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