Data Analysis, Presentation and Interpretation - Report on the Exploratory Survey

Data Analysis, Presentation and Interpretation - Report on the Exploratory Survey

Table of Contents

Data Analysis

The data collected was entered and analyzed by simple descriptive analysis using Statistical Package for Social Scientists (SPSS) version 10.0 software. The software was chosen because it is the most used package for analyzing survey data. The software has the following advantages: it is user friendly, can easily be used to analyze multi-response questions, cross section and time series analysis and cross tabulation; (i.e. relate two sets of variables) and it can also be used alongside Microsoft excel and word.

Results and Presentations

  • Investment Types/ Preferred Lending securities/Areas of Specialization
    There are various assets in which either investors can invest in, financiers can hold as security or property consultants have specialized in. According to the survey these include Government securities, shares, real estate, mortgage loans, corporate bonds/ commercial papers, bank deposits, chattels and debentures. Real Estate is the most preferred with 41 % while chattels and debentures are the least with an approximate count of 1% each. Graph 1 below depicts the results.

    Graph 1: Preferred Investments/ security Types
    Graph 1: Preferred Investments/ security Types
    Source: Author survey 2005
     

  • Real Estate Investment Types
    In the real estate sector, the investments are spread in commercial, residential, industrial, agricultural and recreational properties. Most respondents or 43% have investments in commercial while only 2% have investments in recreational. This is illustrated in the chart below

    Chart 1: Real estate Investments Types
    Chart 1: Real estate Investments Types
    Source: Author survey 2005
     

  • Dominant Real Estate Investment Type:
    From the survey the most dominant real estate type is commercial, accounting for 38% of the responses as indicated below. Residential and industrial recorded 28% and 18 % respectively while agriculture scored 14%.

    Graph 2: Dominant Real Estate Graph 2: Dominant Real Estate
    Source: Author survey 2005
     

  • Provinces in which real Estate investments are situated
    The investments and or securities are situated in various parts of the country. The survey shows that Nairobi as the most popular investment destination having 43% responses while North Eastern has the least count of 1%. The chart below illustrates this.

    Chart 2: Real Estate Location Spread Chart 2: Real Estate Location Spread
    Source: Author survey 2005
     

  • Tools used for performance measurement and Analysis
    All the respondents indicated that they used some form of performance measurement and analysis. The most common is looking at income growth, which scored 30%, followed by payback method with 27% as shown in table 2 below. Return on capital and Internal Rate of Return scored one 1% each.

    Table 2: Tools Used in performance Measurement
    Mode of Measurement%
    Income Growth30.1
    Payback27.7
    Comparison Against Other Investment20.5
    Capital Appreciation19.3
    Return on capital1.2
    Internal Rate of Return1.2
    Total100
    Source: Author survey 2005
     

  • Sources of and adequacy of information used in performance measurement and analysis.
    Information for carrying out performance measurement and analysis is obtained from various sources. The most dominant being own research and newspapers. The table below illustrates this.

    Table 3: Sources of Information
    Source of Information%
    Economic Survey18.4
    Periodocal and Journals12.6
    Newspapers19.4
    Property Database11.7
    Own Research27.2
    Property Consultants10.7
    Total100
    Source: Author survey 2005
     

  • Type of information used in Performance Measurement and Analysis
    The respondents indicated that they used different types of information to carry out performance measurement and analysis (performance appraisal). From the survey no particular type of information stands out as the most commonly used in performance appraisal. The table below illustrates.

    Table 4: Type of Information Used in Performance Measurement and Analysis
    Type of Information%
    Macro-economic Indicators10.6
    Transaction Costs on Land and Buildings9
    Investments in New Construction and Improvements9
    Passing Rents11.5
    Operating Costs11.5
    Capital expenditure during Life of Investments7.4
    Lease Structure9
    Void/Occupancy Rates11.5
    Rent Arears7.4
    Open Market Values of Land and Buildings10.7
    Appreciation Rate0.8
    Forced Sale Values0.8
    Liquidity0.8
    Total100
    Source: Author survey 2005
     

  • Adequacy and Reliability of Information
    The information gathered from the various sources was found to be adequate and reliable by 51% while 36% found it not to be adequate and reliable. 2% of the respondents thought the information was both reliable and not reliable.

    Table 5: Adequacy and Reliability of Information
    ResponseFrequency%
    Yes2451.1
    No1736.2
    Did not Respond510.6
    Total47100
    Source: Author survey 2005
     

  • Acceptance of and Participation in the development of the property Index
    95% of the respondents were positive on efforts to establish a property index with 78% in favor of a National Index. Other suggestions include the development of Individual indices (11%), both (i.e. Individual and National) 6.5%, regional and /or sector based. In addition 95% of the respondents were positive that they would like to be involved in its development. See charts 3 and 4 and table 4 below.

    Chart 3: Views on efforts to Develop a Property Index Chart 3: Views on efforts to Develop a Property Index
    Source: Author survey 2005
     

  • Type of Index
    Results reveal that most of the respondents (78%) preferred to have a national index. However there were suggestions for individual indices 11%, both national and individual 7%, and others 4%.

 


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