International Journal of Real Estate Studies
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Retail Property Investment in Tanzania: Unveiling Economic, Location, and Property Factors Influencing Operational Performance in Dar Es Salaam
Full text linkThis study explores the main factors that affect how well retail property investments perform in Dar es Salaam, the economic heart of Tanzania. It looks closely at how economic conditions, properties\u27 location, and physical characteristics influence investment returns. The research uses a mixed-methods approach, combining survey data with interviews to understand what drives success in this sector. From the findings, several economic factors—such as people\u27s buying power, rental income, day-to-day costs, and how well those costs are managed—play a big role in determining performance. At the same time, where a property is located, including how accessible it is, the state of nearby infrastructure, and the type of surrounding businesses, also matter a great deal. Features of the property itself, like the quality of the building, available facilities, and how it is managed, further influence its success. The study is supported by well-established theories like the Resource-Based Theory, Location Theory, and the Theory of Performance, which help explain how internal and external factors combine to shape investment outcomes. Based on the results, the research offers practical recommendations for improving retail property performance, including better planning, improved property management, and supportive policies. These insights are particularly useful for investors, policymakers, and urban planners working in growing cities like Dar es Salaam and other parts of the developing world
Green Features: A Pathway to Climate Change Mitigation in Gombe State University (GSU), Nigeria
Full text linkThe adoption of green features in the built environment has emerged as a promising pathway towards climate change mitigation. This article explored the role of green features in mitigating climate change concerns within the Nigerian context, with a focus on the case study of Gombe State University (GSU) as a case study. The study employed a multiple approach, including literature review, case study analysis, and content analysis of relevant documents, to investigate the implementation of sustainable sustainability initiatives at GSU. Key findings from the study revealed that GSU has made a significant stride towards climate change mitigation by successfully implemented various green initiatives, including afforestation, erosion control measures, renewable energy integration, and eco-friendly waste management. Specifically, the university has planted over 3,000 seedlings (including 500 date palms and other fruit and non-fruit trees) and established a mini-animal zoo park for animal conservation. These efforts have greatly demonstrated an improved eco-friendly and conducive learning atmosphere and mitigate the effect of climate change and in return reduced the carbon footprint and erosion control. The research concluded by demonstrating that green features can be a successful strategy for Nigerian universities to combat climate change and create sustainable campuses. Thus, recommending integration of green features into institutional policies, increased awareness campaigns within the educational sector, encouraging renewable energy adoption, implementing comprehensive waste management strategies, and further research on optimizing green features for the Nigerian context. By embracing these recommendations, Nigerian universities can serve as models for climate change mitigation and sustainable development, contributing to the country\u27s efforts to achieve SDGs Goals 13
Mortgage Financing and Affordable Housing Nexus: Evidence from Developing Countries
Full text linkThe study investigated the relationship between mortgage financing and affordable housing in Kumasi, Ghana. It explores how mortgage financing influences affordable housing supply. It identified 23 banking institutions of which 11 of them are into mortgage financing. Adopting the exploratory sequential mixed method research design, the study selected banks households and, realtors as respondents using both purposive and accidental sampling techniques. The study found that, in Kumasi and Ghana, housing is affordable on paper but very expensive on the ground as none of the houses supplied on affordable housing projects are affordable to middle- and low-income earners. The study acknowledged that the high level of LtVR has made mortgage financing very expensive to ordinary Ghanaians and such calls for government-insured mortgages to make housing supply less expensive. It found that the ANOVA results from a regression analysis with a multiple R of 0.240 and R square of 0.058 shows that only 5.8% of the total mortgage lending rates are influenced by the interest rate pegged by the Bank of Ghana (BoG) and hence there is a very weak relationship between interest rate and mortgage lending rate in Ghana. The study concludes based on the findings that in Kumasi and Ghana, housing units that are supplied using mortgage financing by the government realtors are more expensive than those built by private estate developers with or without mortgages. Hence a complete reform of the mortgage policy to include government-insured mortgages to make the secondary mortgage market attractive was recommended
A Review of Benefits and Risks of Outsourcing Building Operation and Maintenance
