ISSN: 2222-6990
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Housing sector is generally the linchpin of every economic growth and development. The horizontal linkages and supports which real sector provides to other sectors, makes it, the true barometer to measure the performance of the economy. In most of the developed economies, the performance of the housing market is generally used to measure the trajectory of the economy in terms of job creation, consumer spending and macroeconomic stability. From the literature reviews, four factors were identified as the possible predicters of housing prices in Nigeria. The factors are (economic, land ownership, political and social-cultural). The survey study which was conducted in Porth Harcourt (capital of Rivers state) in Nigeria, was based on the sample of 220 real estate developers and managers who are involved in building and selling of houses in Porth Harcourt city, Nigeria. From the results of the study, economic factor has positive and significant effect on housing price. Second, land ownership has a negative and significant effect on housing price. Third, political factor has a positive and significant effect on housing price. Fourth, social-cultural factor has positive and significant effect on housing price. Policy informed implication were examined in the study.
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In-Text Citation: (Elile et al., 2021)
To Cite this Article: Elile, R. U., Adnan, V. R. ‘Atiqah, & Abdul, A. H. (2021). Predictors of Housing Prices in Port Harcourt, Nigeria. International Journal of Academic Research in Business and Social Sciences, 11(11), 723 – 734.
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