1st Edition

Real Estate, Construction and Economic Development in Emerging Market Economies

    404 Pages
    by Routledge

    404 Pages 1 B/W Illustrations
    by Routledge

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    Real Estate, Construction and Economic Development in Emerging Market Economies examines the relationships between real estate and construction sectors and explores how each sector, and the relationships between them, affect economic development in emerging market economies (EMEs).

    Throughout the book, the international team of contributors discuss topics as diverse as real estate finance and investment, housing, property development, construction project management, valuation, sustainability and corporate real estate. In doing so the book demonstrates how the relationship between construction and real estate impacts on economic development in countries such as Argentina, Brazil, Colombia, China, Ghana, Nigeria, Turkey, Lithuania, Hungary and Slovenia.

    Topics include:

    • the role of real estate brokerage in improving the living standards of citizens;
    • the effect of a mineral boom on construction cycles, real estate values and the socio-economic conditions of people in boom towns and cities;
    • corporate real estate management practices and how they affect economic growth; and
    • the synergies between construction and real estate and how they, in turn, affect economic development.

    This book will be of interest to those studying and researching real estate, construction, development studies, urban economics and emerging market economies.

    1. Prologue Raymond T. Abdulai, Franklin Obeng-Odoom, Edward Ochieng & Vida Maliene Part I Links Between Real Estate and Construction Studies and Economic Development 2. Oil, Construction and Economic Development Franklin Obeng-Odoom 3. Constructıon, Real Estate Mortgage Market Development and Economıc Growth ın Turkey Işıl Erol 4. A Causal analysis between Construction, Real Estate and Economic Growth – A Case Study Slovenia Maruska Subic Kovac 5. The Ups and Downs of the Real Estate Market and its Relations with the rest of the Economy in China Meine Pieter van Dijk Part II Construction and Economic Development 6. Managing Cultural Changes in Construction Projects in Emerging Economies/Markets Edward Ochieng 7. Sustainable Construction in Emerging Economies Andrew Price & Edward Ochieng 8. Economic, Technological and Structural Demands of the Construction Industry in Emerging Markets South of the Sahara: A Case Study of Ghana Divine K. Ahadzie 9. Challenges of Infrastructure Procurement in Emerging Economies and Implications for Economic Development: A Case Study of Ghana Nii Ankrah, Joseph Mante & Issaka Ndekugri Part III Real Estate and Economic Development 10. Management of Real Estate Market Information and Economic Development in Developing Countries Raymond T. Abdulai & Anthony Owusu-Ansah 11. Informal Real Estate Brokerage as a Socially-embedded Market for Economic Development in Africa Franklin Obeng-Odoom 12. Student Housing Development and Economic Development Eric Yeboah 13. Real Estate and Social Inequality in Latin America: Approaches in Argentina, Brazil, Chile and ColombiaClaudia B. Murray 14. Corporate Real Estate Management in Africa: A Case Study of Nigeria Timothy Tunde Oladokun 15. Property Markets and Real Estate Valuation Practice in Central and Eastern Europe - Slovenia, Hungary, Poland and Lithuania Vida Malienė, Isabel Atkinson, Maruška Šubic Kovač, Andrea Pȍdör, Judit Nyiri, Mizseiné, Robert Dixon-Gough, Józef Hernik, Maria Pazdan, Rimvydas Gaudėšius & Virginija Gurskienė 16. Conclusion Raymond T. Abdulai, Franklin Obeng-Odoom, Edward Ochieng & Vida Maliene


    Raymond T. Abdulai, PhD, MPhil (Cantab), PGCTLHE, BSc (Hons) [First Class], MRICS, MGhIS, FHEA, is a Senior Lecturer in Real Estate at the Department of Built Environment, Liverpool John Moores University (LJMU), UK. Prior to his appointment at LJMU, he worked at the School of Technology, Wolverhampton University as a Post-doctoral Research Fellow and Lecturer. He lectured at Kwame Nkrumah University of Science and Technology in Ghana where he also practised as a chartered general practice surveyor before commencing his academic career in the United Kingdom. Raymond’s research interests span various facets of real estate including: real estate economics, management, finance, investment, valuation and development; land dispute resolution, especially in the developing world; emerging real estate markets; and landed property rights. He has published extensively in reputed international journals, edited textbooks and conference proceedings. He has three textbooks to his credit and has edited four textbooks. Raymond is currently the Editor-in-Chief of Journal of International Real Estate and Construction Studies. He is a reviewer to various international journals as well as serves on the editorial boards of various international journals.

    Franklin Obeng-Odoom, PhD, MSc, BSc (Hons) [First Class], is a Senior Lecturer in Property Economics at the School of the Built Environment and a member of the Asia Pacific Centre for Complex Real Property Rights at the University of Technology, Sydney. His doctoral work was supervised by Frank Stilwell, Australia's first full professor of political economy and well know public intellectual. Franklin's research interests are in political economy of cities, real estate and economic development. He has published widely on real estate and economic development more broadly in journals of international repute. He has also taught in the "Political economy of development" program at the University of Sydney, Australia. Franklin is Associate Editor of "African Review of Economics and Finance" and "Journal of Sustainable Development", and the Book Review Editor of "Journal of International Real Estate and Construction Studies". He serves on the editorial board of "Urban Challenge" (Urbani Izziv).

    Edward Ochieng, PhD, PGCHE, MSc, BSc (Hons), FHEA, FAPM, is a Senior Lecturer in Project Management at the Department of Built Environment, Liverpool John Moores University (LJMU), UK. Edward’s research interests include: Multicultural project team performance, value creation, portfolio management, return on investment in projects, stakeholder management, project governance, project culture, project integration, modelling technology and sustainability in construction. He has presented in both national and international conferences, such as Association of Researchers in Construction Management (ARCOM), Australian Universities Building Educators Association (AUBEA), CIB World Congress, American Society for Engineering Education (ASEE) and International World of Construction Project Management whereby he has shared his knowledge on ‘Global Project Teams, Project Complexity, Project Performance and Project Team Integration’. Edward has authored, co-authored and contributed to one book and over 40 refereed papers. His research into project management is mainly concerned with people experiences and organisational challenges of managing projects in developing and developed nations. He has extensive experience in all aspects of the heavy engineering development project life cycle.

    Vida Malienė, PhD, MSc, BSc (Hons), FHEA, is a Reader in Property and Planning Studies at the Department of the Built Environment and an active member of the Built Environment and Sustainable Technologies (BEST) Research Institute, both at Liverpool John Moores University (LJMU), UK. Vida is a Visiting Professor at the Institute of Land Management and Geomatics in Aleksandras Stulginskis University, Lithuania. Her research focuses on Property and Planning including such related subjects as Spatial and Urban Planning, Urban Regeneration and Sustainable Communities, Land Management and Economics, Property Valuation and Taxation. Vida has published over fifty scientific papers in International peer-reviewed academic journals and conference proceedings, a book/monograph, eleven book chapters and several journal editorials. She is a member of Executive Board of European Academy of Land Use and Development (EALD) in Zürich, member of the European Group of Operational Research, the International Council of Research and Innovation in Building and Construction (CIB) and the Lincoln institute of Land Use Policy in the US.