The Factors Driving Changes in the Residential Property Market in Udoka Housing Estate, Ngozika Housing Estate and GRA AWKA ANAMBRA STATE (2020 – 2024)

This study examines the factors driving changes in the residential property market in Udoka Housing Estate, Ngozika Housing Estate and GRA Awka Anambra State. The objectives of the study are: to identify and analyze the main/major factor(s) driving changes in the residential property market in Udoka Housing Estate, Ngozika Housing Estate and GRA Awka Anambra State. The study adopted the use of questionnaire, interview and document analysis. Descriptive analysis was used to summarise the data collected. Tables and simple percentages including Frequency Distribution, and Mean Ranking were used. The population of the study was 561 consisting of all stakeholders in the rental market of Awka. This includes Tenants, Landlords, Property Developers, and Real Estate Agents involved in the rental market. Since the study population has different characteristics, they were stratified and sampled for study. The analysis reveals that the security were ranked 1st as the major factor that derived change in the residential property market in Udoka Housing Estate, Ngozika Housing Estate and GRA AWKA ANAMBRA STATE also show that Economic Growth, Urbanization, Demographic Changes, Infrastructural Development and Security are the main contributing factors to changes in the residential property market in Udoka Housing Estate, Ngozika Housing Estate and GRA AWKA ANAMBRA STATE. The researchers conclude that while the residential property market in Udoka Housing Estate, Ngozika Housing Estate and GRA Awka Anambra State offers numerous opportunities for investment and economic growth, effective urban planning and equitable housing policies are essential to ensure inclusive and sustainable development. Recommendations include promoting security.