Factors influencing Land Ownership and Real Estate Investment Decisions in Ile-Ife (Ife Central as a case study)

This paper examines factors influencing land ownership and real estate investment decisions in Ile-Ife. Investment property can be residential building, commercial building, factory and vacant land. The term investment property usually describes property that the owner does not occupy, but in some cases, the owner may occupy a portion of it. Although property in Ile-Ife may not be able to give a good income like their counterparts in Lagos or Abuja, but there are a number of factors which influences the choice of such investment decisions. Therefore, this research was conducted to find out the factors that contribute to the decision making in land ownership and real estate investment in Ife. Information gathered was through the use of questionnaire in the study area. The use of frequency tables, charts and ANOVA was adopted in analyzing the questionnaire.