sitelogo
 Home»Estate Management» The impact of demand pressure on property value in Enugu metropolis from 2009 - 2018

The impact of demand pressure on property value in Enugu metropolis from 2009 - 2018

 Department: Estate Management  
 By: usericon Chukwuemeka  

 Project ID: 2874
   Rating:  (3.1) votes: 16
Rate this project
   Price:₦3000
Abstract
Residential accommodation is one of the physiological needs of man. As a unit of health, social behaviour,  satisfaction and a  basis from which economic activities can be pursued, it ought to be leased or bought at a reasonable price. Apart from the fact that rents for residential properties are sensitive to location, size, age, amenities, state and style, the urban rental market mainly interplays itself by the interactive forces of demand and supply. The major attribute of Enugu Urban Rental Market is high demand against low supply and rapidly increasing rentals. The aim of the study is to determine the magnitude of the demand pressure on residential rentals in  Enugu from 2009  to  2018? as measured by the geometric growth rate per annum. This work will not only provide information on investment opportunities in the market but will serve as a guide to government institutions and policy makers on housing. The study adopted the survey research approach using the Enugu Urban Rental Market as a case study. Documents were obtained and examined from various areas such as all residential properties in  Enugu metropolis, all landlords and tenants of properties, all Estate Surveying and Valuation Firms and Property Companies within the urban area formed the universe for the study. A sample size of 500 was chosen using the Yaro Yamani Model while Stratified Random Sampling Technique was used to select the 500 samples. Data retrieved from 2208 or 82.1% of the sample were subsequently presented in contingency tables for statistical analysis.  Geometric mean, Frequency Distribution, Test of Two Proportions (Binomial Test) and Product Moment  Correlation Coefficient (r) were used in Data Analysis. The result obtained showed that the two principal factors (demand and supply) identified as basic to influencing residential rent have positive co-variation relationships....
Preview +
Other Estate Management project topics and materials you might be interested in
»Effect of building material cost on housing development in Nigeria
»Effects of obsolescence on residential properties (a case study of Oparanozie street in Owerri, Imo state)
»An assessment of residential housing problem in the urban areas of Nigeria (a case study of Umuahia urban)
»Effect of environmental pollution on real estate development (a case study of Warri, Delta state)
»Recreational Property Development in Owerri Imo State ( A Case Study of Owerri Municipal )
»Problems of urban land management (a case study of Owerri capital territory)
»Challenges associated with the valuation of specialized properties
»Challenges associated with real estate investment in Enugu, Nigeria
»The effect of oil spillage on residential property investment (a case study of Oyibo in Rivers state)
»Effect of location on rental value of commercial property - a case study of Bida metropolis
»The economic implication of multiple hostel accommodation in tertiary institution in Nigeria (a case study of federal polytechnic Nekede, Owerri)
»Impact of land use act on property development in Nigeria
»Comparative analysis of the impact of infrastructural facilities on the value of properties
»Land use regulations and its effects on land development
»The impact of Akwa ibom state university of science and technology on social development of mkpat enin L.G.A Akwa ibom state

Upload Project

Do you have project materials to share? Upload and earn with it.

Departments