Feasibilty Analysis and Performance of Real Estate Development Projects in Kisumu City, Kenya
Abstract
Real estate comprises of four distinct sub-sectors of commercial, housing, retail and hospital.
Performance of real estate development projects in Kisumu City have been evaluated and
reported to be underperforming. The hard issues surrounding real estate in Kisumu City are
related to high inflation rate, low purchasing power of the population, unhealthy competition
from players in the industry, high cost of accessing the working capital. The purpose of the
study is to establish. Objectives of the study are; to examine influence of financial feasibility
analysis on Performance of Real Estate Development Projects in Kisumu City, to assess
influence of economic feasibility Analysis on performance of real estate development
projects in Kisumu City, to determine of influence of market feasibility analysis on
performance of real estate development projects in Kisumu City and to establish influence of
environmental feasibility analysis on performance of real estate projects in Kisumu City.
Resource dependency theory and technical efficiency theory anchors the study while the
study employed descriptive survey research design. The target population is 165 respondents
and 117 as sample size calculated using Yamane formula of 1967. Content and construct
validity of the research instruments were ensured by having the instruments reviewed by the
study supervisor while reliability was ensured by split-half method. Data was analyzed using
inferential statistical analysis of regression and correlation analyses and descriptive statistical
analysis of mean, SD, percentage and frequency counts. The results have been presented in
tables. On objective one the study reported a significant moderately strong positive
correlation between financial feasibility analysis and performance of real estate development
projects , (r=0.309; P0.001). On objective two, the study reported a significant weak
positive correlation between economic feasibility analysis and performance of real estate
development projects , (r=0.253; p0.009). On objective three, reported a significant
moderately strong positive correlation between market feasibility analysis and performance
of real estate development projects , (r=0.302; p0.002) and on objective five, the study
reported a significant weak positive correlation between environmental feasibility analysis
and performance of real estate development projects , (r=0.260; p0.007). The study
concluded that feasibility analysis of financial, economic, market and environmental factors
have got significant influence on performance of real estate development projects. The study
recommended proper and institutional policy frameworks to enhance performance of real
estate development projects
Publisher
University of Nairobi
Subject
Feasibilty Analysis and Performance of Real Estate Development Projects in Kisumu City, KenyaRights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
- Faculty of Education (FEd) [5981]
The following license files are associated with this item: