<abstract xmlns="http://www.w3.org/1999/xhtml"><p>There is a usual positive correlation between infrastructure development and property sales, because infrastructure development has positive externalities on property sales. However, in Bulawayo this correlation is not usually present in all aspects of properties transactions. The research seeks to find out the trends in infrastructure development and property sales in the city of Bulawayo. The research also aims to unearth some of the factors other than infrastructure development that determine property values in Bulawayo’s low-density suburbs. The research took a mixed methods approach to data collection where both qualitative and quantitative methodologies were utilised. Questionnaires were administered to the people in low income areas of Pumula, Cowdrey Park and Emganwini. In depth interviews with key informants in the real estate sector were conducted to cross fertilise and enrich the inquiry. The research found out that in most cases there is a strong correlation between infrastructure development and property sales, but in some cases, this is not the case as some forces are put in play to distort the market play. The research also discovered that apart from infrastructure, property sales in Bulawayo’s low-income residential suburbs are also affected by income, supply of houses and demand for these houses. In Bulawayo, there are bottle-necks in the supply of houses and this has distorted the market because people are taking whatever there is on the market at any price. This has reduced the influence of infrastructure development on property sales.</p></abstract>

There is a usual positive correlation between infrastructure development and property sales, because infrastructure development has positive externalities on property sales. However, in Bulawayo this correlation is not usually present in all aspects of properties transactions. The research seeks to find out the trends in infrastructure development and property sales in the city of Bulawayo. The research also aims to unearth some of the factors other than infrastructure development that determine property values in Bulawayo’s low-density suburbs. The research took a mixed methods approach to data collection where both qualitative and quantitative methodologies were utilised. Questionnaires were administered to the people in low income areas of Pumula, Cowdrey Park and Emganwini. In depth interviews with key informants in the real estate sector were conducted to cross fertilise and enrich the inquiry. The research found out that in most cases there is a strong correlation between infrastructure development and property sales, but in some cases, this is not the case as some forces are put in play to distort the market play. The research also discovered that apart from infrastructure, property sales in Bulawayo’s low-income residential suburbs are also affected by income, supply of houses and demand for these houses. In Bulawayo, there are bottle-necks in the supply of houses and this has distorted the market because people are taking whatever there is on the market at any price. This has reduced the influence of infrastructure development on property sales.

Infrastructure Development and Property Sales in Low Income Residential Properties in Bulawayo

Department of Landscape Architecture and Urban Design

National University of Science and Technology

Baltic Journal of Real Estate Economics and Construction Management

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

There is a usual positive correlation between infrastructure development and property sales, because infrastructure development has positive externalities on...

Infrastructure Development and Property Sales in Low Income Residential Properties in Bulawayo

Published Online: Aug 19, 2019

Page range: 123 - 134

DOI: https://doi.org/10.2478/bjreecm-2019-0008

Keywords
Infrastructure development, Property values, Property market, Valuation

© 2019 Chigwenya Average et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Infrastructure Development and Property Sales in Low Income Residential Properties in Bulawayo

Published Online: Aug 19, 2019

Page range: 123 - 134

DOI: https://doi.org/10.2478/bjreecm-2019-0008

KeywordsInfrastructure development, Property values, Property market, Valuation

© 2019 Chigwenya Average et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Infrastructure development, Property values, Property market, Valuation