Willingness to Pay for Sustainable Features in Prime Residential Submarkets of Lagos

Otegbulu, Austin

doi:10.1080/10835547.2018.12091908

Cited by 5 publications

(7 citation statements)

References 27 publications

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“…The method has been adopted and used to assess the value for green buildings [22,26], renewable energy [5], forests [9], wetlands [28], watersheds [37], and other non-market resource [33]. Although the contingent valuation method has been criticized for its reliability and validity of results, this problem has been avoided through many scholars' efforts by suggesting best practices for its survey [24,35].…”

Section: Contingent Valuation Methodsmentioning

confidence: 99%

“…Five credit categories appear to be ordinary looking at different green building schemes worldwide, which this paper adopted as the basic features of a green building as also used by [22,26] in their respective works. Therefore, to tag a building as the environmentally friendly building must pass the following test:…”

Section: Most Common Features Of Green Buildingmentioning

confidence: 99%

“…As a result, these countries have wit-nessed a green building revolution, driving design and construction toward sustainability. However, the concept of building green has not been embraced in most developing nations, such as Nigeria, which has yet to develop or adopt a green building certification scheme [22]. In addition, the upfront cost issue in building green is frequently cited as an obstacle to adopting the concept of building green [23,26].…”

Section: Introductionmentioning

confidence: 99%

“…Thus, recognising that over the years housing deficit in Nigeria affects medium and low-income earners, and the debt currently stands at 22 million units, coupled with the increasing need for housing by the aforementioned income groups [1], it is of utmost importance that the government and private developers find an urgent solution to this problem as the importance of housing cannot be overemphasized. With the desire to meet housing needs, coupled with the desire to build green, this paper investigated how willing will medium-income earners be to pay for green building features if provided using the contingent valuation method as also adopted by [22,27] by creating a hypothetical market and soliciting medium-income householders' opinion on their willingness to pay since there is no evidence of green building in the study area.…”

Section: Introductionmentioning

confidence: 99%

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Willingness to Pay for Green Building Features in the Medium-Income Residential Market of Makurdi, Nigeria

Takuh

Adeyemi

Bello

2021

PoS

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Investigating willingness to pay for green buildings in Nigeria and other developing nations is an urgent need since the world is advocating sustainable development, which the building industry must adopt while attempting to satisfy housing needs that are yet to be met in most developing countries. Recognizing that medium-income earners are victims of housing deficit who can afford housing to a reasonable extent in Nigeria, this paper aimed to investigate medium-income householders' willingness to pay for a green residential building to aid green building investment decisions in Makurdi. Three objectives were put in place to pursue the aim in which the study was approached quantitatively and adopted survey strategy using 300 questionnaires as the instruments for data collection as suitable for contingent valuation technique. Data collected were analyzed using the weighted mean, logistic model and multiple regression. The findings were that Makurdi medium-income earners find green features essential and are willing to pay a 3.3% premium price to purchase residential buildings with green features. Therefore, the paper recommends that the government and private investors strategically consider green residential buildings while creating more awareness of the importance of building green.

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Section: Contingent Valuation Methodsmentioning

confidence: 99%

Section: Most Common Features Of Green Buildingmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Willingness to Pay for Green Building Features in the Medium-Income Residential Market of Makurdi, Nigeria

Takuh

Adeyemi

Bello

2021

PoS

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“…The researchers of this paper share that such buildings may be cost demanding to acquire but cheaper than their conventional counterparts when comparing the cost in use. Despite how promising building green seems and the widespread adoption by developed states of the world, it is worrisome that Nigeria and most developing forms of the world are yet to embrace the concept of building green [16]. Even worse, Nigeria is yet to meet conventional housing needs for its citizens [13].…”

Section: Introductionmentioning

confidence: 99%

Effect of Satisfaction with Conventional Housing on Willingness to Pay for Green Buildings in Makurdi

Takuh

Abang

Akinyemi

2021

PoS

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Examining willingness to pay for the green residential building has become necessary since modern technology in the built environment drives towards providing green buildings to reduce the adverse effect of the building sector on Mother Earth. Yet, it is worrisome that the building industry in Nigeria is struggling to meet housing needs with conventional buildings. Hence, this paper aimed to investigate the effect satisfaction with traditional housing has on willingness to pay for green buildings to aid green building investment decisions in Makurdi. Three objectives pursued aim. The survey research strategy adopted using questionnaires as a research instrument as suitable for contingent valuation surveys. Three hundred samples were taken from a sample frame of 552 using the stratified sampling technique. Data collected were analysed using weighted mean, binary logistic model, and linear regression. The findings revealed that Makurdi householders are satisfied with conventional housing yet are willing to pay a 3.3% premium price to purchase green buildings; satisfaction with traditional housing negatively affects willingness to pay for green buildings. However, such an effect is not significant. Recommendations are made to create awareness on the importance of building green while investors are advised to invest in green homes.

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Willingness to Pay for Green Office: Evidence from Shanghai

Zhang

Yin

2022

Environ Sci Pollut Res

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Willingness to Pay for Sustainable Features in Prime Residential Submarkets of Lagos

Cited by 5 publications

References 27 publications

Willingness to Pay for Green Building Features in the Medium-Income Residential Market of Makurdi, Nigeria

Willingness to Pay for Green Building Features in the Medium-Income Residential Market of Makurdi, Nigeria

Effect of Satisfaction with Conventional Housing on Willingness to Pay for Green Buildings in Makurdi

Willingness to Pay for Green Office: Evidence from Shanghai

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