DETERMINANTS OF INCREASED/RAPID RESIDENTIAL REAL ESTATE DEVELOPMENT IN ANAMBRA STATE

Abstract

Anambra State real estate sector is fast becoming and emerging market particularly as it concerns the residential real estate development, this is a trend investors are expected to watch out for. The real estate sectors have been contributing immensely to the transformation of the built environment and there are noticeable increased in real estate activities in the study area and there are major determinants of same hence this study. It identifies the determinants, their relative importance and as well the extent these determinants impacts on residential real estate development. The findings indicated that that location advantage is a major determinant and as well very important, as well as have greater impact. It was discovered that the sector is private sector controlled and an emerging one. Also, the findings showed that the identified determinants have significant impact on increased or rapid response of residential real estate development in Anambra State and that the presence of support infrastructure or its availability is significant on increased or rapid residential real estate development in Anambra State.