Making property investment decisions in a market environment with poor transparency

Kadzuwa, Godfrey

Making property investment decisions in a market environment with poor transparency

Thesis / Dissertation

2023

Abstract

Access to reliable property market information for property valuation, property development appraisal, investment analysis and property investment decision-making remains a challenge in many emerging countries. Property investors in emerging markets face a significant gap in access and availability of reliable property market information but still make optimal investment decisions. The study examines how investors make property investment decisions in emerging property markets with poor market transparency. Despite most African being characterised as emerging markets, limited research has been conducted to establish how property investment decisions are made in such markets. Therefore, this research's primary objective is to answer the question, “how do investors make a property investment decision in an emerging property market like Malawi characterised by poor transparency?” An in-depth study of relevant literature and a qualitative research approach, through semi-structured interviews, was undertaken with property investors in Malawi (the unit of analysis) was followed to answer the research question. The outcome of the semi-structured interviews was coded from which critical themes were developed. This study found that investors in Malawi use a similar decision-making structure / mechanism as those in more transparent property markets; however, the depth of information is different.

Keywords

Property Studies

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