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market. Some of these factors include the supply and demand for housing finance, land tenure security issues, construction … Construction Cost Conundrum in Africa -- 6. Slum Upgrading and Housing Alternatives for the Poor -- 7. Conclusion …
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This chapter surveys the literature on the microstructure of housing markets. It considers one-sided search, random matching, and directed search models. It also examines the bargaining that takes place once a match has occurred, with the bargaining taking various forms, including two-party...
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This paper reviews methods that can be used to value illiquid investments, with a particular focus on private equity and real estate. We discuss the traditional valuation methods, in particular the net present value (NPV) rule, and show in what circumstances these can lead to suboptimal...
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