Socio-Economic Factors Affecting Accessibility to Land for Real Property Investment in Obio/Akpor L.G.A, Nigeria

Abstract The non-consideration of relevant socio-economic parameters affecting accessibility to land by real property appraisers and analysts has been identified as the major reason for the challenges confronting real property investment in Rivers State and Obio/Akpor Local Government Area inclusive. Significantly, this phenomenon has led to wastage of scarce resources and creation of an apathetic environment. Premised on this foregoing, this study examines the socio-economic factors that affect accessibility to land, in the determination of qualitative and quantitative real property investment in Obio/Akpor L.G.A., Nigeria. Data analysis was descriptive statistics and Relative Importance Index (RII). The result showed that high and unnecessary costs was the most ranked (RII = 0.9432), while restriction of landowners (RII = 0.9158) was the least ranked. The study recommended that government should establish a framework that ensures simplified and relatively cheaper statutory fees on land transactions so as to prevent conflict of professional undertakings and undue extortion.

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Updated: July 22, 2016 — 12:11 pm