Assessment of barriers and strategies to sustainable property management in Jos, Plateau State

Abstract

The global emphasis on ensuring sustainability across all industries will inevitably have an impact on the real estate sector. This study examines the state of sustainable property management practices in Nigeria, with a focus on the strategies and challenges encountered by property managers in Jos, Plateau State. This study looks at the methods and challenges of sustainable property management in Jos, Nigeria, by distributing a structured questionnaire to 20 estate surveying and valuation companies. Of the responses, 19 were helpful. Purposive sampling is used in this study, which focuses on registered companies in the Jos branch of the Nigerian Institution of Estate Surveyors and Valuers. Binary Logistic and descriptive statistics were employed in the data analysis to gauge the perceived importance of the variables affecting sustainable practices. The findings indicate that technological expertise (mean value 4.05) and economic stability (mean ranking 4.26) were two major barriers to sustainable property management in the study area. Important sustainability strategies like increasing waste recycling and reducing water waste are highlighted in the study. The logistic model explains about 50% of the cases of no barriers on sustainable property management practices, 72.7% for its significance effect, and it correctly classifies 63.2% of the included cases. Major barriers to sustainable property management (SPM) were found by the binary logistic regression to be sustainable building design, financial constraint and lack of awareness. Promoting sustainable management in the real estate industry requires addressing these issues with focused interventions, like financing and training.