Decision Support Mechanism for Risk Allocation in Private Real Estate Purchase Agreements

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dc.contributor.advisorDinku, Abebe(Professor)
dc.contributor.authorHagos, Milka
dc.date.accessioned2018-07-04T05:56:26Z
dc.date.accessioned2023-11-11T08:29:17Z
dc.date.available2018-07-04T05:56:26Z
dc.date.available2023-11-11T08:29:17Z
dc.date.issued2016-10
dc.description.abstractReal estate development is considered as one of the sectors with transaction of billions of Birr in the Ethiopian market. Real estate development contributes to the economy of the country and in alleviating housing problems. However, the sector is facing different problems. Problems that exist in real estate development make the business environment susceptible to uncertainty. Therefore, this research is aimed at identifying risk factors in private real estate development projects and their impact on project objectives, examining the current practice of risk allocation in real estate purchase agreements and providing a practical mechanism that can be used by real estate developers to allocate risks properly. Risks were identified and impact analysis was conducted. Subsequently, residential real estate purchase contracts were reviewed and it was found that most of the reviewed agreements do not include the severe risk factors. Purchase agreements currently being used lack completeness in addition to risks being misallocated. It is believed the decision support mechanism provided helps real estate developers make proper risk allocation decisions. Key words: Decision support mechanism, Purchase agreement, Real estate, Risk, Risk allocation, Risk allocation principles, Risk impact.en_US
dc.identifier.urihttp://etd.aau.edu.et/handle/12345678/6065
dc.language.isoenen_US
dc.publisherAddis Ababa Universityen_US
dc.subjectDecision support mechanismen_US
dc.subjectPurchase agreementen_US
dc.subjectReal estateen_US
dc.subjectRisken_US
dc.subjectRisk allocationen_US
dc.subjectRisk allocation principlesen_US
dc.subjectRisk impacten_US
dc.titleDecision Support Mechanism for Risk Allocation in Private Real Estate Purchase Agreementsen_US
dc.typeThesisen_US

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