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Impact of banking recapitalization on real estate sector

 Department: Estate Management  
 By: usericon peterjohn  

 Project ID: 2066
   Rating:  (3.1) votes: 15
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The pre-consolidation era in the banking sector can be dated back prior to July 2004 when there were various banks existing and operating in the country. During this period, the total number of banks existing in the country was 89. After the consolidation exercise, the banking sectors was termed as being strong, stable and reliable megabank. This is the first phase of the consolidation exercise which trimmed the number of banks in Nigeria from eighty-nine (89) to twenty-five (25) and with each of the existing banks, now having an average capital of about twenty-five billion (N25 billion). The consolidation programme in the banking industry is expected to have a wide-ranging implication on the real estate profession. Because real state is characterterized relatively with large economy size, investors have traditionally relied on third party financial instruction for significant positions of funds require the investment control of large pared of real property is difficult to achieve without access to a borrowed fund which has consequently become an ambiguous factor in real estate investment decision. The different source of capital from real estate investment is equity and debt, syndications joint ventures, pension fund, life insurance companies, the banking industry as a sector in the economy cannot stand and operates in isolation but to associate with various industries in order to actualize its aims and objectives. Real estate industry on its own is a vibrant sector which involves various professionals from various fields. The impact which recapitalization has on real estate investment in positive funds were available, members were commissioned in carrying out a valuation for a different purpose and big project were also finance....
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