{"title":"Modelling of Daily Price Volatility of South Africa Property Stock Market Using GARCH Analysis","authors":"T. Fateye, O. Ajay, Cyril Ajay","doi":"10.15396/afres2021_013","DOIUrl":"https://doi.org/10.15396/afres2021_013","url":null,"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.","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132434174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Measuring Performance of Risk-Return in Residential and Commercial Real Estate Investments in South-South, Nigeria","authors":"J. Effiong","doi":"10.15396/afres2021_010","DOIUrl":"https://doi.org/10.15396/afres2021_010","url":null,"abstract":"The study measures the risk-return performance of residential and commercial real estate investments in South-South, Nigeria from 2009 to 2018. The study adopted the survey research design and purposive sampling technique was used to select estate surveying and valuation firms. Data was analysed using mean total returns, standard deviation and analysis of variance. The test of the first hypothesis indicates that residential real estate investment in Port Harcourt has the highest mean total return and performed better than Calabar and Uyo and implies that total returns of residential real estate investments are significantly different in the study area. For commercial property, Uyo outperformed that of Calabar and Port Harcourt in terms of return. The second hypothesis results indicate that location of property is a significant determinant of risk. The result shows that the mean risk in Port Harcourt for residential real estate investment is significantly different from the risk in Calabar and Uyo. This implies that there is significant difference between risks of residential properties in the study area. For commercial property investment risk, the result shows the risks of investment in offices are higher than shops. For location, Uyo commercial properties produced the highest risk.","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"95 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121715571","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Facilities Management of Sports Infrastructure in Tanzania: A Case Study of the Stadia in Dar Es Salaam","authors":"C. Lucian, Peris Leguna","doi":"10.15396/afres2021_017","DOIUrl":"https://doi.org/10.15396/afres2021_017","url":null,"abstract":"","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116919108","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Assessment of the Predictive Performance of Moving Average, Regression Analysis, Exponential Analysis and Natural Logarithm in Determining Future Property Values","authors":"J. Kampamba, Kefilwe Seketeme","doi":"10.15396/afres2021_029","DOIUrl":"https://doi.org/10.15396/afres2021_029","url":null,"abstract":"","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116007654","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Role of Effective Market Research in Sustainable Commercial Real Estate Investment Decisions in Developing Economies","authors":"J. Nworah","doi":"10.15396/afres2021_014","DOIUrl":"https://doi.org/10.15396/afres2021_014","url":null,"abstract":"","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126348904","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Perception on Modular Construction for Low-Income Housing in South Africa","authors":"Prisca Simbanegavi, Pride Ndlovu","doi":"10.15396/afres2021_015","DOIUrl":"https://doi.org/10.15396/afres2021_015","url":null,"abstract":"","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130170046","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The South African Municipal Valuation Standards for Property Rating","authors":"R. Naidoo","doi":"10.15396/afres2021_027","DOIUrl":"https://doi.org/10.15396/afres2021_027","url":null,"abstract":"","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115992269","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Interventions of Customary Land Secretariats in Ghana","authors":"G. Akwensivie","doi":"10.15396/afres2021_019","DOIUrl":"https://doi.org/10.15396/afres2021_019","url":null,"abstract":"","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129775826","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What Property Attributes are important to UK University Students in their Online Accommodation Search?","authors":"Saheed Ajayi, Olayiwola Oladiran, Adesola Sunmoni","doi":"10.15396/afres2021_004","DOIUrl":"https://doi.org/10.15396/afres2021_004","url":null,"abstract":"","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128645564","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exploring the correlation between cost perception and uptake of solar energy solutions in the Zambia Housing Sector","authors":"S. Zulu, E. Zulu","doi":"10.15396/afres2021_005","DOIUrl":"https://doi.org/10.15396/afres2021_005","url":null,"abstract":"","PeriodicalId":359799,"journal":{"name":"The Future of the African Real Estate Sector: What Next? The 20th Annual AfRES Conference","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127365583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}