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Effects of Infrastructural Facilities on the Rental Values of Residential Property

Effects of Infrastructural Facilities on the Rental Values of Residential Property Journal of Social Sciences 5(4): 332-341, 2009 ISSN 1549-3652 © 2009 Science Publications 1 2 Julius Ajilowo Bayode Olujimi and Mustapha Oyewole Bello Department of Urban and Regional Planning, Department of Estate Management, Federal University of Technology, Akure, Ondo State, Nigeria Abstract: Problem statement: Real estate developers were consistently faced with the issue of making decisions on the types of property to invest their hard earned income or highly competitive secured mortgage funds, which were attached with high lending rates. One of the different sectors that are begging for such investment is residential property development. Approach: This study evaluated the effects of available infrastructure in residential property on its rental values in Akure, Ondo state, Nigeria. Two different sets of questionnaires were designed and administered for the collection of primary data used in the study. The first set of questionnaires was for the tenants of residential property while the second set of questionnaires was administered on the practicing estate surveyors based in Akure. The questions in the questionnaires amongst others probed into the types of available infrastructure in the rented apartment, rent paid, income of household-heads and family size. Primary data collected were subjected to multiple regression analysis and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Social Sciences Unpaywall

Effects of Infrastructural Facilities on the Rental Values of Residential Property

Journal of Social SciencesApr 1, 2009
10 pages

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Publisher
Unpaywall
ISSN
1549-3652
DOI
10.3844/jssp.2009.332.341
Publisher site
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Abstract

Journal of Social Sciences 5(4): 332-341, 2009 ISSN 1549-3652 © 2009 Science Publications 1 2 Julius Ajilowo Bayode Olujimi and Mustapha Oyewole Bello Department of Urban and Regional Planning, Department of Estate Management, Federal University of Technology, Akure, Ondo State, Nigeria Abstract: Problem statement: Real estate developers were consistently faced with the issue of making decisions on the types of property to invest their hard earned income or highly competitive secured mortgage funds, which were attached with high lending rates. One of the different sectors that are begging for such investment is residential property development. Approach: This study evaluated the effects of available infrastructure in residential property on its rental values in Akure, Ondo state, Nigeria. Two different sets of questionnaires were designed and administered for the collection of primary data used in the study. The first set of questionnaires was for the tenants of residential property while the second set of questionnaires was administered on the practicing estate surveyors based in Akure. The questions in the questionnaires amongst others probed into the types of available infrastructure in the rented apartment, rent paid, income of household-heads and family size. Primary data collected were subjected to multiple regression analysis and

Journal

Journal of Social SciencesUnpaywall

Published: Apr 1, 2009

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