Browsing by Author "Agava, H.Y."
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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 PERSPECTIVE OF NEIGHBOURHOOD PREFERENCE: A STUDY OF ILORIN CITY, NIGERIA.(Faculty of Environmental Sciences, Federal University of Technology, Minna, 2017) Abdulraheem, M.O.; Olorunfemi, J. F.; Ajibade, L. T.; Agava, H.Y.Previous studies have long-established a strong relationship between the neighbourhood and the kind of environment to which an individual has been exposed and life chances available to him. Attributes of neighbourhoods and the experiences provided have been found to affect people’s capabilities in terms of their ideas, achievements in life, as well as their socio-economic development. This has made studies on neighbourhood preferences attractive. The present paper is an attempt to identify the category of and preference for neighbourhoods by residents in Ilorin, Kwara State, Nigeria. Data used were collected through a systematic random sampling of 334 households with the aid of structured questionnaire. Simple percentages, graphs and charts were used in data analysis and presentation. Findings of the study revealed that neighbourhood preference is not dependent on socio-economic status. Irrespective of background, the high income residential area (GRA) is the preferred place to live by the respondents.