Abstract
Purpose – The study examined the implication of residential housing mobility on the real estate market in Uyo, Nigeria. Design/Methodology/Approach-Data was obtained from a combination of questionnaire, interviews and discussions with over 900 respondents drawn from households in Uyo Capital City, Nigeria. Findings – The research shows the dynamic nature of the residential housing market arising from the mobility of the players on the demand side. This is mainly initiated by the desire for decent environment, secured neighbourhood, low crime rate, regular power supply, good road network, available water supply, less traffic congestion, proximity to workplace and proximity to other places of interest. Practical Implications – The results show that 58.7% of the self-employed, 51% of the civil/public servants and 54.3% of the private sector respondents prefer to live in purpose-designed housing layouts. The implication is that developers of residential properties, for rental or for outright sales, would find it more profitable to invest in properties located in designed residential estates rather than open locations. Originality/Value – This paper acts like a guide to the preferred residential property types and their preferred locations in Uyo, Nigeria. It also provides a greater understanding of the pattern of residential mobility in the city, the class of people who move and the major reasons why people move from one location to another.