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Article: PROPERTY MARKET NATURE AND THE CHOICE OF PROPERTY PORTFOLIO DIVERSIFICATION STRATEGIES: THE NIGERIA EXPERIENCE
- Article from:
- International Journal of Strategic Property Management
- Article date:
- March 1, 2008
- Author:
CopyrightCopyright Vilnius Gediminas Technical University Mar 2008. Provided by ProQuest LLC. (Hide copyright information)
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ABSTRACT. With a focus on the Nigerian property market, this paper considered and empirically analyzed how property market nature and the perception of market players of some qualitative factors have impacted on choice of property portfolio diversification strategies. Questionnaires, backed up with interviews, were administered on 28 institutional property investors and 159 real estate practitioners in three commercial nerve centres of Nigeria, namely, Lagos, Abuja and Port-Harcourt metropolitan areas. The frequency distribution analyses' results revealed that the Nigerian property market was an emerging one and, as it is expected, there was dearth of time series data while investors in the ...