TAILIEUCHUNG - The Nascent Real Estate Investment Market in Ghana

Sunnah of the Prophet Muhammad, and it governs all aspects of personal and collective life. Overall, Shariah investment must be carried out in accordance with the fundamental principles of Islamic law. A Shariah board of Islamic scholars advises the financial institution in the development of Shariah-compliant products. The most distinctive element of Islamic banking is the prohibition of interest, whether "nominal" or "excessive," simple or compound, fixed or floating. Other elements include the emphasis on equitable contracts, the linking of finance to productivity, the desirability of profit sharing, and the prohibition of gambling. | The Nascent Real Estate Investment Market in Ghana Wilfred K. ANIM-ODAME Ghana Tony KEY and Simon STEVENSON United Kingdom Key words Residential investment real estate performance price and rental indices Ghana SUMMARY Globalisation of all forms of real estate investment has increasingly demanded that performance benchmarks of an appropriate quality and international standards be made available to investors and fund managers. For the first time in Ghana residential price and rent series are developed from hedonic models. These time series are in turn used to generate other performance indicators - measures of investment yields and total returns nominal and real - in a rapidly growing residential real estate market using transactionbased data from Accra and Tema the dominant market. Having generated performance indicators for the aggregate market this paper also conducts further quantitative analysis of tests for robustness. These take the form of estimating results for different sub-samples representing the various residential submarkets in the country. The final section provides an international context for the performance of Ghanaian residential investment market from the viewpoint of a US resident investor. Overall residential total returns have run at annualised rate made up of a relatively stable income return and highly volatile capital growth between 1992 and 2007. Across submarkets the differences in long-run returns have been in large part driven by variation in rates of rental value growth. TS 6F - Real Estate Market and Valuation Wilfred K. Anim-Odame Tony Key and Simon Stevenson The Nascent Real Estate Investment market in Ghana 1 24 Shaping the Change FIG Congress 2010 Sydney Australia 11-16 April 2010 The Nascent Real Estate Investment Market in Ghana Wilfred K. ANIM-ODAME Ghana Tony KEY and Simon STEVENSON United Kingdom 1. INTRODUCTION The development of real estate performance indicators such as value indices yields and total returns - real and .

• Đầu tư Bất động sản
• Fruit Transpiration
• Mechanisms
• Involvement
• Prostaglandins
• Pathophysiology of Endometriosis
• Genetic Polymorphisms
• Nitrogen Cycle
• Azospirillum Inoculation
• Selenium Metabolism
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