International records / OpenAlex research

Assessment of Real Estate Development Financing Models in Lagos State, Nigeria

Background Financing remains a critical challenge in Nigeria’s real estate sector, where high capital intensity, macroeconomic instability, and weak institutional frameworks limit sustainable housing delivery. This study evaluates the financing models adopted by real estate developers in Lagos State and identifies the key factors influencing their adoption, contributing to the scarce empirical evidence on financing innovation in emerging markets.  Methods Using the 2025 REDAN Lagos State directory, the study targeted 391 registered development firms. A sample size of 194 was determined with Y…