Real Estate Knowledge and the Development of a Real Estate Curricula for African Universities

Real estate education across the globe has, at its core, certain universal and value-neutral skills and knowledge. This knowledge has developed over decades to reflect the functions of specific market structures which characterise real estate markets. Moreover, it is reflective of the maturity of re...

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Main Authors: Rachel Mirembe, François Viruly
Format: Article
Language:English
Published: University of Cape Town Libraries 2018-12-01
Series:Journal of African Real Estate Research
Subjects:
Online Access:https://journals.uct.ac.za/index.php/JARER/article/view/692
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author Rachel Mirembe
François Viruly
author_facet Rachel Mirembe
François Viruly
author_sort Rachel Mirembe
collection DOAJ
description Real estate education across the globe has, at its core, certain universal and value-neutral skills and knowledge. This knowledge has developed over decades to reflect the functions of specific market structures which characterise real estate markets. Moreover, it is reflective of the maturity of real estate markets, and as such, the tools developed reflect specific market structures. Real estate analysts are becoming increasingly interested in real estate markets in emerging economies. The challenge facing these analysts is that the dominant real estate theory is based on mature markets within an industrialised context and therefore do not accurately reflect real estate markets in emerging economies. The generic context of real estate markets in emerging economies tends to be characterised by a dual economy, a lack of transparency in the markets, high levels of uncertainty and the existence of communal/customary and informal rights in the ownership of real estate. Hence, this study examines the real estate academic syllabus taught by universities in Sub-Saharan Africa. In doing so this ongoing research aims to assess and understand the differences that exist between the real estate programmes and examine the direction that these programmes could take in an emerging country context.
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spelling doaj.art-d51c31ae700a4bd7885662192e456b5d2022-12-22T03:47:44ZengUniversity of Cape Town LibrariesJournal of African Real Estate Research2304-83952018-12-013291710.15641/jarer.v3i2.692537Real Estate Knowledge and the Development of a Real Estate Curricula for African UniversitiesRachel Mirembe0François Viruly1Department of Construction Economics and Management, University of Cape TownDepartment of Construction Economics and Management, University of Cape TownReal estate education across the globe has, at its core, certain universal and value-neutral skills and knowledge. This knowledge has developed over decades to reflect the functions of specific market structures which characterise real estate markets. Moreover, it is reflective of the maturity of real estate markets, and as such, the tools developed reflect specific market structures. Real estate analysts are becoming increasingly interested in real estate markets in emerging economies. The challenge facing these analysts is that the dominant real estate theory is based on mature markets within an industrialised context and therefore do not accurately reflect real estate markets in emerging economies. The generic context of real estate markets in emerging economies tends to be characterised by a dual economy, a lack of transparency in the markets, high levels of uncertainty and the existence of communal/customary and informal rights in the ownership of real estate. Hence, this study examines the real estate academic syllabus taught by universities in Sub-Saharan Africa. In doing so this ongoing research aims to assess and understand the differences that exist between the real estate programmes and examine the direction that these programmes could take in an emerging country context.https://journals.uct.ac.za/index.php/JARER/article/view/692real estate educationreal estate curriculaemerging economiessub-saharan africa
spellingShingle Rachel Mirembe
François Viruly
Real Estate Knowledge and the Development of a Real Estate Curricula for African Universities
Journal of African Real Estate Research
real estate education
real estate curricula
emerging economies
sub-saharan africa
title Real Estate Knowledge and the Development of a Real Estate Curricula for African Universities
title_full Real Estate Knowledge and the Development of a Real Estate Curricula for African Universities
title_fullStr Real Estate Knowledge and the Development of a Real Estate Curricula for African Universities
title_full_unstemmed Real Estate Knowledge and the Development of a Real Estate Curricula for African Universities
title_short Real Estate Knowledge and the Development of a Real Estate Curricula for African Universities
title_sort real estate knowledge and the development of a real estate curricula for african universities
topic real estate education
real estate curricula
emerging economies
sub-saharan africa
url https://journals.uct.ac.za/index.php/JARER/article/view/692
work_keys_str_mv AT rachelmirembe realestateknowledgeandthedevelopmentofarealestatecurriculaforafricanuniversities
AT francoisviruly realestateknowledgeandthedevelopmentofarealestatecurriculaforafricanuniversities