Impact of Private Developers’ Participation in Housing Provision in Lagos Property Market

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dc.contributor.authorAdebimpe Yetunde AKANJI
dc.date.accessioned2025-06-11T13:29:39Z
dc.date.available2025-06-11T13:29:39Z
dc.date.issued2024-12
dc.description.abstractThis study investigates the impact of private developers' involvement in housing provision within the Lagos property market. Employing a descriptive research design, the study surveyed 95 registered members of the Real Estate Developers Association of Nigeria (REDAN), with questionnaires administered to 84 participants. Out of these, 61 responses were retrieved and analyzed using descriptive statistical tools, with results presented in tables and bar charts. The findings reveal that the real estate development sector in Lagos is male-dominated, with most respondents aged 35 and above. A large portion of participants held advanced academic degrees and professional qualifications, highlighting the importance of educational and professional progression in the industry. The study identifies several significant barriers to low-income housing development, including unstable economic conditions, restrictive lending practices, high building material costs, inadequate infrastructure, and challenges related to land accessibility and documentation. Regarding development strategies, the study notes that turnkey projects are highly favored by 52.5% of respondents, while presale is preferred by 55.7%. Site and service schemes, which provide essential services upfront, are also widely used to make housing more affordable. Public-private partnerships (PPPs) have a varied uptake, with 37.9% of developers using them. Joint finance or ventures, pre-letting, and shell stage housing strategies were also explored, with pre-letting showing stability and effectiveness in securing tenants or buyers before construction is completed. The study concludes that private developers in Lagos tend to adopt strategies that meet market demands, effectively manage risks, and address the needs of low-income housing. Turnkey projects, presale, and site and service strategies are particularly popular, reflecting their adaptability and alignment with developers' goals. Keywords: Private Developers, Housing Provision, Property Market, Lagos State Word Count: 264
dc.identifier.citationKate Turabia
dc.identifier.otherM.Sc
dc.identifier.urihttps://repository.lcu.edu.ng/handle/123456789/892
dc.language.isoen
dc.publisherLead City University, Ibadan
dc.relation.ispartofseriesM.Sc
dc.subjectPrivate Developers
dc.subjectHousing Provision
dc.subjectProperty Market
dc.subjectLagos State
dc.titleImpact of Private Developers’ Participation in Housing Provision in Lagos Property Market
dc.typeThesis

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