Statistical Services in Relation to Commercial Real Estate Markets and Consumer Price Statistics- Lot 1: Automatic data collection (web scraping) from commercial real estate portals
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Date:
12 Aug 2020 - 31 Aug 2021
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Project duration:
12.08.2020 - 31.08.2021
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Adam Śmietanka
Economist
Adam Śmietanka is an Economist at CASE. His areas of expertise include data analysis, data visualization, web scraping, and inflation measurement. At CASE, Mr. Śmietanka is responsible for conducting data analysis, economic research, and developing and maintaining CASE’s online monthly consumer price index. His professional experience includes an internship with PwC’s Advisory Team and a … <a href="https://case-research.eu/project/statistical-services-in-relation-to-commercial-real-estate-markets-and-consumer-price-statistics-lot-1-automatic-data-collection-web-scraping-from-commercial-real-estate-portals-2/">Continued</a>
Projects from this author:
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The challenges of VAT beyond VAT in the Digital Age
This study should consider possible improvements to the EU VAT system and assess their feasibility and likely consequences, based on the analysis of its current weaknesses, gaps, inefficiencies. As requested by the ToR, this requires a forward-looking analysis and prospective reflection, combined with and based on the retrospective assessment of the current situation. The study requires, on the one side, a thorough re-assessment of well-known problems of the EU VAT systems, which have been discussed for years by policymakers, scholars and in courts and tribunals, the solutions to which have already been long proposed in the academic as well as policy arena. On the other side, it requires a fresh view to identify new solutions to old problems, new problems and their possible solutions, as well as potential unknown problems, i.e. those that may appear in the future given the current economic, political and legal evolution and the megatrends of the EU and global society. Operationally, the activities needed to achieve the objectives of the study are straightforward. For each of the areas or angle of analysis, the study team will have to: Identify existing weaknesses and challenges of the EU VAT system, including those that may appear in the future given the likely evolution of the current situation. Design solutions to the problems identified. Assess the feasibility and consequences of the solutions identified.
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VAT Gap in the EU
The core objective of this study is to inform in an accurate, timely, understandable, and attractive manner the national administrations, Commission, academic community, and a broader audience on the value, development over time, and difference across Member States of tax gaps and related parameters. More specifically, the study will cover the VAT compliance gap, … Continued
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VAT compliance gap due to Missing trader intra-community (MTIC) fraud
Revenues generated by Value-Added Tax (VAT) play an important role in the budgets of European Union (EU) Member States (MS) and the EU; as VAT resource accounts for around 10% of EU own resource revenue and around 26% of MS’s tax revenue. Tax fraud, evasion and avoidance reduce these revenues, and undermine the tax system, affecting … Continued
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The challenges of VAT beyond VAT in the Digital Age
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Marek Peda
Marek Peda is responsible for managing research projects funded by European, national, multilateral, and private donors. Mr. Peda has over 10 years of professional experience as a project manager and in conducting research. He gained international exposure while working on projects for international organizations and academic institutions in Spain and the United States. Mr. Peda … <a href="https://case-research.eu/project/statistical-services-in-relation-to-commercial-real-estate-markets-and-consumer-price-statistics-lot-1-automatic-data-collection-web-scraping-from-commercial-real-estate-portals-2/">Continued</a>
Projects from this author:
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How the EU should prepare for the enlargement in terms of governance, policies and investments: options and choices made from a territorial perspective
In its 2023 enlargement package, the European Commission recommended that the Council open accession negotiations with Ukraine and Moldova. Moreover, it recommended that the Council grant Georgia the status of candidate country and open accession negotiations with Bosnia and Herzegovina, once the necessary degree of compliance with the membership criteria has been achieved. The … Continued
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The means for cities and regions to support the energy transition in the Mediterranean
Since February 2022, the war in Ukraine has significantly reshaped the geopolitical landscape and exacerbated the multiple challenges and tensions in the Mediterranean region. The conflict has highlighted the vulnerability of traditional energy supply routes, and the need to reassess future energy development strategies in the Mediterranean region. Like the COVID-19 pandemic, geopolitical uncertainties … Continued
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Natural disasters: anticipatory governance and disaster risk management from a local and regional perspective
The COVID-19 pandemic, the war right on our doorstep, the devastating floods in Slovenia, wildfires in Greece and Cyprus, relentless heatwaves in Italy and Spain, to name just a few: all of them highlight the need to better prepare for, cope with and recover from disasters and crises. It is one of the most important challenges for … Continued
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How the EU should prepare for the enlargement in terms of governance, policies and investments: options and choices made from a territorial perspective
The size of the commercial real estate (CRE) sector and its strong procyclicality make it a crucial pillar of macroeconomic, financial, and monetary stability of the European Union and its Member States. At the same time, as has been exposed by the 2008 crisis, high level of the CRE sector interconnectedness with both financial and real economy represents an important source of systemic risk. This highlights the importance of the CRE markets for a sound macroprudential oversight throughout the EU.
The analysis and monitoring of the CRE sector is severely hampered by the absence of common definition and internationally accepted classification of the ‘commercial real estate’ (or ‘commercial property’), as well as the lack of harmonised and accurate data on the CRE markets. This not only limits the intra-EU comparability of the national CRE sectors, but more importantly, undermines the possibility to develop comprehensive and reliable CRE indices. The latter are particularly important for the national and the EU-level statistics, macroeconomic and macroprudential oversight and policymaking, as well as individual investment decision making.
The main objective of this project is to evaluate the feasibility of producing price or rent indices for CRE from portals that advertise CRE of sale or for rent, as well as to assess the quality of the resulting indices. The project aims also to bridge data and information gaps in the commercial real estate sector.
The following activities will be carried out during the implementation phase:
(1) assess and evaluate available national CRE portals in the 21 EU Member States;
(2) develop the web scraping tool and apply it to extract the data from the selected national CRE portals;
(3) produce price and/or rent CRE indices;
(4) assess the quality of the produced indices.
Funding: Eurostat
Leader: CASE – Center for Social and Economic Research
Partner: Digital Economy Lab of the University of Warsaw
Experts involved: Misha Bonch- Osmolovskiy, Adam Śmietanka, Kateryna Karunska, Chihiro Shimizu