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The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria
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| Zeitschriftentitel: | International Journal of Housing Markets and Analysis |
|---|---|
| Personen und Körperschaften: | , , |
| In: | International Journal of Housing Markets and Analysis, 13, 2019, 2, S. 267-280 |
| Format: | E-Article |
| Sprache: | Englisch |
| veröffentlicht: |
Emerald
|
| Schlagwörter: |
| author_facet |
Alkali, Musa Sipan, Ibrahim Razali, Muhammad Najib Alkali, Musa Sipan, Ibrahim Razali, Muhammad Najib |
|---|---|
| author |
Alkali, Musa Sipan, Ibrahim Razali, Muhammad Najib |
| spellingShingle |
Alkali, Musa Sipan, Ibrahim Razali, Muhammad Najib International Journal of Housing Markets and Analysis The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria General Economics, Econometrics and Finance |
| author_sort |
alkali, musa |
| spelling |
Alkali, Musa Sipan, Ibrahim Razali, Muhammad Najib 1753-8270 1753-8270 Emerald General Economics, Econometrics and Finance http://dx.doi.org/10.1108/ijhma-03-2019-0036 <jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>The purpose of this paper is to determine the effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>The empirical research covers a sample period of 17 years from the first quarter of 2000 to the fourth quarter of 2017. The leverage effect of Abuja’s real estate residential price volatility is determined. Exponential generalised autoregressive conditional heteroscedasticity is used to determine the ARCH shock, GARCH persistence and the leverage effect of the volatility of residential prices in Abuja.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>The research found that the volatility of real estate prices varies from one category of residential property to another. The leverage effect was found only in the price of two and three bedroom flats in Abuja.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>The findings provide useful information on the volatility of real estate prices for real estate investors. The study has policy implications for the regulation of measures that gradually checkmate the patterns of volatility in the Nigerian real estate market. It also controls negative information (such as a fall of crude oil prices, high costs of building materials, inconsistency of macro-economic policies and insecurity and political uncertainty) which mainly raises the level of uncertainty in the market and exposes investors to risk.</jats:p> </jats:sec> The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria International Journal of Housing Markets and Analysis |
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International Journal of Housing Markets and Analysis |
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| title |
The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_unstemmed |
The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_full |
The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_fullStr |
The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_full_unstemmed |
The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_short |
The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_sort |
the effect of negative information on the volatility of real estate residential prices in abuja, nigeria |
| topic |
General Economics, Econometrics and Finance |
| url |
http://dx.doi.org/10.1108/ijhma-03-2019-0036 |
| publishDate |
2019 |
| physical |
267-280 |
| description |
<jats:sec>
<jats:title content-type="abstract-subheading">Purpose</jats:title>
<jats:p>The purpose of this paper is to determine the effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria.</jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title>
<jats:p>The empirical research covers a sample period of 17 years from the first quarter of 2000 to the fourth quarter of 2017. The leverage effect of Abuja’s real estate residential price volatility is determined. Exponential generalised autoregressive conditional heteroscedasticity is used to determine the ARCH shock, GARCH persistence and the leverage effect of the volatility of residential prices in Abuja.</jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-subheading">Findings</jats:title>
<jats:p>The research found that the volatility of real estate prices varies from one category of residential property to another. The leverage effect was found only in the price of two and three bedroom flats in Abuja.</jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-subheading">Originality/value</jats:title>
<jats:p>The findings provide useful information on the volatility of real estate prices for real estate investors. The study has policy implications for the regulation of measures that gradually checkmate the patterns of volatility in the Nigerian real estate market. It also controls negative information (such as a fall of crude oil prices, high costs of building materials, inconsistency of macro-economic policies and insecurity and political uncertainty) which mainly raises the level of uncertainty in the market and exposes investors to risk.</jats:p>
</jats:sec> |
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| author | Alkali, Musa, Sipan, Ibrahim, Razali, Muhammad Najib |
| author_facet | Alkali, Musa, Sipan, Ibrahim, Razali, Muhammad Najib, Alkali, Musa, Sipan, Ibrahim, Razali, Muhammad Najib |
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| description | <jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>The purpose of this paper is to determine the effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>The empirical research covers a sample period of 17 years from the first quarter of 2000 to the fourth quarter of 2017. The leverage effect of Abuja’s real estate residential price volatility is determined. Exponential generalised autoregressive conditional heteroscedasticity is used to determine the ARCH shock, GARCH persistence and the leverage effect of the volatility of residential prices in Abuja.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>The research found that the volatility of real estate prices varies from one category of residential property to another. The leverage effect was found only in the price of two and three bedroom flats in Abuja.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>The findings provide useful information on the volatility of real estate prices for real estate investors. The study has policy implications for the regulation of measures that gradually checkmate the patterns of volatility in the Nigerian real estate market. It also controls negative information (such as a fall of crude oil prices, high costs of building materials, inconsistency of macro-economic policies and insecurity and political uncertainty) which mainly raises the level of uncertainty in the market and exposes investors to risk.</jats:p> </jats:sec> |
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| spelling | Alkali, Musa Sipan, Ibrahim Razali, Muhammad Najib 1753-8270 1753-8270 Emerald General Economics, Econometrics and Finance http://dx.doi.org/10.1108/ijhma-03-2019-0036 <jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>The purpose of this paper is to determine the effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>The empirical research covers a sample period of 17 years from the first quarter of 2000 to the fourth quarter of 2017. The leverage effect of Abuja’s real estate residential price volatility is determined. Exponential generalised autoregressive conditional heteroscedasticity is used to determine the ARCH shock, GARCH persistence and the leverage effect of the volatility of residential prices in Abuja.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>The research found that the volatility of real estate prices varies from one category of residential property to another. The leverage effect was found only in the price of two and three bedroom flats in Abuja.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>The findings provide useful information on the volatility of real estate prices for real estate investors. The study has policy implications for the regulation of measures that gradually checkmate the patterns of volatility in the Nigerian real estate market. It also controls negative information (such as a fall of crude oil prices, high costs of building materials, inconsistency of macro-economic policies and insecurity and political uncertainty) which mainly raises the level of uncertainty in the market and exposes investors to risk.</jats:p> </jats:sec> The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria International Journal of Housing Markets and Analysis |
| spellingShingle | Alkali, Musa, Sipan, Ibrahim, Razali, Muhammad Najib, International Journal of Housing Markets and Analysis, The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria, General Economics, Econometrics and Finance |
| title | The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_full | The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_fullStr | The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_full_unstemmed | The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_short | The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| title_sort | the effect of negative information on the volatility of real estate residential prices in abuja, nigeria |
| title_unstemmed | The effect of negative information on the volatility of real estate residential prices in Abuja, Nigeria |
| topic | General Economics, Econometrics and Finance |
| url | http://dx.doi.org/10.1108/ijhma-03-2019-0036 |