Otty, Emmanuela Uzoamaka and Egolum, Charles Chukwunwike and Oladejo, Esther Ifeanyichukwu (2023) Evaluation of Factors Driving Real Estate Investment Decisions by Private Investors in South – East Nigeria. International Journal of Civil Engineering, Construction and Estate Management, 11 (4). pp. 41-63. ISSN 2055-6578(Print), 2055-6586(online)
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Abstract
This research focused on evaluating the factors driving real estate investment decisions among private investors in South – East Nigeria with a view to appraising real estate investment pattern in the study area. The study was conducted in South-East Nigeria specifically; Anambra, Enugu and Imo State. Data were collected from 331 registered Estate Surveyors and Valuers, 131 members of Real Estate Development Association of Nigeria (REDAN) and 133 private real estate investors in selected states. Structured questionnaire was used to collect data from the respondents. The data collected was analysed using Percentage, Mean Score, and Kruskal Wallis test with the aid of Statistical Package for Social Sciences (SPSS, version 25). Respondents were required to scale the impact factors base on five points likert scale. The results revealed that economic factors (interest rate, inflation rate, population growth and high cost of building materials) have significant effects on real estate investment decisions and government policies (Land Use Act), shortage of finance, and high cost of building materials are found to be most significant constraints to real estate investment decisions. The study concludes that interest rate, inflation rate, population growth and high cost of building materials influence real estate investment decisions. The study recommends among others the need for potential real estate investors to consider the factors that drive real estate investment decision before investing in real estate.
| Item Type: | Article |
|---|---|
| Subjects: | T Technology > TA Engineering (General). Civil engineering (General) |
| Depositing User: | Professor Mark T. Owen |
| Date Deposited: | 20 Nov 2023 13:35 |
| Last Modified: | 20 Nov 2023 13:35 |
| URI: | https://tudr.org/id/eprint/2378 |
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