Search Results (83)

Artificial intelligence (AI) is transforming healthcare and the built environment, yet its application to healthcare real estate (HRE) remains fragmented and poorly understood. This study systematically reviews AI applications across the HRE asset lifecycle to identify evidence gaps and evaluate their potential to improve decision-making, operational performance, and sustainable healthcare infrastructure. Following the Joanna Briggs Institute methodology and PRISMA-ScR guidelines, the search identified 2881 records, of which 87 studies met the inclusion criteria. Building on the evidence gaps identified through this mapping, this study develops conceptual contributions, including a lifecycle maturity index, the Algorithm-to-Asset-Value Translation Chain, and the AI-HREDF, that serve as theoretically grounded, testable proposals for future empirical investigation. Each study was classified by lifecycle stage, evidence directness, and evidence strength. Only 14 studies (16%) provided direct evidence linking AI to HRE decisions, while most focused on operations and facility management, leaving major gaps in site selection, planning, construction, and investment. This review identifies three evidence translation gaps that prevent AI advances from becoming measurable improvements in asset performance and financial value. To address these challenges, we propose the AI-Integrated Healthcare Real Estate Decision Framework (AI-HREDF), the Algorithm-to-Asset-Value Translation Chain, and a research agenda for future work. The findings provide a foundation for integrating AI into healthcare infrastructure planning, management, and investment while supporting more resilient, resource-efficient, and sustainable healthcare facilities. Full article

Blockchain technology is very often presented as a promising solution for modernizing property registration, due to its characteristics of immutability, auditability, and traceability. However, the evolution of research in recent years shows that the initial technological enthusiasm has been followed by a more critical phase, in which the focus has shifted from abstract promises to the concrete conditions of legal, institutional, and operational integration. This article pursues two main objectives: (i) to present the current state of research regarding the use of blockchain in property registration systems and (ii) to identify the suitability of implementing such an infrastructure in Romania, by reference to the legal framework governing real estate registration, data protection requirements, and the current stage of digitalization of the National Agency of Cadastre and Land Registration (ANCPI). The study is qualitative, interdisciplinary, and evaluative in nature and is based on a set of sources such as scientific literature, institutional reports, case studies, and official normative sources. The analysis shows that international literature is dominated by prototypes and architectural models, while real-world implementations remain limited and, in all relevant cases, rely on permissioned and hybrid models, rather than fully decentralized public ledgers. For Romania, the article shows that the main barriers are not strictly technical, but legal–institutional: the legal recognition of distributed entries, the relationship with the function of the land book, the role of ANCPI, and compliance with GDPR. The conclusion of the research is that blockchain may be useful for cadastral records in Romania only within a complementary, phased, and institutionally controlled architecture, rather than as an immediate replacement for the current cadastral registration system. Full article

Digital street-view imagery delivers computationally enabled fine-grained quantitative perception of urban landscape, supporting the refined assessment of urban spatial quality, ecological livability, and socio-economic externalities for socio-environmental sustainability. Taking Shanghai as the research area and 500 m × 500 m grid cells as basic analytical units, this study adopts the Segformer machine learning segmentation algorithm to accurately extract visual features of urban green infrastructure from massive Baidu street-view images. Combined with visitor volume and real estate transaction data, this paper systematically explores vitality effects and sustainable economic compensation of Green View Index (GVI) via the spatial hedonic model. Multi-model comparison verifies that the double-logarithmic framework is optimal for street-view visual data. Two empirical models are constructed to eliminate multicollinearity and differentiate effects of integrated built environments and segmented visual elements. The results indicate that Shanghai’s vitality presents a polycentric agglomeration pattern, while GVI shows a scattered spatial distribution, with strong spatial correlation in urban cores and weak linkage in suburbs. GVI acts as a determinant of block vitality, outperforming land use diversity and commercial density. A 1% increase in the GVI improves block vitality by 6.21% in C gradient, with positive effects concentrated on outer-ring green belts and inhibitory impacts in remote suburbs. Multi-scale analysis from 500 m to 5000 m confirms green optimization brings stable residential premiums, generating sustainable economic compensation to offset urban renewal costs. This study proposes a digital-imagery-based paradigm for GVI benefit evaluation and provides empirical evidence for the planning of ecologically sustainable communities. Full article

