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  • School of the Built Environment, Faculty of Technology and Environment, Liverpool John Moores University, Cherie Booth Building, Byrom Street, L3 3AF, Liverpool.
  • Dr Raymond Talinbe Abdulai is a Senior Lecturer in Real Estate at the School of the Built Environment in the Faculty... moreedit
... Page 9. 310 RT Abdulai and A. Antwi ... Duke William of Normandy (Normandy was a separate state from England which was ruled by a duke who owed homage to the King of France) invaded and conquered England in the year 1066. ...
Stock condition surveys are undertaken by every organisation in the UK that owns registered social housing. However, their reliability and accuracy have been questioned on numerous occasions. This paper investigates the accuracy of stock... more
Stock condition surveys are undertaken by every organisation in the UK that owns registered social housing. However, their reliability and accuracy have been questioned on numerous occasions. This paper investigates the accuracy of stock condition surveys and examines the extent to which the inclusion of a survey brief at the beginning of the survey process helps to make results more accurate. The quantitative research methodology has been adopted with a case study (an organisation) as the philosophical approach. Primary data was collected via a survey of 10 participants (qualified surveyors) who were asked to carry out stock condition surveys on four selected properties owned by the case study organisation. It has been established from an analysis of the data using Microsoft Excel that: the provision of a survey brief does make stock condition data collected more accurate; and surveyors have a tendency to rely too heavily on the life expectancies of components and allow this to supersede the actual condition of elements. In terms of policy implication, there is the need for organisations and government bodies that are involved in the collection of stock condition data to take the necessary steps or action in order to make the surveys more accurate by ensuring that briefs are provided for the conduct of such surveys.
Many households and businesses in developing countries are said to face credit constraints which limit their ability to undertake investments in various production-enhancing economic activities required to reduce poverty. This limited... more
Many households and businesses in developing countries are said to face credit constraints which limit their ability to undertake investments in various production-enhancing economic activities required to reduce poverty. This limited access to formal credit is often attributed to the lack of ‘acceptable’ collateral, resulting from the absence of formally registered land titles. Despite the fact that this assertion is fast gaining ground, land registration has not been found empirically to positively influence access to credit. This article seeks to critically examine the above argument and provide credible theoretical explanations as to why previous studies in the developing world have failed to establish any significant positive link between land registration and access to credit. It is argued that formalising property titles alone will not be enough solve the problem of limited access to credit in the developing world
Owing to the existence of risks in real estate development projects, there is a need for risk assessment techniques that can be used to evaluate their impact. Using Thailand as a case study, this article examines the expectations of real... more
Owing to the existence of risks in real estate development projects, there is a need for risk assessment techniques that can be used to evaluate their impact. Using Thailand as a case study, this article examines the expectations of real estate practitioners regarding risk assessment techniques. It also examines their perception of risks caused by social, technological, environmental, economic and political factors. The article is based on an exploratory survey, and data were collected through questionnaires and interviews with representatives of Thai real estate development companies. Bivariate or correlatives tests were carried out. The study revealed that Thai practitioners are concerned with the impact of economic and political risks, and that there are no systematic risk assessment techniques to deal with their consequences. Therefore, risk assessment techniques need to be developed. This article proposes an analytical network process model that can be used to assess the impact of risks in the Thai real estate industry
The development of information technology has led to strong advocacy for teachers in higher education institutions to incorporate such technology in learning and teaching activities. The generally strong support for technology supported... more
The development of information technology has led to strong advocacy for teachers in higher education institutions to incorporate such technology in learning and teaching activities. The generally strong support for technology supported teaching and learning is backed by research, for example, Sharpe et al. (2006). There are arguments that it provides opportunities for: more interactions; better engagement of students with courses; better management of learning; and enhancement of student learning experience. This study assessed the effectiveness of one of the technology supported learning (TSL) tools using online tasks. Wolverhampton Online Learning Framework (WOLF) platform was used for these discussion tasks. Generally, the findings corroborate the views that TSL enhances: learner-learner and learner-instructor interactions; student engagement; and overall student learning experience. There is, therefore, the need for university teachers to adopt appropriate TSL activities especially for online tasks where the necessary infrastructure exists.
