What is it about?
There are remarkable differences on the impact of title documents on residential property transactions. If people are selling residential plots, title documents may not significantly affect the selling price. when people are selling houses, prices are hardly inflated by title documents and when they sell incomplete houses, title documents will significantly inflate the price.
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Why is it important?
Interested in property investment? Simply invest in unfinished houses if building on formal plots otherwise profit margins are indifferent between formal and informal plots and tend to be negative for houses.
Perspectives
Scientific writing require intensive abstracting which ultimately make significant contribution to knowledge.
Dr Samwel Sanga Alananga
Ardhi University
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This page is a summary of: The value of formal titles to ownership in residential property transactions: Evidence from Kinondoni municipality Tanzania, January 2017, Stichting European Real Estate Society,
DOI: 10.15396/eres2017_19.
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