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ABSTRACT
This study attempts to categorize Benin City's residential real estate developments, assess the degree of such development, and ascertain the degree to which such development would influence Benin City's economic expansion. With the intention of supplying information that will assist investors, the government, and pertinent stakeholders on how residential property investment/development affects economic growth in Benin city, this study investigates the effects of residential real estate investment on economic growth within Benin city. The primary method of data collection in this study is a questionnaire, which is part of the research survey design used to get resident opinions. Therefore, this study was based on a combination of a methodical identification and review of literatures as well as a 190-item questionnaire survey that was given to Benin City residents who fell under the study's purview. The data was analyzed using descriptive statistics that were displayed in tables. The results showed that residential real estate development is rising, which has a positive impact on local economic activity. It was then determined that residential real estate is considered a driver of economic growth and that the government and other relevant stakeholders must implement appropriate policies to ensure that the sector is not over utilized. Local economic growth indices, such as job opportunities, business development, increased income level, and investment diversification/opportunities, are all positively affected.
