Thesis Abstract

Abstract
Recreational property development has become a significant area of interest in real estate due to the growing demand for leisure and vacation facilities. This research project focuses on exploring the various aspects of recreational property development, including market trends, investor preferences, design considerations, and sustainability practices. The study employs a mixed-methods approach, combining quantitative analysis of market data with qualitative insights from industry experts and stakeholders. The findings reveal that there is a strong market demand for high-quality recreational properties in popular vacation destinations. Investors are increasingly interested in diversifying their portfolios with leisure-focused assets that offer potential for long-term growth and rental income. Design considerations play a crucial role in the success of recreational property developments, with factors such as location, amenities, and recreational activities influencing buyer decisions. Sustainability is an emerging trend in recreational property development, with eco-friendly design principles and green technologies gaining popularity among developers and buyers alike. The research highlights the importance of incorporating sustainable practices not only as a means of reducing environmental impact but also as a way to attract environmentally-conscious consumers and enhance property value. Overall, the study provides valuable insights into the dynamics of recreational property development and offers practical recommendations for developers, investors, and other industry stakeholders. By understanding market trends, meeting investor preferences, incorporating innovative design features, and embracing sustainability practices, developers can create successful recreational properties that meet the needs of today's leisure-oriented consumers while also contributing to a more sustainable future for the industry.

Thesis Overview

Owerri is a fast growing city and its growth is largely attributed to the role it assumed after the Nigerian civil war as the commercial nerve (activities) centre of Imo State. The study gives an insight on the nature and condition of the recreational properties in Owerri. The global economic meltdown and its resulting problems have not contributed in a small measure in making real property management and development a difficult task. The project work is aimed at looking at the various classes of recreational properties its condition and its availability in Owerri. In order to get adequate data needed for this work the following methods were adopted questionnaires interview and personal observation. Data collected from both secondary and primary sources were analyzed through the use of percentage distribution and degrees to facilitate the comparison of the various responses from the respondents. Reasonable recommendations were made towards improvement of recreational facilities and its property management in Owerri.