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Real Estate Investment as a Panacea for Economic Instability in Nigeria: Evidence from Northeastern States of Nigeria

Author

Listed:
  • Muhammad Umar Bello

    (Abubakar Tafawa Balewa University)

  • Aliyu Ahmad Aliyu

    (Abubakar Tafawa Balewa University)

  • David Martin @ Daud Juanil

    (Universiti Tun Hussein Onn Malaysia)

  • Rozilah Kasim

    (Universiti Tun Hussein Onn Malaysia)

Abstract
Real estate investment is an emerging business in many countries of the world. Real estate investment was thoroughly investigated to come up with solution faced by the transaction of land and building. Real estate investment is strictly related to the housing price. It has been pointed out by many researchers that the housing price is affected by many factors, such as interest rate, land supply, government policies and inflation rate. The research highlighted most important aspects of the outcomes. An increase in international real estate capital flows could foster increasing demand for stronger institutions across a global real estate market. The method adopted in this research was quantitative through which 100 questionnaires were developed and distributed within the study area (Bauchi, Gombe, Adamawa and Yobe States). The simple percentage was used to analyzed the data collected. The research is exploratory in nature; hence, a non-probability purposive sampling technique was used for the study. The finding of the research vindicated that real estate investment has a significant role in sharpening the economy of the region, and also the findings revealed that real estate investment opportunity is huge. And again for suggested that housing provision cannot be realized only by private individual excerpts through government intervention. The study concludes that real estate investment, if explore it will create a reliable return to the investment owners, the benefits that can be derived from real estate investment, has been revealed by this study. The study also highlighted that private developers are key important for real estate investment in Nigeria. The conclusion drawn by this research shows that real estate investment has a capacity of transforming economic hardship in the country.

Suggested Citation

  • Muhammad Umar Bello & Aliyu Ahmad Aliyu & David Martin @ Daud Juanil & Rozilah Kasim, 2017. "Real Estate Investment as a Panacea for Economic Instability in Nigeria: Evidence from Northeastern States of Nigeria," Traektoriâ Nauki = Path of Science, Altezoro, s.r.o. & Dialog, vol. 3(8(25)), pages 1001-1006, August.
    • Handle: RePEc:pos:journl:25-1
    DOI: 10.22178/pos.25-1
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    References listed on IDEAS

    as
    1. Tom Kauko, 2004. "Towards Infusing Institutions and Agency into House Price Analysis," Urban Studies, Urban Studies Journal Limited, vol. 41(8), pages 1507-1519, July.
    2. Jay C. Hartzell & Libo Sun & Sheridan Titman, 2006. "The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 34(3), pages 343-376, September.
    3. repec:arz:wpaper:eres2013-292 is not listed on IDEAS
    4. Hui, Eddie C.M. & Yu, Carisa K.W. & Ip, Wai-Cheung, 2010. "Jump point detection for real estate investment success," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(5), pages 1055-1064.
    5. Pieter Le Roux & Desiree Dongelmans, 2013. "Added Value of Hospitality Management in the Evolution of Property and Facility Management," ERES eres2013_292, European Real Estate Society (ERES).
    6. Pfnür, Andreas & Armonat, Stefan, 2004. "Asset allocation versus entrepreneurial decisions in real estate investment," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 22830, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    7. Piet Eichholtz & Nils Gugler & Nils Kok, 2011. "Transparency, Integration, and the Cost of International Real Estate Investments," The Journal of Real Estate Finance and Economics, Springer, vol. 43(1), pages 152-173, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    real estate investment; land; speculator; developer; projects.;
    All these keywords.

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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