Economics of Real Estate Information

Felix N. Hammond and Yaw Adarkwah Antwi

Chapter 6 in Economic Analysis of Sub-Saharan Africa Real Estate Policies, 2010, pp 111-132 from Palgrave Macmillan

Abstract: Abstract Real estate markets function efficiently when driven by information regimes in which legitimate information is the same as the information that must count in market decisions. Where there are mismatches between legitimate information and the information that must count, gaps naturally emerge in the information order. If the conditions for the creation and widening of such gaps are not removed, tenure insecurity, real estate transaction constraints and social costs tend to be heightened. This chapter presents a view of the conditions that have created information gaps in some sub-Saharan African countries using the Ghanaian real estate economy together with their allied tenure insecurity and social costs. Propositions for alleviating these information gaps are consequently proffered.

Keywords: Real Estate; Social Cost; Real Estate Market; Tenure Security; Land Transaction (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27499-0_6

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DOI: 10.1057/9780230274990_6

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