Analysis of constraints with access to secure property rights registration in Akure, Nigeria.

A reasonable proportion of economic achievement is derivable from active land market system that is supported with improved and formalized land right registration. However, there are still constraints with access to secure property rights registration in many states of Nigeria in contrast with the experience in developed economies. This situation inhibits a healthy real estate property market development. The paper elicited data form 150 professionals in the built environment within Akure, the capital of Ondo state, using a structured questionnaire. Twenty one variables were identified as constraints to property rights registration in the study area and the principal component of Factor analysis was adopted to classify them. The results show that six components accounted for 77.23% of the total variance explained and a total of six factors were extracted which converged in 10 iterations. Time taken in achieving land title registration, bureaucratic procedure involved, inappropriate document to work with, poor knowledge of ICT among officials and poor internet connectivity are among inhibiting factors. Geographic Information System (GIS) as well as modern Land Information System (LIS) needs to be introduced into property right registration process to make data more secure, enhance huge data storage, easy access and retrieval