Title Promoter Affiliations Abstract "Real estate developments in and around regional airports." "Wouter Dewulf" "Transport and Regional Economics" "Regional airports face a viability problem due to the imbalance between the socio-economic role they fulfil and their negative profit and loss statement. Therefore, the primary objective of this research is to determine whether real estate developments in and around regional airports can increase this (currently negative) profit and loss statement without proportionally increasing the social costs. To achieve this, four research questions were formulated. First, a market analysis of regional airports and their (real estate) strategy uncovers the current situation and delineates the research. Second, the business models of regional airports and the linked problems are researched on the basis of a factor and cluster analysis. Third, the relationship between current land use at regional airports and their profit and loss statement is examined through (spatial) regression. Finally, descriptive examples of future real estate developments (e.g. solar panel park), that can deliver improvements in the profit and loss statement of regional airports, will be provided." "Sustainable real estate development: towards a new concept of ownership" "Dorothy Gruyaert" "Faculty of Law and Criminology, Kulak Kortrijk Campus" "The research concerns the question how the law can contribute to a sustainable real estate development. Both private and public actors must firmly commit to a transition in real estate focusing on the needs of the present generation, in terms of affordable and high-quality housing, without however jeopardizing the future generations. This necessary transition to sustainability is twofold and affects our concept of ownership. The first transition is of a material nature and deals with the construction process, i.e. the design, build and management of our buildings. The second transition is the functional transition towards another purpose and (multifunctional) use of real estate and the prevention of open space. This project aims at creating an adequate legal framework for the transition towards sustainable real estate development. The research is situated on the boundary between private law and public law." "The differential impact of real estate financialization on the political economies of Germany and France" "Manuel Aalbers" "Geography and Tourism" "Following the Global Recession of 2007-2008, the financialization of real estate has become a well studied research topic in advanced, capitalist societies and emerging economies. Yet, since financialization is a variegated and path-dependent process, local and national varieties between real estate financialization persist. This research project focuses on the financialization of real estate in Germany and France, two Continental European political economies that are traditionally known for their relatively sluggish and unsophisticated property and financial markets. Although this research project concludes that an unprecedented growth of household debt and mortgage securitization did not really occur in these Continental European countries, it argues that processes of financialization are still observable in Germany and France. Making an empirical and cross-sectoral analysis on the residential and commercial markets of both countries, this research shows that the rise of listed real estate can be seen as a distinctive form of real estate financialization in Continental Europe. Whereas listed funds in Germany operate almost exclusively in the domain of residential real estate, in France REITs have monopolized the commercial real estate sector." "Blockchain and Real Estate Law : a conceptual analysis." "Vincent Sagaert" "Faculty of Law and Criminology, Kulak Kortrijk Campus" "“Does the use of blockchain technology affect the conveyance process of real estate, and to which extent is the legal framework adapted to this transformation?” This project aims to spearhead a better understanding of the consequences of applying blockchain in the field of real estate law. Although blockchain technology – as a public medium for conveyance without third party intervention – seems to be by its very nature a “next step” within the world of contracts, transactions and publicity, there is a powerful tension between the basic foundations of these legal concepts and the features of blockchain technology. The goal is to study comparatively the conveyance process in different legal systems (France, Belgium, UK, Netherlands). Based on these finding, we take a look at blockchain technology, how it might influence these processes and perhaps, by doing so, create situations that are “unprecedented” in real estate law. Finally, the aim is to integrate all this in a new legal framework for conveyance based on normative criteria (consumer protection, efficiency, harmonisation and legal certainty)." "The effect of energy performance certificates on real estate prices, investments in energy efficiency and energy consumption." "Sven Damen" "Accountancy and Finance" "Mandatory energy performance certification for buildings is increasingly used in many countries. Energy performance certificates (EPCs) are seen as a key instrument to increase awareness of energy efficiency, which may affect real estate prices, investments in energy efficiency and ultimately energy consumption. Despite the widespread use and substantial administrative costs to implement, empirical evidence on whether or not mandatory certification reduces energy consumption is nonexistent. Empirical evidence for real estate prices and investments in energy efficiency is scarce and inconclusive. We exploit the introduction of mandatory EPCs in Flanders in November 2008 in combination with rich micro data in a regression discontinuity design. Therefore, we are able to provide a credible-identified estimate of the causal effect of the introduction of mandatory EPCs on energy consumption, house prices and investments in energy efficiency." "Discrimination on the private rental market in Belgium. Strategies and rationales of private landlords and real estate agents to exclude ethnic minorities and low income households." "Hilde Heynen" "Urban Design, Urbanism, Landscape and Planning, History, Theory and Criticism of Architecture" "Discrimination is a persistent issue in various societal fields, including the housing market. This PhD project focuses on the discrimination of ethnic minorities and low income households on the private rental market in Belgium. Taking the perspective of landlords and real estate agents as a point of departure, the project studies how discrimination occurs throughout the entire rental procedure.More precisely, this PhD project wishes to reveal which selection and discrimination strategies landlords and real estate brokers develop in their daily practices. It also sheds light on the