As first level suppliers, land is vested in indigenous corporate bodies like clans/families, tribes and chiefs in sub-Saharan Africa (SSA). The corporate bodies are called traditional landholding institutions. This socio-political... more
As first level suppliers, land is vested in indigenous corporate bodies like clans/families, tribes and chiefs in sub-Saharan Africa (SSA). The corporate bodies are called traditional landholding institutions. This socio-political arrangement of landownership has, however, been described as communal landholding which does not permit individual ownership of land rights and this, it is argued impedes economic development. This paper critically examines the customary land tenure systems and concludes that they are composite with communal as well as individual landownership akin to what obtains in England. Traditional landownership systems in SSA do not appear to constrain individual ownership of land rights.
Various studies have been conducted to establish the importance of capital structure policies to the value of firms. However, how capital structure policies differ among firms in different industrial sectors has been given little... more
Various studies have been conducted to establish the importance of capital structure policies to the value of firms. However, how capital structure policies differ among firms in different industrial sectors has been given little attention. This study seeks to examine: (a) how capital structure policies differ between real estate, IT and health care industries in Sweden; and (b) the extent to which existing capital structure theories apply in these industries. The study employs the quantitative research methodology. Three data sets comprising 30 firms each in the selected industrial sectors and covering a four-year period are used. A linear regression model is applied on the different datasets to test existing capital structure theories. It has been established that capital structure policies differ significantly among the three industrial sectors in Sweden. In general, companies in the real estate industry are highly geared than those in the IT and the health care industries. The study also shows that pecking order and asset specificity theories are very important in the real estate industry. However, with the exception of tangibility, which supports the trade-off theory in the health care industry, the other theories are statistically insignificant in the IT and the health care industries.
The aim of this paper is to examine the determinants of house prices in Liverpool city as well as determine whether or not homebuyers in the present and immediate past decades value housing characteristics differently. The quantitative... more
The aim of this paper is to examine the determinants of house prices in Liverpool city as well as determine whether or not homebuyers in the present and immediate past decades value housing characteristics differently. The quantitative research methodology has been adopted and, specifically, the hedonic pricing model is employed, where a regression analysis is carried out. The empirical analysis is based on cross-section and time-series housing transaction data of about 103,730 observations, covering the period of January 1990 to December 2008. It has been established from the study that: the number of floors, public rooms, bedrooms, bathrooms, showers and WCs; time-on-the-market (TOM); condition and type of property; and availability of glazing, garden, garage and central heating are all house price determinants in Liverpool city. However, the condition of the building in terms of age has the greatest impact on house prices whilst TOM has the least impact. The study also finds that homebuyers before 2000 and after 1999 value housing characteristics differently. The former group of homebuyers value the number of public rooms, bathrooms and WCs, detached houses and non-detached houses more than the latter group of homebuyers whilst homebuyers after 1999 value the number of floors, bedrooms, gardens and showers more than the homebuyers before 2000. The study has provided useful insights regarding the factors that influence house prices in the residential property market of Liverpool city, which are very relevant to market participants and professionals in the market.
It is often argued that land registration is the answer to insecurity of landed property rights in Africa and indeed the developing world as a whole. However, a lot of studies conducted in the continent have established that land... more
It is often argued that land registration is the answer to insecurity of landed property rights in Africa and indeed the developing world as a whole. However, a lot of studies conducted in the continent have established that land registration per se cannot guarantee ownership security. This paper critically analyses the theoretical principles that underpin land registration systems to provide more insights as to why ownership security cannot be assured via land registration. It has been established that land registration plays a critical role in the economies of countries but it appears such an important role has been misinterpreted. Primarily, land registration is a record keeping system and the importance of any record keeping system cannot be overemphasised. Land registration creates a landed property ownership database that facilitates property transactions like conveyancing, title searches and taxation thereby reducing transaction costs. Land registration may contribute to security in some cases but can equally be a source of insecurity in other circumstances. The factors that actually determine ownership security include: social and legal recognition of landed property rights; availability of landed property rights dispute resolution and enforcement institutions; clear demarcation of land boundaries; and landed property ownership insurance. The policy implications of the findings are twofold: governments in Africa should promote land registration based on the right and critical role it is supposed to play; and the identified determinants of ownership security should inform policy formulation and programmes aimed at securing property ownership.