Predictors of Real Estate Financial Behaviour Among Individual Real Estate Investors in Nigeria

Abstract

A substantial amount of a country's economy and a large amount of an individual's wealth are both derived from real estate. Purchasing homes for personal or commercial purposes for rental purposes is one of the direct real estate investment strategies available to generate income and build wealth. This study is focused on determining the predictors of real estate financial behaviour in Lagos, Nigeria. Using the modified theory of planned behaviour, the study focused on how the selected factors can influence real estate financial behaviour. 353 completed questionnaires were collected from a possible 400 copies sent. Multiple regression analysis showed that attitude towards real estate was not statistically significant, while other factors were statistically significant with financial behaviour. The study's empirical findings give real estate professionals valuable information to help them make better decisions about how to develop their offerings to meet clients’ expectations.