Browsing by Author "Adeogun, A.S."
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Item ADVANCING PROPERTY INVESTMENT RETURNS THROUGH IMPROVED URBAN NEIGHBOURHOOD INFRASTRUCTURE CONDITIONS IN JOS CITY(2021-11) Adeogun, A.S.; Shittu, W.O.; Agava, H.Y.; Oladimeji, S. B.Infrastructure is one of the substantial indicators of neighbourhood and urban quality; it possesses the capability to draw and sustain returns on property investment. This study focuses on the urban neighbourhood infrastructure conditions as a pointer to ideal residential property investment returns in Jos city, Nigeria. The study adopted a survey research design using structured questionnaires to gather the required data. The data required are property transaction data on rental value and capital value of residential properties and the conditions of basic infrastructure in the selected neighbourhoods of Jos city. These data were sourced from practicing Estate Surveyors and Valuers practicing in Jos as well as the residents of the selected neighbourhoods. The estimated sampled size was 251 and only 161 questionnaires were recovered. The data collected were analysed using descriptive and inferential statistics. They are mean score, standard deviation, coefficients of variation and Spearman’s Rank Order Correlation model. The results of the analysis revealed that residential property investment performed better in Gwang layout and Lowcosts than Rayfield and Kufong areas on the basis of risk-return. The risk-return ratios range between 8% and 38%. Rayfield and Kufong residential market showed high level market volatility indicating the risky nature of these property submarkets. Infrastructure condition indices in Rayfield and Kufong is higher than ideal condition index (Benchmark), ranging between 72%-89% and 81%-94%. Few urban neighbourhood infrastructure conditions in Gwang Layout and Lowcosts are found to be below the benchmark. The study concluded that infrastructure has a strong influence on residential property investment returns in the study areas. It therefore, recommended that infrastructure condition should be given special attention when forming opinion on residential property investment.Item ANALYSIS OF PREFERENCE FOR RESIDENTIAL NEIGHBOURHOOD IN ILORIN, NIGERIA(West African Built Environment Research, 2017) Adeogun, A.S.; Raheem, W.M.; Shittu, W.O.; Bako, A.I.There are hierarchies of residential neighbourhoods in human settlements depending on the quality, space and number of inhabitants among others. These, to a large extent dictate the choice of or preference for neighbourhood by the residents. This study is on the assessment of Residential Neighbourhood Preference of residents in Ilorin metropolis. Data for the study were collected using random sampling method from nine different neighborhoods in the order of low, medium and high residential densities. These are GRA, Adewole Estate, Onikanga axis (Low Density), Kulende, Basin and Fate-Tanke (Medium Density) Gaa-Akanbi, Oloje and Sango (High Density). The study employed primary and secondary data such as the quality of dwelling units in each neighbourhood, which highlights the state of individual houses, the physical structure and the quality of the environment. Also assessed was the accessibility to urban infrastructures. In all, questionnaires were administered on 300 respondents. Data were analysed using descriptive and inferential statistics. Descriptive statistics such as chi square, frequency and percentage were used to present results. Also, One Way Analysis of Variance (ANOVA) was used to examine the variation among the preferred facilities in the areas while Likert rating was used on residents’ preference for locational attributes. Preference level by residents across the study area indicated that the most preferred neighbourhoods are GRA, Adewole Estate and Onikanga axis; the fairly preferred are Kulende, Basin and Fate-Tanke while Gaa akanbi, Oloje and Sango are the least preferred neighbourhoods. It also revealed that, residents generally place more emphasis on social settings, proximity to and availability of urban infrastructure, neighbourhood quality and the quality of immediate surroundings, in the selection of their most preferred neighbourhood. The study recommended the execution of appropriate urban renewal strategies by the government in areas fairly and least preferred by residents to engender better habitation and enhance quality lifeItem ASSESSMENT OF ADEQUACY OF