An Appraisal of Eco-Friendly Housing Estates and Their Market Competitiveness in Jos, Plateau State
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- NGN 5000
Background of the Study
Eco-friendly housing estates, designed to minimize environmental impact and optimize resource use, are gaining global recognition for their role in sustainable urban development. These estates integrate renewable energy, water-saving technologies, and eco-friendly materials to create sustainable living environments (UN Habitat, 2024). In Jos, a city renowned for its temperate climate and rich cultural heritage, the concept of eco-friendly housing is gradually gaining traction, driven by increasing environmental awareness and demand for sustainable living options.
As global trends show a strong preference for sustainable housing, the competitiveness of eco-friendly estates in Jos’s real estate market becomes a critical area of inquiry. While some developers have embraced green building principles, the overall market response remains under-researched, particularly regarding buyer preferences, cost implications, and long-term market viability (Lawan & Samuel, 2023).
Statement of the Problem
Eco-friendly housing estates offer significant environmental and economic benefits, yet their adoption in Jos remains limited. High construction costs, limited awareness, and inadequate policy support hinder the competitiveness of these estates in the local market. Additionally, the perception that eco-friendly homes are a luxury rather than a necessity deters widespread adoption.
This study explores the competitiveness of eco-friendly housing estates in Jos, identifying challenges and opportunities to enhance their market appeal and adoption rates.
Objectives of the Study
- To evaluate the adoption of eco-friendly housing estates in Jos, Plateau State.
- To assess the market competitiveness of eco-friendly housing estates in Jos.
- To identify challenges and opportunities for promoting eco-friendly housing estates in Jos.
Research Questions
- What is the current level of adoption of eco-friendly housing estates in Jos?
- How competitive are eco-friendly housing estates in Jos’s real estate market?
- What challenges and opportunities exist for promoting eco-friendly housing estates in Jos?
Research Hypotheses
- The adoption level of eco-friendly housing estates in Jos is low.
- Eco-friendly housing estates are less competitive in Jos’s real estate market compared to conventional housing.
- High construction costs and limited awareness are significant challenges to promoting eco-friendly housing estates in Jos.
Scope and Limitations of the Study
This study focuses on eco-friendly housing estates in Jos, Plateau State, analyzing their adoption levels and market competitiveness. Limitations include a potential lack of comprehensive data on eco-friendly housing developments and limited access to developers’ proprietary information.
Definitions of Terms
- Eco-Friendly Housing Estates: Residential developments designed with sustainable materials and technologies to minimize environmental impact.
- Market Competitiveness: The ability of a product or service to compete effectively in the marketplace.
- Sustainability: The ability to maintain ecological and resource balance over time.
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