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The Impact of Entrepreneurial Innovation on Real Estate Investment in Nigeria: A Smart PLS- SEM Approach Saad, Abdulfatai; Milala, Sani Inusa
TECHNOVATE: Journal of Information Technology and Strategic Innovation Management Vol. 1 No. 4 (2024): October 2024
Publisher : PT.KARYA GEMAH RIPAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52432/technovate.1.4.2024.185-197

Abstract

The real estate sector is undergoing significant changes due to the rise of innovative financing models and Prop-Tech adoption. However, the effects of these developments on key real estate variables such as financing options, investor confidence, market growth, and property valuation have not been adequately explored. This study addresses the gap by investigating how these factors interact and impact the overall real estate market, especially in the context of emerging economies. The need for this study arises from the growing reliance on technology and new financial structures in real estate, where understanding their implications is vital for ensuring market sustainability and investor security. The aim is to assess the influence of innovative financing models and Prop-Tech adoption on key real estate factors, with a focus on Nigerian real estate markets.  A structural equation modeling (SEM) approach was applied to data from 327 respondents in the real estate sector to test the relationships between these variables. Results indicate that innovative financing models have a significant positive impact on financing options (? = 0.606, p < 0.001), investor confidence (? = 1.108, p < 0.001), market growth (? = 0.182, p < 0.001), and property valuation (? = 0.173, p < 0.01). Similarly, Prop-Tech adoption positively affects market growth (? = 0.762, p < 0.001) and property valuation (? = 0.770, p < 0.001), but negatively influences investor confidence (? = -0.128, p < 0.001), suggesting that technology adoption can raise concerns among investors. In conclusion, the study highlights the significant roles of innovative financing models and Prop-Tech adoption in driving market growth and property valuation. However, their differing effects on investor confidence warrant attention, as addressing these concerns is essential for fostering balanced and sustainable growth in the real estate sector.
The Impact of Climate Change on the Real Estate Investment in Northern Eastern Nigeria Saad, Abdulfatai; Milala, Sani Inusa
TECHNOVATE: Journal of Information Technology and Strategic Innovation Management Vol. 1 No. 4 (2024): October 2024
Publisher : PT.KARYA GEMAH RIPAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52432/technovate.1.4.2024.198-207

Abstract

Climate change presents significant challenges to various sectors, particularly real estate investment, in regions like northeastern Nigeria, which are highly vulnerable to environmental fluctuations. This study addresses the critical need to understand how climate change impacts real estate investment decisions in states such as Borno, Yobe, Bauchi, Gombe, Taraba, and Adamawa. The primary aim of this research is to analyze the correlation between climate change impacts and real estate investment value, utilizing quantitative research methods. A structured questionnaire was distributed among real estate stakeholders, with a total sample size of 300 respondents, including 50 participants from each state in the region, employing purposive sampling for targeted insights. The analysis revealed a significant negative correlation (r = 0.65, p = 0.002) between climate change impacts and investment value, indicating that heightened environmental risks lead to decreased investor confidence and reduced property investments. Regression analysis further confirmed this trend, showing a regression coefficient of -0.50 (p = 0.001), suggesting that for each unit increase in climate change impact, real estate investment decreases by half a unit. T-test results highlighted a significant decline in investments post-climate events (t 298) = 3.45, p = 0.001), while ANOVA results demonstrated significant differences in investment levels across states (F 5, 294) = 4.20, p = 0.001). These findings collectively affirm that climate change significantly influences real estate investment decisions in northeastern Nigeria, necessitating urgent strategies for climate resilience and adaptation in the real estate sector. Stakeholders, including policymakers and investors, must recognize the importance of integrating climate considerations into their planning and decision-making processes to mitigate potential losses and foster sustainable growth in the real estate market.