The paper addresses the intersection between modern built heritage preservation and Climate-Aided Design (CADe) processes in fragile coastal Mediterranean contexts. The study focuses on the city of Beirut in Lebanon, part of the Eastern Mediterranean and Middle East (EMME) region and considered a climate change hotspot facing extreme challenges. Rapid urbanization and socio-political instability, especially during the twentieth century, have undermined the city’s ability to mitigate and adapt to future climate change scenarios. Moreover, Beirut’s modern built heritage faces a constant threat of demolition due to the absence of protective legislation, compounded by aggressive real-estate development ambitions. The hypothesis is that the integration of climatic data and regenerative design with modern cultural heritage classification frameworks can aid the preservation process, drive a more adaptive and inclusive approach to urban regeneration, and inform legislative integration of climate adaptation in conservation frameworks. To test this hypothesis, a multi-scalar case-study-based methodology is adopted using a combination of digital tools to assess and analyze the current and future impacts of climate change on two main case studies. First, the St. George Hotel & Bay, one of the first reinforced concrete recreational buildings in the city, was built during the French Mandate (1920–1946) and is vulnerable to sea-level rise, flooding, and demolition. Second, the Beirut City Center “The Egg”, a Brutalist structure built during Beirut’s modernist “golden era”, which is prone to structural deterioration and demolition. The main objective is to highlight 20th-century built heritage as part of Beirut’s spatial narrative worthy of conservation and rehabilitation by analyzing their capability to adapt to, mitigate, or benefit from future environmental risk. Ultimately, the study explores their potential to catalyze climate-resilient urban regeneration practices in the city. Results show that the integration of current and future forecast environmental analyses informed early preservation and intervention decision-making stages to position 20th-century modern built heritage as an asset to climate action in addition to being a socio-cultural and economic asset. Full article

A This study examines the interplay between environmental, social, and governance (ESG) practices, artificial intelligence (AI) adoption, and financial performance within Saudi Arabia’s financial sector. It investigates whether AI adoption moderates the ESG–performance relationship, reflecting the sector’s ongoing digital transformation under Vision 2030. Drawing on 224 firm-year observations across banks, diversified financials, real estate investment trusts (REITs), and insurance companies, the study employs content analysis of annual reports to identify AI implementation. Panel regression models are used to test the effects of ESG practices on both accounting-based (ROE) and market-based (Tobin’s Q) performance measures, while examining AI’s moderating role. The results reveal that ESG practices significantly enhance accounting-based performance, particularly return on equity, while board size exerts a positive and board independence a negative influence. However, ESG does not significantly affect market-based valuation (Tobin’s Q). Notably, AI adoption negatively moderates the ESG–financial performance link, suggesting short-term challenges in integrating digital transformation with sustainability strategies. This study contributes to literature in three key ways. First, it provides new evidence from financial institutions in a developing economy—Saudi Arabia—where ESG and AI integration remains underexplored. Second, unlike previous research that proxies AI adoption through R&D expenditure, this study captures actual deployment of AI tools in operational activities. Third, it extends the ESG–performance debate by introducing AI adoption as a novel moderating factor. The findings offer actionable insights for managers and policymakers in emerging markets, underscoring the importance of developing organizational capabilities that harmonize AI-driven innovation with ESG principles to foster sustainable long-term value creation. Full article

To clarify the transformation patterns and driving mechanisms of the explicit and implicit morphology of rural settlements in peri-urban areas of large mountainous cities in Southwest China, this study examines the central urban area of Chongqing. Using land-use, point-of-interest (POI), socio-economic and digital elevation model (DEM) data from 2008 to 2024, we constructed an evaluation system for explicit and implicit rural settlement morphology. Kernel density estimation, the Mann–Kendall test and the moving t-test were used to identify morphological evolution, while the coupling coordination degree model and structural equation modeling (SEM) were applied to examine coordination relationships and driving mechanisms. The results show that: (1) during the study period, explicit morphology showed continuous contraction, whereas implicit morphology exhibited fluctuating improvement and polarized differentiation, indicating an overall gradual transformation; (2) no statistically significant abrupt changes were detected in either morphology, while temporal changes in coupling coordination divided the process into three stages—stable coordination, intensified imbalance and weak recovery—reflecting structural adjustment; (3) the coupling coordination degree declined overall, shifting from primary coordination towards near imbalance and indicating an uncoordinated transformation characterized by advanced contraction of explicit morphology and lagged improvement of implicit morphology; and (4) SEM results indicate that transportation infrastructure is the core driver of morphological transformation, with a significant positive effect on explicit morphology and a significant negative effect on implicit morphology. Natural factors positively support both morphologies, socio-economic factors exert negative or weak effects, and public services and real estate negatively affect explicit morphology but significantly promote implicit morphology. These findings provide a scientific basis for optimizing the layout and improving the functions of rural settlements in mountainous cities. Full article

