Oyewole, M O; Ojutalayo, A A and Araloyin, F M (2019) Developers' willingness to invest in green features in Abuja, Nigeria. Smart and Sustainable Built Environment, 8(3), pp. 206-219. ISSN 2046-6099
Abstract
Purpose: The purpose of this paper is to investigate the degree of willingness of property developers to invest in green features in Abuja, the federal capital city of Nigeria, to determine the level of their preparedness for green building development. Design/methodology/approach: Data were elicited from the property managers of the various property development companies through self-administered questionnaire and analyzed with the use of frequency distribution, percentages and measures of developers' willingness to invest index. Findings: The study showed that the developers' level of willingness to invest in green features is above average with the value of willingness indices on most features rising above 2.5 on a five-point scale. Features that are less capital intensive such as “Location of air intake that are far from source of pollution” (RWI = 4.14) and “Building design that utilize natural and cross ventilation” (RWI = 4.12) attracted higher developers' level of willingness than features such as “Mechanical ventilation of enclosed parking area” (RWI = 2.15) and “Design for energy efficient deconstruction and recycling” (RWI = 1.84) that are more capital intensive. In addition, the index of willingness (relative willingness index of developers) on features that are associated with occupants' comfort is higher than the index of willingness on features that confer more of environmental benefits. Practical implications: The study concludes by advocating that parliamentary arms of all tiers of government should formulate environmental policies and laws that will entrench sustainable practices in the building industry in the country. Originality/value: This is one of the few studies on the willingness of major stakeholders to invest in green features, particularly in the Nigerian context.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | environment; investment |
| Index terms: | building industry, comfort, property development, building design, frequency distribution, sustainable practice, green feature, pollution, recycling, Nigeria, methodology, questionnaire, green building, environmental policy, Abuja, manager, mechanical ventilation, ventilation |
| Subjects: | environmental engineering, statistical analysis, environmental health, industry analysis, sustainable practices, occupational health and safety management, sustainable design, Geography, research methods, economic development, design practice, architectural design, public policy, practitioner, waste management, air quality, data collection methods |
| Topics: | Design Practice, Urban Studies, Roles and Professions, Sustainability, Governance, Health and Safety, Research Practice, Geographical Context, Engineering Principles |
| Descriptive scope: | 4 PCTA |
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