Determinants of capital structure for real estate firms in Nairobi county
Date
2022
Authors
Yussuf, Mohamud Odon
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Real estate is one of the oldest industries in the world having existed from ancient times. Land and building ownership have been source of prestige to the owners (Roosevelt 2019). The sector both provide basic needs and returns at the same time. According to Riddiough (2004) real estate is highly capital intensive and requires considerable investments. The real estate in Kenya has recently been booming with Nairobi contributing the largest share because of being the regional hub, more housing units were upcoming due to the high demand for housing. This saw many real estate firms venturing into the business with vibrant private sector and increased appetite from foreign companies playing the biggest role. Cyton Investment (one of the real estate firms in Nairobi) shows that the real estate market has grown significantly over the past the past two decade. Tomlison (2007) indicate that African cities are experiencing some of fastest urbanization in the world. Mungai (2017) further suggest that demand for different types of real estate is increasing in Kenya with young, employed population who are willing to own homes driving the demand.
Description
A Research Project Submitted in partial fulfillment of the requirements for the Degree of Bachelor of Commerce at Strathmore University