In our third edition of the proceedings, we are happy to welcome you to our AfRES annual conference for 2016 being held in Addis Ababa which stands for “new flower”, or Finfinne. Addis, as we call it for short, is a chartered city, it has the status of both a city and state, and it is with pleasure that we welcome you here. Importantly, according to the World Bank (2015), Ethiopia is the fastest-growing economy in the world offering significant opportunities in the Real estate sector.

As usual, we have to thank the numerous sponsors who have assisted in different ways; the conference would not have been possible without their contributions. We trust that we will all benefit from the gathering through discussions and debates both of a professional and academic nature.

Today, we can see the maturation happening around us on the African soil. Real estate markets are starting to show growth and higher levels of maturity. From the papers and presentations, data is starting to reflect a much needed understanding of these markets. The theme of this conference is appropriately “Sustainable Multi-Sec oral Real Estate Development in Emerging Economies” shows trend.

This year we had the highest number of submitted abstracts at 51 abstracts and eight referred papers and seven non-referred papers. We appreciate the Scientific / Technical committee of the conference for their work in reviewing the submitted abstracts and papers. The feedback to the authors assisted greatly in finalizing them in the format presented in these proceedings. The papers printed in these proceedings were double-blind reviewed to ensure the highest standards and international comparability. The abstracts were reviewed and guidance given to authors.

The East African AfRES chapter is grateful to those who assisted and contributed in bringing this conference together and making it happen. We are appreciative of the hours of work which some of our members dedicated to the process.

Sisay Zenebe

On behalf of the Organizing committee

August 2016


Carsten Lausberg

Catherine Kariuki

Chris Cloete

Douw Boshoff

Emmanuel Kofi Gavu

Eric Yeboah

Felician Komo

Francois Viruly

Harry Quainoo

Kola Akinsomi

Kola Ijasan

Rob McGaffin

Robert Simons

Samuel Azasu

Victor Akujuru

Wilfred Anim-Odame

Aly Karam