Home»Estate Management» An appraisal of the trend in rental value of residential property within the last ten years

An appraisal of the trend in rental value of residential property within the last ten years

 Department: Estate Management  
 By: usericon tunde01  

 Project ID: 2056
   Rating:  (3.1) votes: 21
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Housing problems in urban centers have often been viewed in terms of qualitative and quantitative inadequacy with or without attention to the problem of increasing rent. The rent which land and landed properties may generate can be affected by some trends/factors, the aim of this study is to access and probe into the circumstances responsible for the constant changes in rental values of residential properties in the study area which are as follows the location factors, population, characteristics of neighborhood, architectural design, income of the people, facilities provided among others. Also, the realism of future technological advancement influences the rental value of the property. The periodic trend in rental value is considered by some landlord/owners as easy access to boost their ego. It is necessary to correct this in an area where development and commercial activities are very rampant and also in an improved speed particularly in GRA of Ilorin. To determine the trends in rental values of properties considering its location or position in Ilorin metropolis, its level of commercial activities and the population of the people therein. It is important and paramount to estimate and arrive at the most suitable and optimum value for properties in other to forestall the level of its commercial activities and also to encourage continuous developments... ...
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