AN EXAMINATION OF THE IMPACT OF YOUTH RESTIVENESS ON REAL ESTATE INVESTMENT AND PROPERTY DEVELOPMENT IN THE NIGER DELTA REGION
Bernard Adjekophori and
Francis Okpaleke
AfRES from African Real Estate Society (AfRES)
Abstract:
Real estate investment and development involves the purchase, ownership, management, rental and/or sale of real estate for profit. Its investment and physical development however can be hampered by the perception that environmental hazard such as youth restiveness exist, since a lot of risks and uncertainties affect property development. This study therefore examined the issue of youth restiveness and trend of real estate investment and physical development in the Niger-Delta region. The study adopts a survey research design with the use of structured questionnaire to gather data from 250 investors and real estate developers in Asaba, Warri and Benin city. Analysis of data was done using descriptive and inferential statistic from a data captured in SPSS. The result revealed a significant relationship between the restiveness and investment cum property development in the study areas. It pointed that the fear of youth restiveness can create insecurity to properties development and its investment. Investors are more are more comfortable in other investment option that property development that may not be completed, yield return and may be destroyed by the youth at any little provocation. The results of the study is expected to bring to light the social and economic implications of youth restiveness as it affect investment and development of real estate property in the study area and thereby assist investors, developers and policy makers in resolving the debate on the nuisance of restiveness in the Niger Delta region . Investors’ and developers are however advice to consider the risky nature of their environment before embarking on any projects considering the fact that real estate development is capital intensive.
Keywords: Development; Investment; Niger Delta; Property; youth restiveness (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2014-09-01
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