Impact of Economic Meltdown on Prime Residential Property Market in Lagos Nigeria

Austin Otegbulu

AfRES from African Real Estate Society (AfRES)

Abstract: The global economic meltdown of 2008 is adjudged in many circles as the worst financial crisis as it not only threatened to collapse large financial institution, but also premised the bailout of many banks the world over by their governments and also resulted in stock market downturn. The meltdown affected many business concerns and property investments. Property markets in different parts of the world were under severe threat, and their property cycle in line with the economic cycle experienced a downturn. The study aims at examining how the global meltdown affected activities in the prime residential market in Lagos, Nigeria relative to sub-prime property market. Data will be collected from developers, estate surveyors and financial institutions through both structured questionnaire and official documented information. Analysis will be based on both descriptive and inferential statistics.

Keywords: Economic-meltdown; prime-residential property; property cycle; Property Market (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2013-10-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://afres.architexturez.net/doc/oai-afres-id-afres2013-101 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:afr:wpaper:afres2013_101

Access Statistics for this paper

More papers in AfRES from African Real Estate Society (AfRES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().