The property market maturity framework and its application to a developing country: the case of Nigeria

Solomon Akinbogun, Colin Jones, Neil Dunse

Research output: Contribution to journalArticle

6 Citations (Scopus)
485 Downloads (Pure)

Abstract

In this paper, we explore the concept of property market maturity as it relates to the residential property market in Nigeria. It builds on the market maturity framework, which was primarily developed to compare office property markets in European countries. We adapt the market maturity criteria to incorporate a checklist of characteristics applicable to a developing country. It recognizes the priority of place occupied by information in the determination of property market maturity in European office markets but argues that this stems from a sophisticated land registration system. The level of compliance with planning is an important criterion affecting the state of market maturity missing from the original elaboration.

Original languageEnglish
Pages (from-to)217-232
Number of pages16
JournalJournal of Real Estate Literature
Volume22
Issue number2
Publication statusPublished - 2014

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (miscellaneous)
  • Business, Management and Accounting (miscellaneous)

Fingerprint Dive into the research topics of 'The property market maturity framework and its application to a developing country: the case of Nigeria'. Together they form a unique fingerprint.

Cite this