Browsing by Author "Udoekanem, N. B."

Now showing 1 - 2 of 2
  • Item
    EVALUATION OF TRENDS IN RETURNS ON REAL ESTATE INVESTMENT AND INFRASTRUCTURE CONDITIONS INDICES IN ABUJA, NIGERIA
    (University of KwaZulu-Natal : Journal of Inclusive cities and Built environment., 2023-12-18) Adeogun A.S.; Adebiyi, R.T.; Udoekanem, N. B.; Mendie, E. A.; Oladokun, T.T.
    ABSTRACT Functional infrastructure tends to influence returns in the property investment market. This study adopted exploratory research design to evaluate the flow of returns on property investment and infrastructure conditions indices in Abuja between 2012 and 2021. Data were obtained via questionnaire, distributed to real property appraiser firms and residents of the selected neighbourhoods. Random variety technique was adopted to administer the questionnaire to six hundred and eighty two (682) respondents out of which four hundred and eighty five (485) were retuned for the analysis representing a response rate of 71%. Descriptive system of data analysis were used, Coefficient of Variant (COV) and Rank-order relationship representation were also used to evaluate the returns on investment in the selected neighbourhoods of Abuja and to establish the indices of conditions bench mark for least suitable standard conditions of infrastructure. Kendall Coefficient of Concordance was applied to weigh up the relationship between the ranked variables. Analysis revealed higher ideal infrastructure conditions indices in Wuse II and Maitama (ranging from 82%-92% and 81%-94%) contrast with stipulated average at 60%, whereas the condition of infrastructure at Kubwa and Lugbe were discovered to be below the normal standard condition. Kubwa and Lugbe property markets in Abuja performed better than Maitama and Wuse on the basis of risk-return ratio analysis and showed reliable market performance while Maitama and Wuse property markets exhibited opposite. Kubwa and Lugbe real estate markets revealed stable market lower risk range of 8%-36%. It was concludes that, neighbourhood facilities play significant weight in influencing the returns on property investment and this calls for better consideration when taking property investment decision.
  • Item
    RESIDENTIAL PROPERTY INVESTMENT RETURNS INEQUALITIES IN ILORIN
    (School of Environmental Technology International Conference (SETIC, 2018), 2018-04) Adeogun, Adekunle Sunday; Nuhu, M. B.; Udoekanem, N. B.; Popoola, N. I.; Wahab, M. B.; Shittu, W. O.
    One of the important investment decisions is the issue of realisation of the returns on the capital invested Critical decision on increase of returns in proper\ investment as well as factors which determine the level of returns and impact upon the attractiveness of a residential property investment allows capital owners to make effective and rational investment decisions. This study investigates. The influence of infrastructural facilities on residential property investment returns in llorin. Nigeria. The sample Frame for the study is 762 across the selected neighborhoods in llorin and the Cochran (1963) formula calculation was adopted to arrive at 317 as sample size. The data collected was subject to quantitative analysis with data handling techniques using, Co-efficient of Variation, Mean, Standard Deviation and Sharpe index to test the relationship between tin,' average return, annual income of residential property in llorin. The study revealed a high positive linear correlation between infrastructure and the residential property investment returns, an indication that the infrastructure reasonably predicts residential property investment returns. The study also demonstrated that the availability of functional urban infrastructure leads to property gams which relatively create high residential property\ investment returns.