The real estate sector has increasingly shifted toward digital platforms, where content sentiment plays a crucial yet understudied role in driving user engagement. While sentiment analysis has been widely applied in retail and finance, its impact on real estate web traffic remains poorly understood, particularly in competitive digital marketplaces. This study examines the relationship between sentiment in web content and the traffic it attracts on residential real estate websites in South Africa. Specifically, it examines how different sentiments associated with the type of content (articles versus property listings) influence total monthly web traffic and user engagement. A quantitative analysis of six years (2017–2023) of scraped data from Property24, Remax, and Private Property employed R (rvest, sentimentr, and stats packages) for web scraping, sentiment analysis, and ANOVA testing to evaluate relationships between content sentiment, type (listings vs. articles), and web traffic metrics. The analysis revealed a significant impact of sentiment on web traffic, indicating that the sentiment of web content influences visitor numbers. Specifically, property listings generated a total of 16,780,623 monthly visitors, significantly surpassing the 13,407,521 visitors attracted by articles. This study contributes empirical evidence regarding the influence of content sentiment and content type on web traffic within the South African real estate market. It highlights the critical role of sentiment in shaping web traffic and potentially user engagement and provides actionable insights for real estate developers and marketers seeking to optimize their content strategies to improve user attraction and retention. Full article

The real estate sector continues to face challenges such as inefficiencies, fraud risks, and high transaction costs stemming from opaque processes and heavy reliance on intermediaries. These challenges highlight the need for transparent and efficient solutions to support secure real estate transactions and management. While a growing body of literature has examined blockchain applications in real estate, existing studies are often fragmented and predominantly descriptive, with limited systematic synthesis of evidence and insufficient attention to governance and institutional contexts. This study aims to systematically examine and synthesise the benefits and challenges of blockchain technology in real estate, providing evidence-based insights for practitioners and policymakers. Using a Systematic Literature Review (SLR) approach, peer-reviewed publications from 2016 to 2025 were analysed to identify blockchain applications, reported outcomes, and implementation barriers. The findings reveal that blockchain has been applied in land registration (e.g., Sweden, India, Serbia), valuation systems, decentralised housing finance, and tokenised investment platforms (e.g., Exporo, RealT). The reported benefits include reduced fraud, enhanced transaction efficiency, transparency, and expanded investment access through fractional ownership. However, regulatory uncertainty, scalability limitations, data privacy risks, and low stakeholder awareness remain key barriers. Ethical issues such as digital exclusion and data exposure also require further consideration. Compared with the more advanced adoption observed in Europe and North America, supported by established regulatory frameworks and digital land governance initiatives, this review identifies relatively slower uptake in parts of the Asia-Pacific region, particularly in Australia and Malaysia. It highlights a critical need for future research on legal recognition, privacy-enhancing technologies, and governance frameworks, particularly regarding blockchain applications in property development and urban planning processes. By integrating technological and governance perspectives, this study provides a more comprehensive and structured understanding of blockchain adoption in real estate systems. Full article

The real estate market is a complex and dynamic sector that plays a key role in economic stability and wealth generation. In many regions, real estate assets represent around 80% of household wealth, while rising housing prices have turned access to housing into a major social and economic challenge. In this context, the availability of accurate and accessible information is essential for decision-making by buyers, investors, and public administrations. This study proposes the development of an advanced technological tool based on Artificial Intelligence and Machine Learning techniques to predict and analyze real estate market dynamics within a specific geographic area. Using the city of Madrid as a case study, the research presents a digital application capable of estimating the market value of a property by analyzing comparable recently sold properties and incorporating key housing characteristics. By entering an address and a set of property features, the system generates a precise and data-driven valuation. The results demonstrate that AI-based approaches can significantly improve the accuracy and accessibility of real estate valuation processes. The proposed methodology enables real-time price estimation, graphical comparisons, and dynamic market analysis. Furthermore, the framework is scalable and can be extended to other geographic areas where relevant data are available, providing valuable insights for both academic research and practical decision-making in the real estate sector. Full article

