Research Focus and Agenda

What we do: Research Focus and Project Areas
 
Residential Real Estate Markets

• Structure – organisation of market elements and rules of the game (transaction costs):
  • Players;
  • Transformation;
  • Rules – explicit/tacit (state, sector, players); and
  • Market conditions (including efficiency of the market).

• Elements of the market (demand and supply):
  • Current characteristics (level of supply and demand; affordability; segmentation and disaggregation); and
  • Drivers (STEEP; viability including cost drivers, market demand, public intervention).
• Mechanics:
  • Relationship between the users and real estate; and
  • Relationship between different real estate sectors.

Commercial Real Estate Markets

• Structure – organisation of market elements and rules of the game (transaction costs):
  • Players;
  • Transformation;
  • Rules – explicit/tacit (state, sector, players); and
  • Market conditions (including efficiency of the market).
• Elements of the market (demand and supply):
  • Current characteristics (level of supply and demand; affordability; segmentation and disaggregation); and
  • Drivers (STEEP; viability including cost drivers, market demand, public intervention).
• Mechanics:
  • Relationship between the users and real estate; and
  • Relationship between different real estate sectors.

Urban Management

• Structure – organisation and managerial frameworks:
  • Players;
  • Transformation;
  • Rules – explicit/tacit (state, sector, players); and
  • Market conditions (including efficiency of the market).
• Elements of the urban management framework:
  • Pillars (local economic development, social development, community participation and sustainability);
  • Operational toolkit (finance, mentoring, training, communication, incentives, committee forms);
  • Urban facilities management;
  • Value capture;
  • Infrastructure; and
  • PPP and relationship contracting.

• Mechanics:
  • Relationship between the users and the precinct; and
  • Relationship between different real estate sectors and the precinct.

African Urban Real Estate Markets:

• Maturity of property markets in African cities
• Mega urban projects
• Impact of urbanisation on property markets in African cities
• Size of the middle class
• Macroeconomic factors impacting on property markets