International Peer-Reviewed Journal•Open Access•ISSN 2456-8880
irejournals@gmail.com•+91-7433024337

Home / Current Issue / Paper 1703190

1703190 Vol 5 · Issue 8 Download Paper

Legal Implication of Restriction on Developing Economist on International Real Estate as A Result of Delta Variant of COVID- 19

Onwubuya-Ezeala Stella Udobi Alexander Nnamdi

Subject area: Physical Sciences and Environment  ·  Area of research: Estate Management

Abstract

This paper examines legal implication of restriction on developing economist on international real estate as a result of delta variant of COVID- 19. The paper also examined the effect of delta variant of COVID- 19 on international real estate investments. The real estate sector is a vital part of any economy. COVID-19 has become a global pandemic affecting many countries as reported by the World Health Organization. International real estate investment has been greatly affected by the emergence of Delta variant of COVID-19 such that investors are scare of investing in international real estate. The paper recommends that developing economists and international investors should be allow to invest in international real estate provided that Delta variant of COVID-19 measures are followed. Government should provide a better legal framework that guide real estate investment.

Keywords

Legal, Developing, Economist, Real Estate, Delta Variant, Covid?19.

References

[1] Adam, D. (2021). What Scientist Know About New, Fast-Spreading Coronavirus Variants. Available online: https://www.nature.com/ articles/d41586-021-01390-4

[2] Akinbogun, S., Jones, C., & Dunse, N. (2014). The property market maturity framework and its application to a developing country: The case of Nigeria. Journal of Real Estate Literature, 22(2), 217-232.

[3] Ang, K. (2021). Delta is By Far World’s Most Dominant Coronavirus Variant, WHO Says, The Washington Post, September 22, 2021; Gross, Anna, Leila Abboud, and John Burn-Murdoch, Delta Variant Begins to Spread, Threatening EU’s Covid Progress, Financial Times, June 21, 2021. https://www.ft.com/content/d4abbe5e-8650-4a76- 9fea-2d3efa2ed52b.

[4] Armitage, L. (1996, September). Constraints to the operation of commercial property market in South-East Asia. Paper presented at RICS Cutting Edge Conference, Bristol, United Kingdom.

[5] Bill Chappell, (2020). COVID-19: COVID-19 Is Now Officially a Pandemic, WHO Says,” National Public Radio, March 11, 2020. https://www.np

[6] Binovska, I., Kauškale, L., & Vanags, J. (2018). The comparative analysis of real estate market development tendencies in the Baltic States. Baltic Journal of Real Estate Economics and Construction Management, 6, 6-23.

[7] Black Knight (2020). Mortgage Monitor April.

[8] Cavalleri, M., B. Cournède and V. Ziemann (2019). “Housing markets and macroeconomic risks”, OECD Economics Department Working Papers, No. 1555, OECD Publishing, Paris, https://dx.doi.org/10.1787/737133d8-en.

[9] Chin W, Dent P, Roberts C. (2021). An explanatory Analysis of Barriers to Investment and Market Maturity in Southeast Asian Citie. Journal of Real Estate Portfolio Management 12(1)49-57.

[10] Chin, H., & Dent, P. (2005). An analysis of the level of maturity in South-East Asian property markets. Pacific Rim Property Research Journal, 11(4), 355-372.

[11] Cournède, B., S. Sakha and V. Ziemann (2019). “Empirical links between housing markets and economic resilience”, OECD Economics Department Working Papers, No. 1562, OECD Publishing, Paris, https://dx.doi.org/10.1787/aa029083-en.

[12] D’Arcy, E. (2006). Markets, market structures and market change: Expanding the real estate research paradigm. Pacific Rim Property Research Journal, 12(4), 446464.

[13] Dabara, D. I., & Oyewole, M. O. (2015, August-September). The trends in commercial property values in an emerging real estate market: The case of Ibadan metropolis, Nigeria. In Proceedings of the 15th African Real Estate Society (AFRES) Annual Conference (pp. 186-205). Kumasi: AfRES.

[14] Delta Variant: What We Know About the Science. Centers for Disease Control and Prevention. 2021. Available online: https://www.cdc.gov/coronavirus/2019-ncov/variants/delta-variant.htm

[15] Dhar, M.S.; Marwal, R.; Radhakrishnan, V.S.; Ponnusamy, K.; Jolly, B.; Bhoyar, R.C.; Sardana, V.; Naushin, S.; Rophina, M.; Mellan, T.A.; et al. (2021). Genomic characterization and epidemiology of an emerging SARS-CoV-2 variant in Delhi, India.

[16] Dungeri, T. T. (2011). Maturity of the property market in Nigeria (Unpublished master’s thesis). University of Lagos, Lagos, Nigeria.

[17] Ezeokoli, N. B., Komolafe, T. B., & Olukolajo, M. A. (2019). Macroeconomic fluctuations and event centres’ return dynamics in Akure commercial property market, Nigeria. African Journal of Built Environment Research, 3(1), 29-40.

[18] Gondwe, G. (2020, July). Assessing the impact of COVID-19 on Africa’s economic development. Retrieved from https://unctad.org/system/files/officialdocument/aldcmisc2020d3_en.pdf.

[19] Hayk S. A. (2021). COVID Delta Variant Signs and Symptoms. Treatment Tactics, General Medicine and Clinical Research. Yerevan-Armenia, Tokyo-Japan

[20] Igwe C.P. and Ugonabo, C.U. (2021). Analysis of legal framework for international real estate in Nigeria

[21] Keogh, G., & D’Arcy, E. (1994). Market maturity and property market behaviour: An European comparison of mature and emergent markets. Journal of Property Research, 11(3), 215-235

[22] Knack, S. Keefer P. (1995). Institutions and Economic Performance Cross-Country tests using Alternative. Institutional Measures in Economics and Politics. 7(3), 207-228.

