Factors Affecting Durban Residential Property Values: An Estate Agent Perspective

  Research Proposal: Factors Affecting Durban Residential Property Values: An Estate Agent Perspective Introduction The residential property market in Durban, South Africa, is a dynamic and ever-changing sector. Understanding the factors that influence property values is crucial for both buyers and sellers. This research proposal aims to investigate the factors that affect residential property values in Durban from the perspective of estate agents. By gaining insights from professionals working in the real estate industry, this study will provide valuable information for homeowners, investors, and policymakers. Research Objectives The primary objective of this research is to identify and analyze the factors that estate agents perceive as significant contributors to residential property values in Durban. The specific objectives of this study are as follows: To identify the key factors that estate agents believe influence residential property values in Durban. To explore the relative importance of different factors in determining property values. To assess whether there are any regional variations within Durban that impact property values. To understand the challenges faced by estate agents when valuing properties in Durban. Methodology This research will employ a qualitative research design, utilizing semi-structured interviews with estate agents operating in Durban. The sample will consist of estate agents from reputable real estate companies such as Remax, Pam Golding, and others who have substantial experience and knowledge of the local property market. The interviews will be audio-recorded with participants’ consent to ensure accuracy in data collection. The interview questions will be designed to elicit information regarding the factors estate agents consider influential in determining residential property values. Probing questions will be used to explore their perception of the relative importance of these factors and any regional variations within Durban. Additionally, questions will be included to investigate any challenges faced by estate agents when valuing properties. Data Analysis The recorded interviews will be transcribed verbatim, and thematic analysis will be employed to identify recurring themes and patterns within the data. The thematic analysis process will involve several stages, including familiarization with the data, generating initial codes, searching for themes, reviewing and defining themes, and finally, producing a detailed analysis. Significance This research will contribute to the existing knowledge on residential property values in Durban by providing insights from estate agents who possess extensive experience in the local market. The findings will be valuable for homeowners looking to sell or invest in properties, as well as for potential buyers seeking to understand the factors that influence property values. Furthermore, policymakers can utilize this research to inform decisions regarding urban planning, development regulations, and strategies aimed at promoting sustainable growth in the residential property market. References Remax. (n.d.). Retrieved from https://www.remax.co.za/ Pam Golding. (n.d.). Retrieved from https://www.pamgolding.co.za/  

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