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Journal of African Real Estate Research
Number of Followers: 8

This is an Open Access Journal

Open Access journal
ISSN (Print) 2304-8395
Published by U of Cape Town

[5 journals]

Factors Influencing Access to Urban Land for Private Housing Development
in Minna, Nigeria
- Authors: Namnso Bassey Udoekanem, Umar Nagya
  Pages: 1 - 23
  Abstract: Land is a major factor of production and a vital asset in the socio-economic development of any country or society. Due to the continuous increase in urban population, resulting in rapid urbanisation, access to urban land has become a challenge in Minna. This paper examines the factors that influence access to urban land for private housing development in the city. The study adopted descriptive and causal research designs. Data for the study were obtained from field survey through structured questionnaire administered to private housing developers in the study area using simple random sampling technique. Descriptive and inferential statistical techniques were used to analyse the data. The study found that titling and locational factors, socio-economic factors, procedural bottlenecks, land condition and accessibility are the significant factors that drive access to land for private housing development in the city. It recommends that stakeholders in land administration and management in the city should consider these factors in the land administration system to facilitate private developers’ access to land for private housing development in the city.
  PubDate: 2022-09-12
  DOI: 10.15641/jarer.v7i2.1205
  Issue No: Vol. 7, No. 2 (2022)
Modelling of Daily Price Volatility of South Africa Property Stock Market
Using GARCH Analysis
- Authors: Oluwatosin Babatola Fateye, Oluwaseun Ajayi, Cyril Ayodele Ajayi
  Pages: 24 - 42
  Abstract: The study examined the volatility of the daily market price of listed property stocks on the Johannesburg Stock Exchange (JSE) for a 10year period (2008-2017). The study used daily prices from January 2, 2008 to December 29, 2017 of twelve (12) quoted property companies out of the twenty-seven (27) listed on Johannesburg Stock Exchange (SA REIT Association, 2020). The study computed the average daily price of the selected (12) property stocks and was used as a proxy for the daily market price for the property stock market in the analysis. The study modelled SA-REIT market price volatility using generalised autoregressive conditional heteroskedasticity (GARCH 1, 1). The GARCH model reported that the previous day's information of both the daily market price (ARCH term) and the volatility (GARCH term) have a positive and significant (p<.05) effect on the current day’s daily market price volatility in the property stock market. The result of the model implies that investment in the property stock market is strongly driven by positive news on daily price than a negative shock; meaning that South Africans' investors are more sensitive and exhibit a sharp response to good news on daily market price than bad news when thinking of investing in listed property company shares on Johannesburg Stock Exchange.
  PubDate: 2022-09-14
  DOI: 10.15641/jarer.v7i2.1144
  Issue No: Vol. 7, No. 2 (2022)

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