Analysis of Co-Movement of Direct Commercial and Residential Real Estate Investment Returns in South Eastern Nigeria (2000-2013)

Author(s):  
Christian Ega Mfam ◽  
I. U. Kalu ◽  
Anya Igwe Kalu
2019 ◽  
Vol 11 (20) ◽  
pp. 5856
Author(s):  
Xiao Ma ◽  
Zhe Zhang ◽  
Yan Han ◽  
Xiao-Guang Yue

We undertook an autopsy of the drivers of individual foreign real estate investment ‘bust’ in Australia through a new theoretical lens of ‘habitus’. Our autopsy data drew contours around the individual foreign real estate capital ‘boom and bust’ cycle, as well as the long-term commitment of professionals in the real estate sector to Australia’s real estate market. More specifically, we showed that the foreign capital ‘boom and bust’ cycle began in earnest in about 2010 (starting at A$8.7 billion), grew to A$72.4 billion in 2016–2017, and then declined to A$12.5 billion in 2017–2018. This decline in foreign capital into Australian real estate occurred within a domestic real estate market in Sydney that also started to slow in 2017. Based on 20 semi-structured interviews with real estate professionals in Sydney and public material culture data, we found out that the off-the-plan apartment sales and global policy landscape changes contributed to the decline of foreign real estate investment in Australia. The three possible implications for Sydney’s future residential real estate development: (1) The loss of investors, (2) the evolution of the labor force, and (3) the diversification of housing products, have been raised as part of a future research road map.


2020 ◽  
Vol 9 (1) ◽  
pp. 17-33
Author(s):  
Janaína Morais de Oliveira ◽  
Bruno Milani

Este artigo tem o objetivo de analisar o risco e o retorno do Fundos Imobiliários Brasileiros no período de janeiro de 2012 até dezembro de 2017. Para isso, foi adotada a metodologia da regressão stepwise, com a finalidade de compreender a influência de cada uma das variáveis explanatórias sobre a variável dependente IFIX, que serve como proxy para os Fundos Imobiliários. Como variáveis explicativas, foram utilizados diversos índices macroeconômicos e de mercado. Os resultados apontaram que o Índice Ibovespa é a única variável que explica o retorno dos Fundos Imobiliários quando a amostra é analisada em toda sua extensão. Porém, foi verificado também que há uma quebra estrutural, a partir da qual a locação de imóveis comercias e a venda de imóveis residenciais passa a explica-los.Palavras-Chave: Fundos de Investimento Imobiliário. Mercado Imobiliário. Bolsa de Valores. VARIABLES THAT EXPLAIN THE RETURN OF BRAZILIAN REAL ESTATE FUNDSAbstract: This article aims to analyze the risk and return of Brazilian Real Estate Funds from January 2012 to December 2017. For this purpose, the stepwise regression methodology was adopted, in order to understand the influence of each on the variable IFIX, which serves as a proxy for Real Estate Funds. As explanatory variables, several macroeconomic and market indices were used. The results showed that the Ibovespa Index is the only variable that explains the return of Real Estate Funds when the sample is analyzed to its full extent. However, it was also found that there is a structural break, from which the rental of commercial real estate and the sale of residential real estate explains them.Keywords: Real Estate Investment Funds. Real Estate Market. Stock Market.


2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Adedayo Ayodeji Odebode ◽  
Timothy Tunde Oladokun ◽  
Oyeronke Toyin Ogunbayo ◽  
Joseph Bamidele Oyedele

PurposeThe upward rise of the prolonged payback period and the inability of the project to generate estimated income that has been linked with the irregular rent payments has been a major problem confronting real estate investment. Given the fact that real estate investment is a risky investment venture with a highly uncertain future stream of income, this paper examines the effectiveness of rent recovery strategies in the emerging Nigeria residential real estate practice.Design/methodology/approachThe study employed an exploratory research design. The study identified the five recovery strategies adopted by the estate surveying and valuation firms in Ibadan Metropolis, Nigeria. The study adopts a purposive sampling method to select 52 registered estate firms in the study area and a questionnaire using a five-point Likert scale was used to elicit information. The data obtained were analyzed using descriptive and inferential statistics.FindingsThe result showed that the rent recovery strategies adopted by the respondents include email approach, rent reminder notice, adequate maintenance, eviction notice and dialogue approach. The perceived top-rated strategies that could influence estimated income were dialogue and rent reminder notice. Also, the findings showed the factors that influence the choice of strategy are property type, company policy and the proportion of rent to the tenant's income.Practical implicationsThe study has an implication for real estate investors and property practitioners regarding the willingness of the investors to invest in real estate investment.Originality/valueThis paper is relevant given the fact that the rental property market is prone to risk that could impede the regular streamflow of income. This serves as a need for examination of the effectiveness of adopted rent recovery strategies as it relates to real estate property management practice and investment viability.


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