Abstract
Residential real estate is indisputably an essential sector for countries, especially regarding housing for residents. Nigeria, however, is faced with several challenges to this sector that requires appropriate management, regulation, and sustenance. With continuous population growth, many are living in conditions that are detrimental to health and well- being. Housing demand is extremely high, and current policies does match supply with demand.
The aim of this study is therefore, to investigate impact of housing policies on sustainable residential real estate in Abuja Nigeria. Exploratory qualitative work is adopted based on a systematic literature review, which was rigorously conducted to reduce bias and improve the research objectivity. The review focused on three research questions, using analytical tables and an almost-verbatim narrative that made up parts of a systematic process. Key issues addressed in the literature review, stemming from research questions and in context of Nigeria include (i) assessing challenges of sustainable residential real estate (ii) evaluating the impact of housing policies on sustainable housing in Abuja, and (iii) identifying improvements that can be made to housing policies for sustainable development of residential real estate. Primary data were acquired from three interview participants for the pilot study and twenty for the main study, comprising of homeowners and tenants. Study findings provide an insight into the significance and limitations of housing policy as a tool for achieving sustainability of residential real estate.
Focus on housing in the city of Abuja and the impact of Nigerian housing policy suggest that there are limitations due to lack of sustainable housing policies.
Several research gaps were identified in the study.These gaps include sustainability as a key concept in Nigeria’s housing policy, as well as a direct link between housing policy and sustainability of residential real estate.
Since there is little research on these subjects, it presents a gap in literature, which has valuable potential for studies. Research on alternative housing policies for sustainable residential real estate in Nigeria is recommended. concerning Limitations of study stem from lack of data on present status of the country in relation to most topics in the research.