Macroeconomic leading indicators of listed property price movements in Nigeria and South Africa

dc.contributor.authorOladeji, Jonathan
dc.contributor.authorYacim, Joseph Awoamim
dc.contributor.authorWall, Kevin
dc.contributor.authorZulch, Benita
dc.contributor.emailkevin.wall@up.ac.zaen_ZA
dc.date.accessioned2021-06-07T11:01:52Z
dc.date.available2021-06-07T11:01:52Z
dc.date.issued2020
dc.description.abstractThis article aims to identify macroeconomic leading indicators that influence changes in the listed property price movements in South Africa and Nigeria. This serves to improve the quantitative approaches to investment appraisal in emerging markets of sub-Saharan Africa. The data relating to macroeconomic leading indicators, including Johannesburg Stock Exchange (JSE) Listed Property (J253) quarterly price data, Nigerian listed real-estate data, and Macroeconomic indicator series for Nigeria and South Africa, were collected from Iress Expert Database, Stats SA, the Central Bank of Nigeria (CBN), the National Bureau of Statistics (Nigeria), and the World Bank. The article identifies that coincident indicators and the exchange rate have a positive and significant relationship with the JSE-listed real estate in the South African market. While the bank lending rate, the consumer price index, and the Treasury bill rate (TBR) are identified as reliable indicators in the Nigerian listed real-estate market. The results show that investors must pay attention to these indices in their choice of the market(s) within the sub-Saharan African context, as this will guarantee capital appreciation or growth.en_ZA
dc.description.departmentConstruction Economicsen_ZA
dc.description.librarianpm2021en_ZA
dc.description.urihttps://journals.ufs.ac.za/index.php/asen_ZA
dc.identifier.citationOladeji, J., Yacim, J., Wall, K. & Zulch, B. 2020. Macroeconomic leading indicators of listed property price movements in Nigeria and South Africa. Acta Structilia, 27(2), pp. 93-119.en_ZA
dc.identifier.issn1023-0564 (print)
dc.identifier.issn2415-0487 (online)
dc.identifier.other10.18820/24150487/as27i2.4
dc.identifier.urihttp://hdl.handle.net/2263/80238
dc.language.isoenen_ZA
dc.publisherUniversity of Free Stateen_ZA
dc.rights© Creative Commons With Attribution (CC-BY).en_ZA
dc.subjectIndicatorsen_ZA
dc.subjectInvestmenten_ZA
dc.subjectListed propertyen_ZA
dc.subjectPriceen_ZA
dc.subjectMacroeconomic leading indicatorsen_ZA
dc.subjectPrice movementsen_ZA
dc.subjectSouth Africa (SA)en_ZA
dc.subjectNigeriaen_ZA
dc.titleMacroeconomic leading indicators of listed property price movements in Nigeria and South Africaen_ZA
dc.typeArticleen_ZA

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