Distribution of Educational Real Estate Investment in Akwa Ibom State, Nigeria

Authors

  • Mbosowo Ebong Department of Estate Management and Valuation, Akwa Ibom State Polytechnic, Ikot Osurua, Ikot Ekpene, Akwa Ibom State
  • Glory Akanimo Department of Architecture, Akwa Ibom State Polytechnic, Ikot Osurua, Ikot Ekpene, Akwa Ibom State
  • Dianabasi Reuben Department of Architecture, Akwa Ibom State Polytechnic, Ikot Osurua. Ikot Ekpene. Akwa Ibom State

Keywords:

Distribution, educational, real estate, investment, Akwa Ibom State

Abstract

This research assesses the distribution of educational real estate investment in Akwa Ibom State of Nigeria, with a view to examining the difference in the number of educational real estate investment in the study area. In order to achieve the stated aim, the following objectives were set: to evaluate the distribution of educational real estate investments in the study area and to determine the difference in the distribution of educational real estate investments in the study area. This research adopted the cross-sectional survey type of design. Purposive sampling was employed to choose Ikot Ekpene, Uyo and Eket local government areas. Stratified sampling technique was employed to divide the study area into 11 wards each.  A total enumeration survey of all the approved private primary educational real estate investments was carried out in the study area. Data was obtained and analyzed with the help of SPSS software. One-way multivariate analysis of variance was employed to test the significant difference in the number of educational real estate investments in the study area. The result showed the highest mean of 23.91 in the urban wards of Uyo and a least mean of 6.09 in the rural wards of Ikot Ekpene. The multivariate analysis of variance was also carried out It was found out that there was an overall significant difference between the means of investments in the rural areas F (2, 30) = 19.66, p < 0.01, partial = 0.57. The mean of privately educational real estate investment in the suburban area was also found to be different according to group F (2, 30) = 8.09, p < 0.01, partial = 0.35. However, the investment in private educational real estate failed to attain statistical significance F (2, 30) = 3.55, p < 0.01, partial = 0.19. The study concluded that educational real estate investment is low in the rural sections of the study area. The researchers recommended that investors in educational real estate investment should gain advantage of the emerging educational real estate market in the rural areas of Akwa Ibom State.

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Published

2024-01-11

How to Cite

Ebong, M., Akanimo, G., & Reuben, D. (2024). Distribution of Educational Real Estate Investment in Akwa Ibom State, Nigeria. International Journal of Academic Integrity and Curriculum Development, 1(1), 55–63. Retrieved from https://academicajournal.com/IJAICD/article/view/16

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