be improved, this framework shows that for satisfaction with the neighborhood to increase, more attention needs to be paid to positive attitudes toward subjective variables that interfere with residents’ satisfaction. The results presented can provide relevant information for the effective and efficient planning and development of residential environments. Strengths and weaknesses of this proposal are also discussed.
- [Show abstract] [Hide abstract] ABSTRACT: In countries with highly-developed financial systems bank portfolios have high exposure, directly or indirectly, to the real estate sector. Changes in the value of real estate can have a potentially significant impact on the default risk of banks and on their profitability as a result of high exposure to the real estate sector. This is especially critical during real estate crises, when bank losses tend to increase dramatically, placing the entire financial system at risk of collapse, as it was the case of the recent international subprime crisis. This article studies the sensitivity of bank stock returns to real estate returns in 15 European countries. The results indicate that bank stocks are sensitive to real estate market conditions. There is a positive relation between bank stock returns and real estate returns after controlling for general market conditions and interest rates changes.
- [Show abstract] [Hide abstract] ABSTRACT: In real estate studies, arguably the most important topic revolves around what actually affect the price of properties. In addition to various macroeconomic factors, the mortgage industry is also believed to play a major role. Nonetheless, despite its profound implications on the banking sector, the property market, and the economy as a whole, there is no consensus as to the relationship between property price and bank mortgage lending. In light of this, this paper aims to investigate the relationship between property price and mortgage lending, along with other macroeconomic variables, in two housing sub-markets of Hong Kong (i.e. the mass housing market and the luxury housing market). The findings illustrate that one-way directional relationships are discovered 1) from mass housing price to mortgage lending; 2) from luxury housing price to mortgage lending; and 3) from mass housing price to luxury housing price. Macroeconomic factors such as GDP, inflation rate, and interest rate are also found to play a major role in influencing the prices of both property markets and the amount of outstanding mortgage loans. Implications based upon these findings are also discussed.
- [Show abstract] [Hide abstract] ABSTRACT: Due to the severe restrictions on access to credit resulting from the current economic climate, credit risk analysis of mortgage loans has been considered paramount for banking institutions and is currently accompanied by higher credit underwriting standards. In this paper, we present an empirical comparison of three decision support tools (i.e. Analytic Hierarchy Process (AHP), Delphi, and Measuring Attractiveness by a Categorical Based Evaluation Technique (MACBETH)) in the specific context of trade-off readjustments in credit risk analysis of mortgage loans. We conducted a panel study with credit analysts and focused on five lines of comparison: ease of use; time-consumption; ease of applicability; accuracy; and overall evaluation. Results indicate that Delphi surpasses AHP and MACBETH in terms of ease of use, time-consumption and ease of applicability. As for accuracy, the differences obtained between AHP and MACBETH are not significant, and both methods perform better than Delphi. Most of the decision makers considered AHP the “overall best” approach.
- [Show abstract] [Hide abstract] ABSTRACT: Because of global urbanization and sustainable development trends, reusing vacant buildings is a crucial strategy employed in urban development and management. Reusing and adjusting the future service values of unused buildings to extend building life cycles is a sustainable approach that benefits society, the economy, and the environment. However, repurposed spaces are easily re-discarded because a comprehensive system and operational plan for assessing the effects of building reuse remains unestablished. The research framework adopted in this study was based on the seven factors of the AdaptSTAR model; assessment criteria for building reuse were then created. In addition, 62 types of reused building cases in Taiwan were investigated and a decision model for reuse type prediction and business strategy was constructed on the basis of artificial neural networks. The results indicated that the proposed decision model yielded a reuse type accuracy of 89% and a business strategy accuracy of 78%. This systematic approach can be adjusted according to local conditions and applied as an effective decision support tool.
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