Problem of Investment Analysis Occasioned by the Uncertainty of Factor Elements in Imo State, Nigeria
Odenigbo O. A. *
Department of Estate Management, Institute of Management Technology, Enugu, Nigeria.
Nwanekezi S. C.
Department of Urban and Regional Planning, Federal University of Technology, Imo, Nigeria.
Agbagha E. M.
Department of Building, Federal University of Technology, Imo, Nigeria.
*Author to whom correspondence should be addressed.
Abstract
Traditional investment analysis needs to more carefully explore irreversible's implications: timing choice, probabilistic method and uncertainty. The investment analysis procedures have their associated shortcomings in managing uncertainty factors. Property investment in Nigeria is related to several political, economic, environmental and social factors, leading to uncertainty. Property investment is an emerging market in Imo State; at the same time, contemporary, traditional, probabilistic appraisal systems are only adopted in investment studies. Further study of the Uncertainty factor is the need of the hour to overcome the problems in investment analysis. Hence, this review highlighted some important and pertinent issues in investment analysis covering uncertainty factors and recommends further empirical studies.
Keywords: Property investment, real estate investment, uncertainty, risk, investment analysis