dc.contributor.author | Katiti, Augustine James | |
dc.contributor.author | Omanwa, Clemence Niyikiza | |
dc.contributor.author | Mwaniki, Gillian | |
dc.contributor.author | James, Naomi | |
dc.date.accessioned | 2023-04-03T14:45:10Z | |
dc.date.available | 2023-04-03T14:45:10Z | |
dc.date.issued | 2020-07 | |
dc.identifier.citation | Katiti, A. J., Omanwa, C. N., Mwaniki, G., James, N. (2020). Influence of Land as Factor of Production on Growth of Commercial Real Estates in Machakos County, Journal of Entrepreneurship & Project Management, 4(2), 68-93. | en_US |
dc.identifier.uri | http://repository.kemu.ac.ke/handle/123456789/1429 | |
dc.description.abstract | There has been a slow growth in the commercial real estates in Kenya as compared to the demand
of the houses. Demand for housing units continues to outstrip the supply; property developers in
Kenya have in the recent years considerably scaled down their construction activities, pointing to
a struggling property sector. In 2018 the real estate sector in Kenya recorded its slowest annual
growth in four years, giving weight to property market reports that signaled a slump in demand
despite increased supply of new housing units. The purpose of the study was to establish the
influence of land as a factors of production on the growth of commercial real estate in Machakos
County. The study adopted a cross-sectional survey research design. The target population for this
study was made up of 374 registered property developers with Kenya Property Developers
Association operating in Machakos County. Census approach was used to study all the 374
registered property developers. Prior to commencement of the actual study, 40 respondents from
Kajiado, a neighboring county to Machakos were used in a pilot study to pre-test the research
instrument. The researcher triangulated both structured questionnaires and open ended interview
guide to gather and saturate data from the respondents. While the interview guides were bent to
gather in-depth qualitative data from the real estate agents, the structured questionnaire was used
to collect quantitative data from the respondents who develop the real estates. Both quantitative/
numerical data and qualitative/ descriptive data were collected using structured questionnaire and
unstructured interview guide respectively. Qualitative data was analyzed using descriptive
statistics while quantitative data was analyzed using inferential statistics. Time series was also be
utilized in this study. Statistical Packages for Social Sciences (SPSS) software was used for higher
statistical computations. The findings revealed that there was a positive and significant relationship
between land and growth of commercial real estate in Machakos County. Based on the findings
the study concluded that land is an important factor in determining the growth of commercial real
estate in Machakos County. The study therefore recommended that before considering investing
in commercial real estate in Machakos County, the investors should consider a number of aspects
regarding land such as land location, land size, the general appearance of the land, accessibility
and the price of the land and most importantly the legitimacy of the land. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Journal of Entrepreneurship & Project Management | en_US |
dc.relation.ispartofseries | Vol 4;(2) | |
dc.subject | Land, Growth of Commercial Real estate, Investors, Developers, Machakos County. | en_US |
dc.title | Influence of Land as Factor of Production on Growth of Commercial Real Estates in Machakos County | en_US |
dc.type | Article | en_US |