Analysis of Trends in House Rent in Ilorin Metropolis, Kwara State, Nigeria

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dc.contributor.authorTunde, Afolabi Monisola
dc.contributor.authorAfolayan, Ganiyu Popoola
dc.contributor.authorAdeniyi, Enekole Esther
dc.date.accessioned2023-05-17T10:27:57Z
dc.date.available2023-05-17T10:27:57Z
dc.date.issued2015
dc.description.abstractHouse rent has always been guided by the principle of demand and supply. This study analyzes trends in house rent in Ilorin metropolis. Specifically, it identifies the factors influencing increase in house rent; it also determines the effects of changes in rent on household size and on the inhabitants of the study area. The twenty political wards within Ilorin were used and five hundred (500) tenants were sampled systematically. The period covers twenty years (1992-2011). Focus Group Discussion (FGDs) were organized in different locations with tenants, landlords, caretakers and estate agents. Descriptive and inferential statistics were used to analyze the gathered data. The trend reveals an increase over the twenty year period considering all rental classes. However, the low income group experienced highest rate of increase. Spearman's rank correlation coefficient revealed there is a significant relationship between income and rent paid. Factors that determine increase in house rent are population growth/demand, location, type of house, building materials, facilities in the house, environment and basic amenities available in the neighbourhood. Based on these, recommendations made include government assistance in providing more housing units at affordable rate. Since increase in population has been identified as one of the factors influencing house rent, rural areas and medium-sized towns should therefore be developed so as to curb rural-urban migration.en_US
dc.identifier.issn2141-7601
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/10361
dc.language.isoenen_US
dc.publisherFederal University of Technology, Minnaen_US
dc.relation.ispartofseries5;1
dc.subjectHousing units, Development, Renters, Environmental Conditions and Incomeen_US
dc.titleAnalysis of Trends in House Rent in Ilorin Metropolis, Kwara State, Nigeriaen_US
dc.typeArticleen_US

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