Browsing by Author "Rasheed Alimi"

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    Urban Neighbourhood Infrastructure Conditions and Residential Property Investment Performance in Jos City, Nigeria
    (University of Sri Jayewardenepura, 2023-06-30) Sunday Adeogun; Olalekan Aduloju; Abdulfatai Anofi; Rasheed Alimi
    The performance of residential property investments is intricately tied to neighbourhood infrastructure. This study examines the impact of urban neighbourhood infrastructure on property investment performance in Jos, Nigeria. Through direct observations, secondary data analysis, and surveys conducted among 161 respondents (returned forms from selected residents and registered estate surveyors and valuers drawn from estate surveying firms) in Kufong, Gwang Layout, Low-cost, and Rayfield neighbourhoods, the study reveals varying levels of investment performance. Gwang Layout and Low-cost exhibit superior returns compared to Rayfield and Kufong, which experience higher market fluctuations (8% - 36%). Infrastructure condition indices for Rayfield and Kufong range between 72% and 89% and 81% and 94%, respectively. In contrast, some aspects of infrastructure in Gwang Layout and Low-cost fall below standards. The study underscores the significant impact of functional infrastructure on residential property investment returns (W=0.801 and rs=0.455), emphasising the necessity for periodic feasibility and viability assessments to determine sound real estate investments at the submarket level.