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Rem 1620 Land Economics Assessment Answer

The importance of institutional factors in economic activities has been extensively discussed. Because of the immobility of real property and of the complexity of real estate transactions, a real estate investor needs more legal protection on the property rights. It makes sense to hypothesize that institutional factors may exert more influence on real estate markets than other markets (Jaffe and Louziotis (1996). Discuss the impacts of Institutional factors to the real estate market in Malaysia.




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