Analysis of Factors Influencing Investors' Choice of Residential Property Investment Options in Birnin Kebbi

The global property market has experienced significant growth in residential property investments, driven by increasing demand for housing and the potential for long-term capital gains. The study aimed at analysing the factors influencing investors' choice of residential property investment options in Birnin Kebbi Town and the objectives include among others: identification of the residential property investment options available to investors in Birnin Kebbi, appraisal of factors influencing investors' choices in selecting residential property investment options. Both primary and secondary data sources were adopted for the research, Estate Surveyors and Valuers and Property investors/developers were the targeted population and a total number of 400 were retrieved from the respondents across the research areas, census survey was used in the administration of the questionnaires. The study revealed that 1 and 2 bedroom flats were the dominant residential property investment across the research areas and Locational attributes, rental income and capital appreciation amongst other are the factors influencing investors’ choice of residential property investment options in Birnin Kebbi Town while the correspondent recommendation include among others Prioritizing lower-unit of residential property investments (1- & 2-bedroom flats) across Birnin Kebbi Town and Encouraging long-term investment outlook for the intending prospective investors within and outside the Town.

Uncertainty about future financial needs and economic conditions makes financial planning

1. Abubakar, M. (2022). Real estate investment and infrastructural challenges in emerging Nigerian cities. Journal of African Real Estate Research, 5(2), 45–59. [Google Scholar] [Crossref]

2. Abubakar, S. (2022). Understanding investors' preferences in Birnin Kebbi: A critical appraisal. Nigerian Journal of Real Estate Studies, 8(3), 102–118. [Google Scholar] [Crossref]

3. Adebayo, T. (2019). Socio-cultural factors in residential property investment decisions in Nigeria. African Journal of Housing Studies, 3(1), 22–35. [Google Scholar] [Crossref]

4. Adebayo, R. (2019). Social factors influencing investors' choices in real estate. Journal of Housing and Urban Development, 10(1), 78–95. [Google Scholar] [Crossref]

5. Adeleke O.(2020), The challenges of Property Investment in Nigeria; Journal of Real Estate and Construction. Vol 11 No. 1, pg 1-15 [Google Scholar] [Crossref]

6. Adewale O.(2021), Property Investment in Nigeria: Opportunities and Challenges: A Journal of African Real Estate Research. Vol 6(1), Pg 1-18 [Google Scholar] [Crossref]

7. Agava, Y. H, Bello, N. A, & Dairo, O. E. (2021). A review of Studies on Real Estate Investment Performance in Nigeria. International Journal of Real Estate Studies, 15(2), 16-31. [Google Scholar] [Crossref]

8. Ajayi, C. A., & Fabiyi, S. (2017). Urban property investment and development trends in Nigeria. Lagos: University of Lagos Press. [Google Scholar] [Crossref]

9. Bello, M. O., & Adekunle, I. A. (2018). Determinants of residential property values in Nigerian cities. Journal of African Property Management, 6(3), 14–27. [Google Scholar] [Crossref]

10. Bello, M. A., & Adekunle, T. (2018). Economic activities and real estate demand in emerging markets. International Journal of Urban Studies, 12(3), 85–99. [Google Scholar] [Crossref]

11. Block, F. (2024). What counts as investment? productive and unproductive expenditures. theory and society Vol.3, Pp 701-723 [Google Scholar] [Crossref]

12. Brennan, M.J & Taylor A.P (2023). Expected returns and risk in the stock market. A Journal of Emperical Finance Vol. 72, Pp 276-300. https://doi.org/10.1016/j.jempfin.2023.03.002 [Google Scholar] [Crossref]

13. Gourier, E., Phslippou, L & Westerfield, M.M (2024). Capital commitment. The Journal of finance, Vol. 79(5), Pp 3407-3457, https://doi.org/10.1111/j.jofi.13382. [Google Scholar] [Crossref]

14. National Bureau of Statistics (NBS). (2022). Real estate sector report: Contribution to Nigeria’s GDP. Abuja: NBS Publications. [Google Scholar] [Crossref]

15. Oladokun, T. T., & Gbadegesin, J. T. (2017). Real estate investment analysis and decision-making. Ibadan: University of Ibadan Press. [Google Scholar] [Crossref]

16. Oladokun, T. T., & Gbadegesin, J. T. (2017). Understanding the benefits of residential property investment. Housing Economics Review, 14(1), 35–51. [Google Scholar] [Crossref]

17. Olaleye, A. (2019). Behavioral biases and speculative housing investment in Nigeria. Journal of African Housing Studies, 4(2), 112–127. [Google Scholar] [Crossref]

18. Olayiwola, L. M. (2018). Challenges affecting residential property investments in Nigeria. Journal of African Urban Studies, 7(4), 99–114. [Google Scholar] [Crossref]

19. Oluwaseun, A. (2023). Infrastructure, property values, and sustainable investment in Nigeria. International Journal of Sustainable Built Environment, 12(1), 88–101. [Google Scholar] [Crossref]

20. Omirin, M. (2016). Key factors influencing investment decisions in residential property markets. Journal of Property Management, 18(1), 43–60. [Google Scholar] [Crossref]

21. Onitekun, O & Ogun .O (2024). investment uncertainty and economic growth in sub-suharan Africa. A global studies quarterly, Vol. 4(1), ksae005 https://doi.org/10.1093/isagsq/ksae005 [Google Scholar] [Crossref]

22. Oyedele, O. A. (2019). Challenges of investing in property in developing nations. Researchgate.net/publication/328942113. [Google Scholar] [Crossref]

23. Smith, J. (2020). Global trends in residential property investment. London: Routledge. [Google Scholar] [Crossref]

24. Udobi, A.N., Onyejiaka, J.C. and Nwozuzu, G.C. (2018). Analysis of the Performance of Commercial and Residential Property Investments in Onitsha Metropolis, Anambra State, Nigeria. British Journal of Earth Sciences Research, Vol. 6(2), 21 – 32. [Google Scholar] [Crossref]

• The Indirect Effect of Liquidity and Activity on Company Value with Profitability as an Intervening Variable
• Effect of Financial Skills, Knowledge, and Attitude on The Financial Behaviour of Clergy
• A Decade of Review: Trends in Budget Execution and Financial Performance of Development Projects in Tanzania (2014/15-2023/24)
• The Influence of Pre-Project Planning on the Budget Absorption Rate of Public Funded Infrastructure Projects in Kenya a Comparative Case Study of Narok, Migori, and Kisii County Government Projects
• Assessment of Factors Influencing Digital Transformation in Hotels’ Facility Management in Abuja Metropolis, Nigeria