Understanding stakeholders’ opinion and willingness on the adoption of sustainable residential property features in a developing property market

Abstract

Sustainable building connects with the safeguarding principles on built environment and climate change reality. Research have shown a compelling stakeholders’ willingness to invest in sustainable buildings in the developed economies and some emerging economies. However, information on key market actors’ opinion on the sustainability attributes, their willingness to adopt sustainable features and the acceptance of sustainable policy in residential property development in sub-Saharan Africa is under investigated. Our paper adopts a trio of the market-led actors’ perspective evaluation; Investors, Contractors and Users, to investigate perceptions on the sustainability attributes of eight contextual property-related sustainable features, unfolded from sustainability literature and identified during the pilot study in Lagos; the largest property market and economic nerve-centre of West Africa and Nigeria. We also examine the stakeholders’ willingness on the use of the sustainable features. The study employed analysis of variance, correlation analysis and willingness to adopt index (WTAI) and found that variations exist among different stakeholders. Therefore, the need to sensitize all stakeholders on the attributes of sustainable buildings, especially the extra-environmental benefits which is more relevant to the stakeholders in taking decisions on sustainable building adoption in developing economies.