Publication Details
Abstract
This research assesses the distribution of educational real estate investment in Akwa Ibom
State of Nigeria, with a view to examining the difference in the number of educational real
estate investment in the study area. In order to achieve the stated aim, the following
objectives were set: to evaluate the distribution of educational real estate investments in the
study area and to determine the difference in the distribution of educational real estate
investments in the study area. This research adopted the cross-sectional survey type of
design. Purposive sampling was employed to choose Ikot Ekpene, Uyo and Eket local
government areas. Stratified sampling technique was employed to divide the study area into
11 wards each. A total enumeration survey of all the approved private primary educational
real estate investments was carried out in the study area. Data was obtained and analyzed
with the help of SPSS software. One-way multivariate analysis of variance was employed to
test the significant difference in the number of educational real estate investments in the
study area. The result showed the highest mean of 23.91 in the urban wards of Uyo and a
least mean of 6.09 in the rural wards of Ikot Ekpene. The multivariate analysis of variance
was also carried out It was found out that there was an overall significant difference between
the means of investments in the rural areas F (2, 30) = 19.66, p < 0.01, partial = 0.57. The
mean of privately educational real estate investment in the suburban area was also found to
be different according to group F (2, 30) = 8.09, p < 0.01, partial = 0.35. However, the
investment in private educational real estate failed to attain statistical significance F (2, 30)
= 3.55, p < 0.01, partial = 0.19. The study concluded that educational real estate investment
is low in the rural sections of the study area. The researchers recommended that investors in
educational real estate investment should gain advantage of the emerging educational real
estate market in the rural areas of Akwa Ibom State.
State of Nigeria, with a view to examining the difference in the number of educational real
estate investment in the study area. In order to achieve the stated aim, the following
objectives were set: to evaluate the distribution of educational real estate investments in the
study area and to determine the difference in the distribution of educational real estate
investments in the study area. This research adopted the cross-sectional survey type of
design. Purposive sampling was employed to choose Ikot Ekpene, Uyo and Eket local
government areas. Stratified sampling technique was employed to divide the study area into
11 wards each. A total enumeration survey of all the approved private primary educational
real estate investments was carried out in the study area. Data was obtained and analyzed
with the help of SPSS software. One-way multivariate analysis of variance was employed to
test the significant difference in the number of educational real estate investments in the
study area. The result showed the highest mean of 23.91 in the urban wards of Uyo and a
least mean of 6.09 in the rural wards of Ikot Ekpene. The multivariate analysis of variance
was also carried out It was found out that there was an overall significant difference between
the means of investments in the rural areas F (2, 30) = 19.66, p < 0.01, partial = 0.57. The
mean of privately educational real estate investment in the suburban area was also found to
be different according to group F (2, 30) = 8.09, p < 0.01, partial = 0.35. However, the
investment in private educational real estate failed to attain statistical significance F (2, 30)
= 3.55, p < 0.01, partial = 0.19. The study concluded that educational real estate investment
is low in the rural sections of the study area. The researchers recommended that investors in
educational real estate investment should gain advantage of the emerging educational real
estate market in the rural areas of Akwa Ibom State.
Keywords
Distribution
educational
real estate
investment
Akwa Ibom State.