EFFECT OF GREEN PROPERTIES MANAGEMENT ON REAL ESTATE DEVELOPMENT IN NIGERIA

Abstract

The study examined the effect of green property management on the real estate development in Nigeria. The specific objectives of this study were to; examine the effect of energy efficiency on the real estate development and evaluate the effect of water conservation on the real estate development in Nigeria. A descriptive survey research design was adopted for the study. A structure questionnaire design with five-point Likert scale was used to collect data for the study.
The data were analyzed using descriptive statistics (frequencies, percentages, means) to summarize the responses. While Statistical Package for Social Sciences (SPSS) version 28.0 for analysis. The result revealed that energy efficiency has a significant positive effect on the real estate development with a p-value of (0.001<0.05) and water conservation has a significant positive effect on the real estate development with a p-value of (0.001<0.05) in Nigeria. The study concluded that green property management has significant effect on real estate development in Nigeria. The study recommended, that the government and regulatory bodies should provide incentives for developers who incorporate energy-efficient technologies and practices in their projects. This could include tax breaks, grants, or reduced permitting fees, encouraging a shift toward sustainable building practices