Oyewole, M O; Komolafe, M O and Gbadegesin, J T (2023) Understanding stakeholders' opinion and willingness on the adoption of sustainable residential property features in a developing property market. International Journal of Construction Management, 23(2), pp. 358-370. ISSN 1562-3599
Abstract
Sustainable building connects with the safeguarding principles on built environment and climate change reality. Research have shown a compelling stakeholders' willingness to invest in sustainable buildings in the developed economies and some emerging economies. However, information on key market actors' opinion on the sustainability attributes, their willingness to adopt sustainable features and the acceptance of sustainable policy in residential property development in sub-Saharan Africa is under investigated. Our paper adopts a trio of the market-led actors' perspective evaluation; Investors, Contractors and Users, to investigate perceptions on the sustainability attributes of eight contextual property-related sustainable features, unfolded from sustainability literature and identified during the pilot study in Lagos; the largest property market and economic nerve-centre of West Africa and Nigeria. We also examine the stakeholders' willingness on the use of the sustainable features. The study employed analysis of variance, correlation analysis and willingness to adopt index (WTAI) and found that variations exist among different stakeholders. Therefore, the need to sensitize all stakeholders on the attributes of sustainable buildings, especially the extra-environmental benefits which is more relevant to the stakeholders in taking decisions on sustainable building adoption in developing economies.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | energy conservation; green building; Nigeria; residential property; sustainable features; willingness to adopt |
| Index terms: | variance, investor, West Africa, residential property, Nigeria, correlation analysis, emerging economy, Lagos, built environment, energy conservation, property market, Sub-Saharan Africa, developing economy, sustainable building, variation, green building, climate change |
| Subjects: | construction type, climate science, real estate economics, energy systems, design practice, physical geography and landforms, economic development, contractual condition, Geography, sustainable construction, sociology, measurement and scaling, infrastructure and transport systems, statistical analysis |
| Topics: | Contract Administration, International Construction, Design Practice, Urban Studies, Construction Technology, Sustainability, Stakeholder Management, Research Practice, Geographical Context |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here