Smart contracts raise persistent challenges regarding compliance with traditional contract formalities, including writing, signature, notarization, and in certain transactions, registration. These issues are particularly significant in high-value and public-facing transactions such as real estate, where formalities determine legal validity, evidentiary sufficiency and publicity effects. While existing scholarly work has examined these challenges from either doctrinal or technological perspectives, limited attention has been given to how the functional roles of formalities interact with blockchain architecture, practitioner perceptions and institutional legal frameworks. This study addresses this gap through a mixed-methods approach combining doctrinal legal analysis with qualitative socio-legal research based on 27 semi-structured interviews with legal professionals including attorneys, judges, and academic scholars. The analysis is grounded in a civil law framework, with particular reference to the Jordanian legal system, while references to the European Union’s eIDAS Regulation are used illustratively to demonstrate regulatory approaches to digital authentication. The findings demonstrate that blockchain-based systems can effectively support the evidentiary and attribution functions of contractual formalities through cryptographic verification, consensus mechanisms, and automated execution. However, they do not independently satisfy formalities that perform cautionary, constitutive, protective or public order function, namely notarization and registration, which remain dependent on institutional validation and legal recognition. The analysis further shows that practitioner concerns reflect not only doctrinal constraints but also institutional roles and varying levels of technical familiarity. To address these limitations, the study proposes a function-based analytical framework for evaluating smart contract formalities and identifies two complementary pathways for legal adaptation: (i) institutional integration, including registry-linkage systems and hybrid contracts; and (ii) technological adaptation, including digital authentication frameworks and legal oracles that connect on-chain execution to off-chain legal conditions. The study concludes that smart contract formalities’ challenges arise not solely from technological limitations, but from the interaction between legal doctrine, institutional structures, and system design. It advances a functional framework for aligning automation with the evidentiary, protective, and publicity functions of contractual formalities. Full article

The smart city concept has become a dominant framework for contemporary urban governance, largely driven by advances in digital technologies and data-driven decision-making. However, the prevailing technocratic orientation of smart city development risks marginalising the sociopolitical dimensions of urban governance, particularly citizen and stakeholder participation. Although smart governance frameworks increasingly recognise participation as a normative principle, limited empirical attention has been paid to the participation motivators that drive engagement among different urban stakeholder groups. This study addresses this gap by analysing the key motivators influencing stakeholder participation in urban development within a smart city context. Building on established behavioural and participation theories, the article develops an Urban Participation Motivator Model comprising four core motivators: social pressure, emotional trigger, rational motivation, and reward for participation. The model is empirically tested using quantitative survey data from 620 respondents representing four stakeholder groups in Riga, Latvia: municipal residents, municipal employees, municipal politicians, and real estate developers. Data are analysed using descriptive statistics and non-parametric methods, including the Kruskal–Wallis test. The results reveal statistically significant differences in the perceived importance of participation motivators across stakeholder groups. Emotional triggers and social pressure emerge as the most influential motivators overall, while rational motivation is particularly salient for professional stakeholders. Reward for participation plays a weaker but differentiated role, being most relevant for municipal employees. These findings highlight the need for differentiated motivator-sensitive urban communication and participation strategies to enhance inclusiveness, democratic legitimacy, and long-term engagement in smart city development. Full article

Using transaction cost economics (TCE) and agency theory, this paper examines how blockchain, smart contracts, and decentralized autonomous organizations (DAOs) reconfigure financial services across payments, wealth management, real estate, and corporate governance. Three research questions are addressed: (1) What are the quantifiable efficiency gains from blockchain-based real-time settlement compared with legacy systems? (2) How do blockchain technologies reduce intermediation and agency costs in wealth management and real estate? (3) Finally, to what extent do DAOs resolve or transform traditional corporate governance problems? By combining a present-value model calibrated to U.S. Automated Clearing House (ACH) data ($86.2 trillion in annual volume), comparative institutional analysis, and synthesis of empirical evidence from pilot implementations and on-chain governance metrics, this paper makes three principal contributions. First, real-time settlement yields approximately $12 billion in annual opportunity cost savings at the baseline 7.5% discount rate, with sensitivity analysis producing a range of $8–15 billion. The majority of gains accrue from moving to same-day or within-hour settlement. Second, tokenization and smart contract escrow substantially reduce real estate intermediation costs, blockchain-based digital identity streamlines wealth management onboarding, and a stablecoin taxonomy classifies fiat-collateralized, crypto-collateralized, and algorithmic designs by risk profile. Third, on-chain data reveal persistent governance token concentration (Gini > 0.98) and low voter participation (typically below 10%), exposing a gap between DAO theory and practice. Blockchain-specific risks are mapped to National Institute of Standards and Technology (NIST) Cybersecurity Framework 2.0, and mechanism design solutions, such as quadratic voting and AI-assisted proposal evaluation, are proposed to address whale dominance. Effective adoption requires hybrid architecture combining on-chain automation with off-chain structures for accountability and regulatory compliance. Full article

