Big Data

Behavioural finance, property values and housing conversion in Urban Ghana

kwakuhyiaman — Mon, 15 Nov 2021 10:23:51 +0000

Behavioural finance, property values and housing conversion in Urban Ghana kwakuhyiaman Mon, 11/15/2021 - 10:23

Abstract

In recent years, scholars have explained the factors driving the conversion of residential accommodation to retail units in African cities from an economic standpoint, which indicates high demand for property owners and high potential profit for retail tenants. Nevertheless, these economic perspectives do not elucidate the reasons behind the increasing rate of vacancies in converted retail units amidst the high demand and profit. This paper scrutinizes the rate of vacancies in converted retail units and the behavioural dimensions of conversion and renting decisions in the Greater Accra Metropolitan Area (GAMA) in Ghana. Drawing on the behavioural finance concepts of investor myopia and herding behaviour, findings revealed that the conversion and renting decisions of some property owners and retail tenants in GAMA, respectively, are based on the perceived economic gain realized by other owners and tenants and not informed by locational dynamics and other rudiments of property market analysis. The consequences of these decisions manifest in their negative impact on the exchange and use values of converted retail units. Property owners are compelled to accept lower rents, shorter leases, and external cost of repairs as opportunity costs for the vacant retail units. Retailers, dissatisfied with low level of sales, fold up or continue to relocate from one retail unit to another. The implication of this study, among others, is that the huge capital investment in housing conversion may not be realized unless conversion decisions are based on a critical analysis of the property market.

Read full paper here: https://link.springer.com/article/10.1007/s10901-021-09910-4?fbclid=IwAR1kEs5hJyBP37x0tygpV_4SJkmqt-0BvqiVientNlhAcbYrwbnQj1GODZA

Research Categories

Big Data

Researcher Name

Anthony Owusu-Ansah Research Image i

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Corporate Real Estate Management and Bank Profitability

kwakuhyiaman — Fri, 12 Nov 2021 17:21:00 +0000

Corporate Real Estate Management and Bank Profitability kwakuhyiaman Fri, 11/12/2021 - 17:21

Acquiring property for any business is capital intensive and for that matter, strategically managing such assets is considered equally important. This paper provides an analysis of the value-adding attributes of corporate real estate management (CREM) and bank performance in Ghana. The multiple regression method was applied to a cross-section of both primary and secondary data sourced from 25 commercial banks in Ghana. The study shows that the banks identify with the value-adding attributes of corporate real estate asset management even though there are variations in the level of importance to individual banks. These variations are attributable to the unique mandates of the banks. Further analysis shows that CREM has significantly positive impacts on bank profitability by strategies that help to increase innovations, increase productivity, and promote marketing and sales. The finding suggests that optimizing these CREM strategies could help increase bank profits.

Read full paper here: https://publications.ud.ac.ae/index.php/jrems/article/view/651

Research Categories

Big Data

Researcher Name

Paul Eric Tudzi Kenneth Appiah Donkor-Hyiaman Research Image i

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Digital Models for Planning and Disaster Management

kwakuhyiaman — Fri, 12 Nov 2021 16:31:00 +0000

Digital Models for Planning and Disaster Management kwakuhyiaman Fri, 11/12/2021 - 16:31

Due to the region’s proneness to occasional wildfires, the Geomatics Division at the University of Cape Town, South Africa, has conducted research and project work around the theme of 3D reconstruction plus contemporary urban mapping for planning and disaster management. This article shares some highlights.

High-resolution images derived from multiple platforms with on-board sensors provide substantial cues in urban planning and are strategic in disaster management. Where risks are prevalent, the gathered datasets present geospatial engineers with opportunities to process and document both pre- and post-disaster scenes at multiple temporal and spatial scales for delivery in 2D, 3D+ and related digital models. The image scenes themselves are also very fascinating, as they present complexities of mixed land covers, multipart roof facades, multiple spectra and at times multiple data types. For example, the availability of airborne laser scanning (ALS) and radar data presents options for fused solutions. 2D and 3D+ reconstructed models have become an eminent fundamental in planning, emergency rescue and post-disaster logistics.

Read full paper here: https://www.gim-international.com/content/article/digital-models-for-planning-and-disaster-management

Research Categories

Big Data

Researcher Name

Emmanuel Kofi Gavu Research Image i

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Creation of Ahafo region and local land market dynamics; evidence from Goaso and Nkaseim stool land areas in Ghana

kwakuhyiaman — Tue, 14 Sep 2021 11:11:35 +0000

Creation of Ahafo region and local land market dynamics; evidence from Goaso and Nkaseim stool land areas in Ghana kwakuhyiaman Tue, 09/14/2021 - 11:11

We are happy to announce a new research paper published by Dr Joseph Kidido in the Survey Review Journal: https://www.tandfonline.com/eprint/EIFZCMRXWWCYBKQKVTRH/full?target=10.1080%2F00396265.2021.1970917&fbclid=IwAR2WahMej_CsPjAu6txRGDGTr1pF59f7Z8O2cjt91IcGEJwVC0pl4HvEq3w#.YT-oyicC4QA.facebook

This study examined land market dynamics in the new Ahafo Region. The study employed qualitative survey design and interviewed varied stakeholders in Goaso and Nkaseim stools areas. The results revealed that there is a growing land market characterised by rising land access cost, land use changes and adjustments in the local landholding profile within the market frontiers. This development is underpinned by new investment opportunities associated with the new region. The local land market is currently devoid of land guards’ activities and multiple sales. Again, almost all the state institutions and allied offices mandated to carryout land administration were yet to be established at the regional level. The study underscores the need for government to speed up with the decentralisation of regional offices of the land sector agencies to support the local land governance structures as impetus for efficient land market, growth and investments in the new region.

Research Categories

Big Data

Researcher Name

Joseph Kwaku Kidido Research Image i

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