[23] La Porta, Lopez-de Silanes, Shliefer F, Vishny A. (2021). Law and Finance, Working Paper No 5661, National Bureau of Economic Research, 1997.

[24] Li, M.; Lou, F.; Fan, H. (2021). SARS-CoV-2 Variants of Concern Delta: A great challenge to prevention and control of COVID-19. Signal Transduct. Target. Ther. 2021, 6, 349.

[25] Lim, L. C. McGreal, S, Webb, J.R (2006). Perception of Real Estate Investment Opportunities in Central/South America and Africa. Journal of Real Estate Portfolio Management. 12(3), 261-276.

[26] Mauro, P. (2006). Corruption and Growth. Quarterly Journal of Economics. 12(3), 712. 29.

[27] McGreal S, Parsa, A. Keivani, R. (2001) Perceptions of Real Estate Markets in Central Europe: A survey of European Investor. Journal of Real Estate Literature. 9(2), 147-160.

[28] Nanthakumaran, N., Watkins, C., & Orr, A. (2000). Understanding property market dynamics: Insights from modeling the supply-side adjustment mechanism, Environment and Planning A: Economy and Space, 32(4), 655-671.

[29] NCDC (2021). Emerging SARS-CoV-2 Variants. Available online: https://www.cdc.gov/coronavirus/2019-ncov/more/science-andresearch/scientific-brief-emerging-variants.html

[30] Oni, A. O., Oluwatayo, A., & Durodola, D. O. (2012). Real estate market regulation and property values in Lagos State, Nigeria. European Scientific Journal, 8(28), 61-77.

[31] Oyewole, M. O. (2019). A review of real estate investment performance in Nigeria. Retrieved on 29 December 2020 fromhttps://www.researchgate.net/ publication/331089393

[32] Ozili, P. K. (2020). Covid-19 pandemic and economic crisis: The Nigerian experience and structural causes (MPRA Paper No. 99424). Retrieved from https://mpra.ub.uni-muenchen.de/99424/1/MPRA_paper_99424.pdf.

[33] Puah, C.-H., Kuek, T.-H., Arip, M. A., & Wong, S. S.L. (2016). Forecasting property market dynamics: Insights from the property cycle indicator. Information, 19(6(B)), 2225-2232.

[34] Repanic, M. (2005). Real property transactions in the Republic of Croatia – Procedures of property transfer, change of real property rights and property formation (Unpublished master’s thesis). KTH Royal Institute of Technology, Stockholm, Sweden.

[35] Thontteh, E. O. (2013). An appraisal of the extent of market maturity in Nigeria property market. IOSR Journal of Research & Method in Education, 3(X), 1-6.

[36] Trading Economics. (2020). Nigeria GDP annual growth rate. Retrieved from https://tradingeconomics.com/nigeria/gdp-growth-annual.

[37] Webb J. R. (1985). Real Estate Investment Acquisition Rules for Life Insurance Companies and Pension Funds, Journal of the American Real Estate and Urban Economics Association. 1984; 12(4), 495-520.

How to cite this paper

Onwubuya-Ezeala Stella, Udobi Alexander Nnamdi "Legal Implication of Restriction on Developing Economist on International Real Estate as A Result of Delta Variant of COVID- 19" Iconic Research And Engineering Journals Volume 5 Issue 8 2022 Page 60-66
Onwubuya-Ezeala Stella, Udobi Alexander Nnamdi "Legal Implication of Restriction on Developing Economist on International Real Estate as A Result of Delta Variant of COVID- 19" Iconic Research And Engineering Journals, vol. 5, no. 8, Feb. 2022
Onwubuya-Ezeala Stella, Udobi Alexander Nnamdi (2022). Legal Implication of Restriction on Developing Economist on International Real Estate as A Result of Delta Variant of COVID- 19. Iconic Research And Engineering Journals, 5(8).
Onwubuya-Ezeala Stella, Udobi Alexander Nnamdi "Legal Implication of Restriction on Developing Economist on International Real Estate as A Result of Delta Variant of COVID- 19" Iconic Research And Engineering Journals, vol. 5, no. 8, Feb. 2022.
@article{1703190,
      author = {Onwubuya-Ezeala Stella, Udobi Alexander Nnamdi},
      title = {Legal Implication of Restriction on Developing Economist on International Real Estate as A Result of Delta Variant of COVID- 19},
      journal = {Iconic Research And Engineering Journals},
      year = {2022},
      volume = {5},
      number = {8},
      pages = {60-66},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1703190.pdf},
      abstract = {This paper examines legal implication of restriction on developing economist on international real estate as a result of delta variant of COVID- 19. The paper also examined the effect of delta variant of COVID- 19 on international real estate investments. The real estate sector is a vital part of any economy. COVID-19 has become a global pandemic affecting many countries as reported by the World Health Organization. International real estate investment has been greatly affected by the emergence of Delta variant of COVID-19 such that investors are scare of investing in international real estate. The paper recommends that developing economists and international investors should be allow to invest in international real estate provided that Delta variant of COVID-19 measures are followed. Government should provide a better legal framework that guide real estate investment.},
      keywords = {Legal, Developing, Economist, Real Estate, Delta Variant, Covid?19.},
      month = {February},
  }