Abstract Purpose: The primary purpose of this research is to do an exploratory study on how real estate companies value their investment properties in The Gambia. The study aims also at identifying the different valuation methods and techniques they employ. Theoretical foundation: The theories we used in this study were based on existing literature and research conducted by past scholars and publishers who wrote about how real estate corporations value their investment properties. We were able to identify the study gap and develop research questions based on the literature we read. Methodology: We adopted a qualitative research method based on an exploratory research approach. The data collection method adopted is a semi-structured interview with people with the much-needed experience and knowledge in the real estate sector in The Gambia. Conducting these interviews was aimed at collecting enough information and data that can be analyzed in order to get a deeper understanding of the valuation of investment properties in The Gambia. Data collected were analyzed and interpreted through thematic analysis that helped us to identify key areas of discussion. Empirical findings: The empirical results were generated from the interviews conducted with eight informants. These findings were discussed in connection to the literature while answering the research questions and fulfilling the purpose of this research. The research findings show that real estate companies in The Gambia used the cost method, market comparable, and the mixed method. We further confirmed that the majority of real estate companies in The Gambia use the cost method as they believe this will give them the real-time value of their properties and also put a balance between overpricing and underpricing in different locations in The Gambia.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:umu-197032 |
| Date | January 2022 |
| Creators | Jammeh, Ebrima, Jammeh, Baba |
| Publisher | Umeå universitet, Företagsekonomi |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf, application/pdf |
| Rights | info:eu-repo/semantics/openAccess, info:eu-repo/semantics/openAccess |
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