3 real estate basics

Question 1

classification of touristic and leisure infrastructure: by subject

Answer 1

Land / Plot

Building –> Fixture

land lease contract: max 99 years.
when finished need to be renegotiated (if not you give the land + building to the owner.

Fixture: movable objects in the building –> by law some of them are part of the property

Question 2

classification of touristic and leisure infrastructure: by use

Answer 2

Residential / private (no need to make money, e.g. second homes)

Commercial (offices, production, commercial living (hotel, services app., old people’s home))

Question 3

classification of touristic and leisure infrastructure: by location

Answer 3

Unproductive land: mountain, lakes (25%)

agricultural area 37%

wooded areas 31%

settlement and urban areas 7%

settlement and urban areas increased, agricultural areas decreased.

Question 4

Types of location corresponding to typologies of municipalities

Answer 4

urban centers

suburban municipalities

municipalities with high income

periurban municipalities

touristic municipalities

industrial & tertiary municipalities

Rural commuting municipalities

agrarian-mixed municipalities

agrarian municipalities

Question 5

where do tourism & leisure activities take place?

Answer 5

urban center: convention center, museum, hotel, hopping malls -> lot of infrastructure needed

touristic municipalities: leisure tourism, hotel, hiking trails.

consequences: agrarian municipalities change to touristic municipalities –> more need of infrastructures, expensive!

Question 6

inside & outside of construction zone

Answer 6

sport and leisure facilities are part of the human settlement, therefore must be inside of CZ

Question 7

Facility outside of construction zone

Answer 7

if project is not in conformity with land use plan:

consequences of the project:

high: planning obligation
low: approved exemption

Question 8

criteria for planning obligations

Answer 8

spatial extension, big impact

examples where confirmed: golf course, mini golf courses, sport center with terrain counts, football fields, parking lots

Question 9

criteria for approved exemption

Answer 9

site dependency, land is developed (water, electricity)

cases where approved: small snowmaking facilities, small transport installation.

not approved: football places, tennis court

Question 10

agricultural zone - what is possible

Answer 10

agricultural zones serves for food production, preservation of landscape, recreation & ecological compensation.

exceptions: agro tourism, curative education & social therapy where connected to agriculture
criteria: inside farm area, ongoing farm activities, need for additional income is proved.

Question 11

sport & leisure facilities not contributing to agricultural core business

Answer 11

planning obligation –> farming excluded?

yes: special zone for sport facilities. golf.
no: superimposing zone (agriculture still possible) ski slopes.

Question 12

organization patterns in management of touristic real estate

Answer 12

additional services = increasing need for management

apartment: administration, facility management (easy to control)

serviced apartment: administration, facility management +, management of operations.

Hotel: administration, facility management ++, management of operations + (outsourcing more difficult)

Hotel is a managed property, apartment is not.

Question 13

GOI:
GOP:
EBITDA:

Answer 13

gross operation income

gross operating profit

Earning before interest, taxes, depreciation and amortization

Question 14

maintenance:

Answer 14

maintain usability by simple and regular measures (maintenance, repair, service subscriptions)

Question 15

Refurbishment, replacement

Answer 15

restoration of usability and safety for a specific duration (redevelopment)