Full text linkOver the past few years, there has been a growing trend and high demand for outsourcing as a procurement strategy in the field of building operations and maintenance. Successful outsourcing can bring numerous advantages to organisations, encompassing a wide range of benefits. However, if outsourcing fails, there are substantial risks that organisations may face. The objective of this paper is to analyse the current literature concerning the advantages and disadvantages of outsourcing building operations and maintenance. Additionally, it aims to compile the findings and identify any potential research gaps in the existing body of knowledge. A comprehensive search through a systematic review of the literature was conducted across numerous journals. Key terms derived from the initial literature review are used first to categorise whether the studies address outsourcing benefits, risks, motivations, or issues. The benefits and risks of outsourcing building operations and maintenance construct were then identified using content analysis methodology and an inductive coding technique. Through a methodological and well-organised approach, this paper offers an extensive collection of previously recognised benefits and risks of outsourcing building operations and maintenance. The findings of this paper indicate several expected benefits of outsourcing building operation and maintenance, including cost savings, a focus on core functions, quality improvement, reduced capital expenditure, increased economic efficiency, and greater flexibility. This paper also classifies the risk of outsourcing building operations and maintenance into five risk factors: client risk, vendor risk, contract risk, communication or relationship risk, and general risk. The result reveals that a well-executed outsourcing strategy assists organisations in effectively managing their building operations and maintenance tasks
Potential of Metaverse as New Technology to Improve the Property Agency Practice
Full text linkMetaverse technology is regarded as the new revolution of the internet. It is a digital world that allows users to create their own avatars to interact and socialise with others. The continued development of the metaverse will change the way houses are viewed and transacted in the future, improving real estate agents\u27 marketing practices. This research aims to understand the awareness and perspectives of real estate agents about metaverse technology. Therefore, the first research objective is to investigate the level of awareness of metaverse technology among real estate agents in Malaysia. The second research objective is to examine the perceived benefits of adopting metaverse technology by real estate agents in Malaysia in the future. Questionnaires were distributed to real estate agents who work in Malaysia and are registered under the Board of Valuers, Appraisers, Estate Agents, and Property Managers. The collected data were analysed using frequency analysis, crosstabulation analysis, and mean score analysis. Overall, the findings show the level of awareness of metaverse technology among real estate agents in Malaysia and their perspectives on its adoption as part of their practices. Thus, this research can contribute to real estate agents, practitioners, firms, and researchers
Assessment of Construction Practitioners’ Knowledge Sharing Attitude in Construction Projects in Nigeria
Full text linkIndividuals such as construction practitioners (CPs) are the focal point of knowledge sharing (KS). KS plays a cardinal role in knowledge management (KM). It is recognised as one of the most crucial aspect of KM which leads to better performance of organisations and construction projects. Literature has shown that KS success is largely driven by individual level variables such as attitude. Studies on KS largely neglect the individual level variables, e.g. perception, motivation and attitude. Hence, there is a lack of knowledge on the influence of the determinants of attitude on construction practitioners’ (CPs’) KS attitude. Therefore, this study aimed at assessing the influence of the determinants of attitude on CPs\u27 KS attitude in construction projects with a view to improving knowledge sharing among CPs. The determinants of KS attitude and their components were identified from literature and were used to conduct a survey to assess the CPs\u27 KS attitude. Quantitative method was adopted for this research and the data were collected using structured questionnaire administered to 174 Construction practitioners using Stratified Random Sampling. Data were analysed using Structural Equation Modelling. The study identified six determinants of KS attitude with four independent (perceiver, target, intensity and persistence) and two dependents (cognitive and affective). It was found out that the CPs perceiver, target, intensity and persistence as determinants of KS has influence on KS attitude. The study also found a high significant influence between measures of CPs’ motivation (intensity & persistence) KS attitude compared to measures of their perception (perceiver & target) and the strongest influence is between CPs intensity and their cognitive. The study concludes that CP’s as the perceivers and KS as what is been perceived (target) do not affect CPs knowledge sharing attitude, instead intensity and persistence (motivation) does. This study recommends that CPs should be educated about their perception of KS. The study recommends that construction practitioners level of motivation should be increased because motivation is what derives them to share knowledge rather than perception
Strategic Pathways to Sustainable Development: A Comprehensive Review of the Benefits and Barriers of Green Buildings
Full text linkAs environmental concerns grow globally, green building practices have become essential in promoting sustainable development. This paper provides a comprehensive review aimed at evaluating the multifaceted benefits, barriers, and strategic pathways related to the implementation of green buildings. The study employs a systematic literature review, analysing 90 significant studies from databases such as Scopus, Google Scholar, and Web of Science, to assess the economic, environmental, and social impacts of green building practices. The results highlight that green buildings offer substantial benefits, including reduced energy consumption, improved indoor air quality, enhanced occupant health and productivity, and long-term cost savings. Despite these advantages, the widespread adoption of green building practices faces considerable challenges, notably high initial construction costs, regulatory obstacles, and limited awareness among stakeholders. Furthermore, the study identifies significant gaps in the existing literature concerning the regional and contextual variations in the effectiveness of green building strategies. The implications of this research are crucial for policymakers, developers, and industry professionals who are working towards sustainable urban development. The findings suggest that overcoming the identified barriers requires coordinated efforts, including the implementation of supportive policies, financial incentives, and extensive public education campaigns. By addressing these challenges, green buildings can play a pivotal role in achieving global sustainability goals and fostering resilient, eco-friendly urban environments