In the context of a deep structural adjustment of China’s real estate sector and heightened macroeconomic uncertainty, quantitatively assessing the resilience of listed real estate enterprises is crucial for preventing systemic risk and promoting sustainable development. This paper proposes a multidimensional resilience evaluation framework for 37 Chinese A-share listed real estate firms using panel data from 2017–2024. An index system covering four dimensions—solvency and liquidity, profitability and cash flow, operational efficiency and asset structure, and growth and value—is constructed on the basis of financial ratios. The entropy-weighted TOPSIS method is employed to derive a composite resilience index, while principal component analysis (PCA) provides a complementary robustness check of the rankings. The empirical results indicate that (1) operational efficiency and asset structure receive the highest objective weight, followed by solvency and liquidity, whereas the weights of profitability, cash flow, and growth–value dimensions are relatively lower; at the indicator level, accounts receivable turnover, inventory turnover and the cash-to-short-term-debt ratio play a leading role, underscoring the central importance of liquidity safety and asset turnover under the “three red lines” regulatory regime. (2) Firms such as Shahe Co., Shenzhen, China, Huafa Co., Zhuhai, China and Wantong Development, Beijing, China exhibit persistently higher resilience scores, characterized by lower leverage, stronger cash buffers and faster operating turnover, whereas firms such as Yunnan Metropolitan Investment, Kunming, China, Greenland Holdings, Shanghai, China, Bright Real Estate, Shanghai, China and Rongsheng Development, Langfang, China remain at the lower tail of the resilience distribution with high leverage, tight liquidity and volatile profitability. (3) The resilience rankings obtained from entropy-weighted TOPSIS and PCA are positively and significantly correlated at the 1% level, suggesting a moderate level of consistency between distance-based and variance-based evaluation schemes. Building on these findings, this paper proposes resilience-oriented policy recommendations for regulators and managers in terms of differentiated prudential regulation, capital-structure and debt-maturity optimization, operational efficiency enhancement, and the integration of digital transformation and ESG governance. Full article

Over the last decade, prefabrication has emerged as a strategic alternative to address the global construction industry’s challenges concerning sustainability, productivity, and the housing deficit. This study analyzes the advances, benefits, limitations, and research gaps associated with its application in real estate projects between 2015 and 2025. A systematic literature review was conducted under the PRISMA protocol, which allowed for the selection of 58 high-quality articles sourced from Scopus, Web of Science, SciELO, and Redalyc. The findings highlight Asia as the leader in innovation and industrialization, while Latin America is identified as an emerging region with applications in social housing, education, and modular infrastructure. Reported benefits include reduced time and costs, improved environmental performance, and the integration of digital technologies such as BIM, 3D printing, and digital twins. Nevertheless, regulatory gaps, cultural resistance, and limited coordination among industry, government, and academia persist. The study concludes that prefabrication constitutes a transformative engine for the real estate sector, but its consolidation requires stronger regulatory frameworks, broader empirical research in Latin America, and the adoption of circular economy and digitalization strategies to ensure a sustainable and socially accepted impact. Full article

The digitisation of urban governance requires a context-sensitive method that balances operational efficiency, data security and transparency. This study proposes a context-sensitive QR code system as a conceptual framework for smart urban governance and real estate visualisation in Saudi Arabia, aligned with the strategic objectives of Vision 2030. Unlike traditional static QR code applications, the proposed system acts as a smart urban interface dynamically linking physical buildings to structured digital records and delivering role-specific information through a single scan. This system enables municipal authorities to retrieve compliance and regulatory data and allows emergency response teams to access real-time occupancy data with geographic coordinates. The proposed system enables visitors to explore curated heritage and site-based information, with each interface subject to policy-defined access rules. The proposed QR code system is evaluated by using a scenario-based computational simulation across three representative Saudi cities (Riyadh, Jeddah, and Dammam), and the results show that it significantly reduces service response time compared to manual processes while maintaining data integrity through role-based dynamic filtering. The proposed system enhances administrative efficiency and supports heritage preservation in sensitive areas such as the Al-Balad district in Jeddah city. By integrating governance, visualisation, and cultural sustainability within a simple, scalable and interactive model, the study provides an important framework for emerging smart cities in Saudi Arabia. Full article