Real Estate Investment Capitalization Issues in Emerging Markets: Reflection on Capital Market Instruments
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 01
Abstract
In spite of the potentials of the capital market, one wonders why the Nigerian real estate developer has not resorted to the use of capital market instruments for real estate financing. In light of the potentials of these instruments in real estate development financing, the study examines the issues bordering on real estate development financing using capital market instruments. Specifically, the study was guided by the following objectives: to ascertain the challenges associated with the funding of real estate development using capital market instruments in the study area, and to determine the prospects of capital market instruments in funding real estate development in the study area. The study area was the south-eastern geopolitical zone of Nigeria. A quantitative approach was chosen for this study. The population of the study was 245 comprising real estate investors\developers, Estate Surveying and Valuation firms, Primary and Federal Mortgage Bank of Nigeria, Nigeria Stock and Exchange Commission, selected Academia of Estate profession in south East, Nigeria. The primary data collected through the questionnaire were analyzed and presented using charts, Binomial test of proportion and Z-approximation test. The study found seven (7) significant challenges associated with the capital market financing of real estate development in the study area; while six (6) significant prospects of capital market funding of real estate development in the study area were found. The study recommended that policies that will impact positively on the real estate development sector of the Nigerian economy as it concerns funding should be pursued with all the seriousness it deserves; and good regulatory environment should be provide with adequate safeguard to enable investors tap into the potentials of the capital market in financing real estate development.
Authors and Affiliations
Loveline Ifeanyi Nebo, Charles Chukwunwike Egolum, Fidelis Ifeanyi Emoh
Keywords
Related Articles
- EP ID EP726707
- DOI 10.47191/jefms/v6-i1-33
- Views 61
- Downloads 0
Managing Stress and Health an Ancient Indian Scriptures Perspective
The rapid advancement of technology in modern civilization has brought about unprecedented levels of stress in people's lives, leading to various lifestyle diseases. This article delves into the ancient wi sdom found in...
Honorary Teacher Phenomenology: The Role of Knowledge Management and Transformational Leadership
This research is a development of the role of knowledge management, transformational leadership and Employee Engagement on the performance of Honorary Teachers from elementary to high school levels in the city of Makassa...
Analysis of Sharia Accounting Students' Perceptions of the Public Accounting Profession
The main task of the public accounting profession is to examine financial reports. Students in the general accounting and sharia study program are at a linear level of education with the public accounting profession. Thi...
The Effect of the HPP Law on Market Reaction: A Study on the Indonesian Stock Exchange
This study aims to examine the market reaction to tax reform. Tax reform was carried out by the government on the issue of post-covid economic recovery and responding to environmental changes. This policy has a new tax r...
The Influence of Professionalism and Education on the Ability of TNI Intelligence Soldiers to Detect Misinformation on the Resolution of Papua Using Communication Media as Moderation
The purpose of this study was to examine how professionalism, education, and communication media affect ability as well as how communication media might act as a moderator of the effects of professionalism and education...