Condition Precedents to the Extension of Time (EOT) Claims in Building and Infrastructure Projects: A Review of the Malaysian Litigation Cases
Full text linkDelays in building and infrastructure construction projects are a persistent issue that significantly affects the project completion and often results in legal disputes, increased costs, and reduced productivity. Generally, building and infrastructure construction contracts include Extension of Time (EOT) provisions to address delays and to protect the contractor from liquidated damages and penalties due to neutral events and delays caused by the employers. However, EOT claims frequently entangled with disputes due to contractors’ failure to fulfil the condition precedent required for such claims. This purpose of the study is to identify issues relating to the condition precedent for Extension of Time (EOT) claims based on the Malaysian litigation cases and to analyse the ground of judgment on Extension of Time (EOT) claim. The study examines building and infrastructure construction-related cases reported in the Malayan Law Journal (MLJ) from 2013 to 2023. A systematic methodology that incorporates a comprehensive literature review and data collection from court cases using PRISMA guidelines was employed in this research. The findings reveal several issues relating to condition precedent to EOT claims, which are notification requirements, causation, criticality of delay, substantiation of claims, and mitigation efforts. The analysis to the grounds of judgment on EOT claim litigation cases shows that courts often examine whether proper and timely notices were given as required by the contract, the need for clear and convincing evidence to establish the causation of delays, the criticality of the delay events and their impact on the project\u27s critical path, the substantiation of claims with adequate documentation, and the contractor\u27s efforts to mitigate delays. This study contributes to the understanding and raising awareness for contract parties to fulfil the condition precedent to EOT claims. The findings provide significant insights for the project stakeholders in improving claim management practices and reducing time-related disputes in the construction industry
Factors Influencing Compliance with Physical Planning Regulations in Gated Communities of Ibadan Municipality, Nigeria
Full text linkRecently, there has been an upsurge in problems of non-compliances with physical planning regulations in gated communities in Ibadan. This study examines factors influencing compliance with physical planning regulations in gated communities of Ibadan Municipality, Nigeria. Multistage sampling technique was employed in selecting 268 buildings from 23 gated communities in the five (5) local government areas (LGAs) of Ibadan Municipality. Findings revealed that effectiveness of administrative practice was the highest predictor of residents’ compliance with physical planning regulations in the study area. Next to this is the residents’ socioeconomic characteristics as a significant relationship was established between marital status (χ2 = 0.630; p ≤ 0.05), residents’ income (F = 2.286; p = 0.104 < 0.05) and level of awareness of development control regulations. The study concluded that different factors influence residents’ compliance with development control regulations at varying degrees. Therefore, there is the need to enhance these factors to positively improve residents’ level of awareness of development control regulations and further influence their compliance with planning regulations in the study area
Relationship Between Tenant Characteristics and Lease Performance Indicators in Nigeria: A Case Study in Ibadan
Full text linkThis study examined the relationship between tenants’ characteristics and lease performance indicators in Ibadan, Nigeria. The Data for this study were obtained from the Estate Surveying and Valuation firms, and information on tenant characteristics was obtained from the tenant’s acquaintance forms in their portfolio. Out of the one hundred and five (105) Estate Surveying and Valuation firms surveyed, only 85 (80.9%) provided access to the required data for this study. The totality of cases identified (through the records of the Estate Surveying and Valuation firms) suitable for the analysis was one hundred and seventy (170) tenants, which accounted for tenants who were expected to have spent at least two years in their rented accommodation, representing 80.9% complete responses on information on the tenants. The data from the retrieved copies of the questionnaire were analysed using frequency distribution tables, factor analysis, weighted mean score and correlation analysis. Findings from the factor analysis revealed that affordability was the most significant criterion considered by property managers for tenant selection. Findings from the weighted mean score further revealed that affordability was seen as the most significant factor that measures lease performance in the study area, corroborating the findings of the factor analysis. The correlation analysis revealed that there was a strong positive correlation between tenants\u27 characteristics and lease performance. In ensuring the success of rental properties, this study emphasised the crucial role of a meticulous tenant selection process by highlighting tenant characteristics such as tenants\u27 financial capabilities, vetted personal information, solid references and guarantors, and demographic characteristics amongst others that are essential in the tenant selection process. The study recommended that property managers should keenly take into consideration the abovementioned tenant characteristics to ensure lease performance and, in turn, residential property investment performance to ensure the investors meet their investment objectives