URBAN INFRASTRUCTURE AND ITS IMPACTS ON RESIDENTIAL PROPERTY VALUES IN ILORIN WEST, KWARA STATE, NIGERIA(School of Environmental Technology (SET), Federal University of Technology, Minna., 2015) Bako, Abdullateef Iyanda; Adeogun, A.S.Item Assessment of the Impact of Development Control Measure on Residential Property Rental Values in Minna Metropolis(Faculty of Environmental Technology, Abubakar Tafawa Balewa University Bauchi, 2017) Adeogun, A.S.; Nasiru, S.; Wahab, M.B.; Raheem, W.M.; Kemiki, O.A.The study determined the impact of development control on the trend in rental of property in Minna. Data for the study were from residents of the neighbourhood, estate surveyors and valuers, town planners and personal observation through questionnaire. Cluster random sampling technique was adapted to divide the area into residential neighbourhoods; and furthermore, a purposive sampling technique was used because of the residential property characteristic. The data were analysed using inference statistical tools like Gini-co-efficient, correlation and multi-regression analysis among others. The resultant outcome showed that there is a strong positive relationship between development control measures and residential property rental values and also development control measures are not adequately enforced in the planned and unplanned neighbourhoods. It was recommended that estate surveyor and valuer's should advise their clients on the need and importance of investing in neighbourhood that have harmonious land use in order to easily recoup the huge capital outlay invested on residential property development and government should adopt new trends like the guided land development (GLD) and sustainable city programme (SCP). This will provide advancement in the frontier of investment in residential property development through proper execution of development control measuresItem The Effects of Spatial Distribution of Infrastructure on Residential Property Values in Minna(Federal University of Technology Minna, 2018) Adeogun, A.S.; Sule, A.I.; Idowu, O.O.; Raheem, W.M.Item Evaluation of the interplay between Urban infrastructure conditions and Residential property investments return in Ilorin, Nigeria(Ladoke Akintola University of Technology Press, Ogbomoso, Nigeria, 2020) Adeogun, A.S.; Raheem, W.M.; Olabisi, S.A.Item Innovative Means of Transforming Waste to Wealth in Nigeria: An Overview(Ladoke Akintola University of Technology Press, Ogbomoso, Nigeria, 2020) Musa, U.G.; Adeogun, A.S.; Jibril, A.; Raheem, W.M.Item NIGERIAN ENVIRONMENTAL LAWS AND THE CHALLENGES OF SUSTAINABLE URBAN DEVELOPMENT: A CASE STUDY OF LAGOS(Department of Estate Management and Valuation, Federal University of Technology, Minna, Niger State, Nigeria, 2017) Bako, Abdullateef Iyanda; Adeogun, A.S.Item : Perceptual Analysis of the Impacts of Urban Infrastructure on Sustainable Real Estate Development in Minna, Niger State(Faculty of Environmental Sciences, University of Ilorin, Nigeria, 2015) Adeogun, A.S.; Jimoh, M.Y.; Raheem, W.M.This study examines the residents’ perceptual impacts of urban infrastructure on real estate development in selected residential neigborhoods in Minna, Niger State. Several residential real estates were being developed without prior and corresponding attention to the provision of infrastructure despite its perceived importance as one of the basic agents of development. It is on this premise that the paper seeks to establish the relationship between urban infrastructure on real estate development while analyzing the impacts of the former on latter. The paper attempts to highlight the background of the study. Data were gathered from residents in the selected neighborhoods of the study area and other stakeholders in real estate sector through questionnaires and personal interview through stratified random sampling technique. The sample size was determined, a total of 145 samples were estimated inclusive of non-responses. Data were analysed using mixed (Quantitative and Qualitative) methods. Computer aided Statistical Package for Social Sciences (SPSS) was employed and responses were scaled using likert scale while other data were correlated to establish various relationships. The paper reveal a strong relationship between infrastructure and real estate development in the selected neighborhood of Minna and the implication of this is that availability of infrastructure will relatively cause increase in residential real estate development.