An Analysis of Relative Inflation Hedging Capacities of Prime Commercial Properties in Lagos

TENIGBADE

An Analysis of Relative Inflation Hedging Capacities of Prime Commercial Properties in Lagos

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An Analysis of Relative Inflation Hedging Capacities of Prime Commercial Properties in Lagos

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Abstract

The major concern to any investor is the achievement of the desired return of investment as well as his return on investment. Real estate has an age long reputation of being perceived as a hedge against inflation, a fact for which various empirical studies undertaken in some other countries have produced varying results. In this line, the study was aimed at empirically establishing the inflation hedging properties (or otherwise) of commercial properties in prime locations of Lagos state. To achieve this, the Ordinary Least Square model as proposed by Fama and Schwert (1977) was used to regress real estate rates of returns against actual, expected and unexpected inflation rates. The results show that, for prime locations around Victoria Island and Ikoyi, commercial properties provide a perverse hedge against actual inflation, Whereas, commercial properties within Ikeja and environs have been seen to present a complete hedge against actual inflation.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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How to Cite This Article

TENIGBADE. 1970. "An Analysis of Relative Inflation Hedging Capacities of Prime Commercial Properties in Lagos". Global Journal of Human-Social Science - C: Sociology & Culture GJHSS-C Volume 11 (GJHSS Volume 11 Issue C10).

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GJHSS Volume 11 Issue C10

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords

commercial properties inflation inflation hedging Lagos

Classification

GJHSS-C Classification FOR Code: 140207

Submission ReceivedOctober 25, 2011
Peer Review Double Blind
Handling Editor
Accepted November 20, 2011
Published December 1, 2011

Version of record

v1.2

Language

English

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Article Matrices

Total Score: 102

Country: Nigeria

Subject: Global Journal of Human-Social Science

Authors: ODU, TENIGBADE (PhD/Dr. count: 0)

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Publish Date: 2011 12, Thu

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Total Downloads: 361

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