Influence of electricity availability on the intention to invest in residential real estate in Akure Nigeria: Mediating roles of perceived behavioral control and attitude

Abstract

Globally, factors influencing the residential real estate market are of great importance. This study examines the influence of theory of planned behavior constructs as well as introduces uninterrupted electricity supply as electricity availability construct in place of the locational attributes on intention to invest in residential real estate. In addition to the mediation effects of attitude and perceived behavioral control on the relationships between electricity availability and intention to invest in real estate property. The data for this study were obtained from the residents of government-reserved areas in Akure, Ondo State, Nigeria. Based on random sampling techniques, a total of 132 questionnaires were useful for this study. The results established the indirect-only mediation and the no-effect non-mediation for both paths via attitude and perceived behavioral control respectively. Among other results, the study concluded that attitude is a reliable antecedent of behavioral intention in making a decision to invest in residential real estate in the study area.