SUSTAINABLE REAL ESTATE FINANCING AND INVESTMENT FOR 21ST CENTURY: A CASE OF SELECTED NIGERIA STATE

Abstract

This study delves into the dynamics of sustainable real estate financing and investment in selected Nigerian states. Through a descriptive and analytical research design, the prevailing practices, challenges, and proposed strategies are examined. The research objectives aim to investigate current practices, identify barriers,and propose enhancements for sustainable real estate financing and investment. Utilizing a diverse range of stakeholders, including developers, investors, financial institutions, and government agencies, data collection involved semi-structured interviews and questionnaires administered to 39 respondents. The analysis indicates significant disparities between current financing practices and sustainable development goals, with identified barriers impacting real estate market efficiency. However, the implementation of strategies to enhance sustainable financing positively influences state outcomes. The findings underscore the potential of innovative financing models such as green bonds and crowd funding to catalyze Nigeria's transition towards a low-carbon and equitable built environment. Collaboration, capacity building, and tailored solutions are emphasized for unlocking Nigeria's sustainable real estate sector's immense potential