Attributes Influencing Residential Purchase Decisions in Egbelu/Mgbaraja and Agbada New Residential Layout, Port Harcourt, Rivers State, Nigeria.
- Country : Nigeria
- Subject : Estate Management
The residential property market has become a lucrative, fast-growing segment of Nigeria’s economy in recent years. The primary objective of this paper is to identify the residential housing attributes that buyers in the Egbelu/Mgbaraja and Agbada New Residential Layouts, Port Harcourt have valued the most before purchasing residential property. The study employs a quantitative research approach to collect the data on the attributes that impact Port Harcourt homebuyers' decisions through the administration of questionnaires to 127 households, purposively sampled in two residential neighbourhood schemes of Egbelu/Mgbaraja and Agbada New Residential Layout in Port Harcourt metropolis was adopted due to the increasing nature of housing development in the area. Using SPSS software, the data gathered from the questionnaire survey was statistically analysed and the findings revealed that homebuyers in the districts of Port Harcourt have more preference for locational as well as neighbourhood attributes. It is recommending ed that they are the need for the incorporation of these crucial attributes in the design of residential properties with features that meet the homebuyers' preferences to avoid property voids in the future.