An Assessment of the Impact of Climate Change on Property Investment Decisions in Kebbi State
- Project Research
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- NGN 5000
Background of the Study
Climate change, characterized by rising temperatures, unpredictable rainfall patterns, and increased incidences of natural disasters, has emerged as a global challenge with far-reaching implications. In the real estate sector, climate change influences property investment decisions by affecting infrastructure durability, insurance costs, and risk assessments (Ogunleye & Adamu, 2023). Kebbi State, located in the Sahel region of Nigeria, is increasingly vulnerable to these challenges due to its dependence on climate-sensitive sectors such as agriculture and its susceptibility to flooding and desertification.
As investors grow increasingly aware of climate risks, the demand for climate-resilient properties is rising. However, in Kebbi State, there is limited research on how these factors influence property investment decisions. This study seeks to evaluate the impact of climate change on real estate investments in the state, providing insights into how stakeholders can mitigate risks while optimizing returns.
Statement of the Problem
The increasing frequency of extreme weather events in Kebbi State has heightened the vulnerability of property investments to climate-related risks. Issues such as structural damages from flooding, declining land values in high-risk areas, and rising insurance premiums discourage investments (Ibrahim & Musa, 2024). Despite these challenges, there is insufficient data on how climate change specifically influences investor behavior in the state’s real estate market. This research addresses the gap by assessing the extent of climate change's impact on property investment decisions in Kebbi State.
Objectives of the Study
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To identify the key climate-related risks affecting property investments in Kebbi State.
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To evaluate the extent to which climate change influences property investment decisions.
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To recommend strategies for mitigating climate-related risks in property investments.
Research Questions
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What are the primary climate-related risks affecting property investments in Kebbi State?
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How does climate change influence property investment decisions in Kebbi State?
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What strategies can mitigate the impact of climate change on property investments?
Research Hypotheses
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Climate-related risks significantly impact property investments in Kebbi State.
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Investor awareness of climate change influences property investment decisions.
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Implementing climate-resilient strategies reduces the negative impact of climate change on property investments.
Scope and Limitations of the Study
The study focuses on the real estate market in Kebbi State, exploring how climate-related risks affect property investment decisions. Limitations may include challenges in obtaining reliable climate data and potential respondent bias in reporting investment behaviors.
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