IDEAS home Printed from https://ideas.repec.org/p/afr/wpaper/afres2018_119.html
   My bibliography  Save this paper

An Examination of Volatility Levels of Development Variables in Uyo

Author

Listed:
  • T. C. Archibong
  • O. A. Ogunba

Abstract

This study was aimed at examining volatility level of development variables. Data were sourced from Building and Engineering Price Books, Central Bank of Nigeria annual reports and estate surveyors and valuers in Uyo. Price index and linear regression analysis was adopted to analyse the gathered data. The indices constructed for the four variables showed that the variables were constantly changing. Construction costs and rent were constantly changing, though in a consistent upward manner. Lending rates and yields were also constantly changing but in a very inconsistent manner. The study found that construction cost and rent are functions of year and the estimated trend equation can be used to project the desired value and that interest rate and yield are not functions of the year. Therefore, appraisers in modelling interest rate and yield in risk model should be more cautious on their application and analysis.

Suggested Citation

  • T. C. Archibong & O. A. Ogunba, 2018. "An Examination of Volatility Levels of Development Variables in Uyo," AfRES afres2018_119, African Real Estate Society (AfRES).
    • Handle: RePEc:afr:wpaper:afres2018_119
    as

    Download full text from publisher

    File URL: https://afres.architexturez.net/doc/oai-afres-id-afres2018-119
    Download Restriction: no
    File URL: https://afres.architexturez.net/system/files/afres2018_119.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    construction cost; lending rate; Rent; trend; Volatility; yield;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afr:wpaper:afres2018_119. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/afresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.