motivations, reasoning and justifications that go along these strategies. In addition, this PhD questions how governments can develop or strengthen their housing and antidiscrimination policies to improve access to housing for ethnic minorities and low income households." "A dynamic list of rogue tenants, landlords and real estate agents" "Government and Law" "The coalition agreement of the Flemish Government 2019-2024 and the Housing Policy Plan 2019-2024 of Minister Diependaele contain the intention to investigate whether a dynamic list of rogue tenants, landlords and real estate agents could be drawn up. The project primarily examines whether it is possible to create such a dynamic list in accordance with higher legal standards, including privacy regulations." "Do European investors have to invest into Asian real estate in order to protect themselves against the current global market woes ?" "Martine Van Wouwe" "Statistics and data analysis, Mathematics, Statistics and Actuarial Sciences" "Investors could buy more 'Asian' property assets to protect themselves against the current financial crisis in the US. We will present a first insight into how Asian property stocks are correlated to other asset classes in both the Asian and European markets. The correlation patterns (return in relation to risk) will be examined through locally-based property databases (Asian Development Bank). Do Asian property stocks carry a higher risk?" "Format of hedonistic model for estimating the normal sales value of real estate" "Erik Buyst" "Research Centre of Economic History, Leuven" "The determination of the value of a home is a difficult exercise for various reasons. However, in recent years, a lot of progress has been made regarding statistical techniques that can be used as a tool for determining the actual sales value. The most common technique for a model valuation is the use of hedonic pricing models. These have various applications. This method mainly allows you to study three elements:it allows to create a hedonistic price index, which shows how the price of an identical home evolves over timemonetary valuation of housing characteristics, environmental characteristics and transactional characteristics on the property price. Thus, the method is often used to analyze the actual willingness of households to pay  for environmental factors (green, windmills, heritage, ...) as derived from the negative and positive influence of that environmental factor on the sale price of a home.accurately predict the market value of the property itself (even though it is not sold).The last scope is central to this project. It is important to mention that there is a wide range of methods and options for performing a hedonic price analysis, which are often dependent on the application of the research. The output of the hedonic pricing model consists of specific valuations of all structural and environmental characteristics. In order to calculate market value, these valuations must be combined with the structural and environmental characteristics of the property." "Building a spatial-economic property model" "Mieke Paelinck" "Duurzaam Ruimtegebruik en Mobiliteit" "This project involves the research and development of a spatial-economic real estate model that calculates the value of real estate with sufficient accuracy and spatial resolution for a given sub-area. Space in Flanders is scarce. This is a property of all economic goods and entails price dynamics. Since real estate value has an undeniable impact on the real estate choices a citizen or government makes, a thorough understanding of these dynamics is indispensable for adequate policy and correct real estate choices. Themes such as affordable housing and mobility are closely linked to this and form the main themes of the Sustainable Land Use and Mobility (DRUM) research centre. However, real estate data are not transparent. Unlike many countries, Flanders lacks publicly available transaction prices of houses, building land, industrial buildings, agricultural land ... As a result, regulators, governments and public opinion increasingly question the reliability of valuations. This complicates, for example, accurate valuations of a property or land, cost-benefit analyses, simulations and political-administrative considerations such as the development of a plan damage scheme in the context of the construction boom in Flanders. The answer to this question of objectivity and quality offers itself in the form of a spatial-economic real estate model, the REM. The set-up is a model that establishes the relationship between location, plot and property value within the Flemish real estate market. In other words, the aim is to determine the relationship between property value on the one hand and value determinants on the other. These determinants are divided into three categories. First, there are structural properties of the property. This is the micro level. Examples are surface area, degree of finish, number of rooms. Second, the meso level is also taken into account. These are the characteristics of the neighbourhood in which the property is located. For example, access to public transport, crime, proximity to amenities may play a role in the valuation. Third, the economic context in which a transaction would take place influences the value. At this macro level, elements such as legislation, registration fees, lending rates and the relationship between supply and demand play a role. The way these determinants are defined and quantified is captured in a taxonomy. This clarifies, for instance, how crime, mobility score or employment in a neighbourhood is calculated, which (open) data sources can be tapped for this purpose and why it is relevant for the valuation of a house, commercial property or land. The data covered by this taxonomy is kept in a central database. This can be made available to the real estate industry. The data in this database come together in a statistically based model. This is the concrete, monetary expression of the impact of, say, a higher mobility score or a smaller land area on the value of real estate. In other words, this is a formula in which an amount is attached to each relevant determinant. Thus, there is maximum transparency regarding the establishment of a valuation. The combination of a uniform property taxonomy and a transparent formula forms the basis of an automated valuation model (AVM) that can automatically and efficiently determine the value of real estate within a certain price range. On top of that, the AVM is spatial in design. Thus, all data layers are built spatially for the whole of Flanders and the model takes into account the location of a property or land. As a result, the AVM can be used at different scales (depending on the policy goal). Thus, the value of real estate can be expressed per municipality, per statistical sector, per cell of 1 km² or 1 ha or, if possible, at plot level."