Advancing Property Investment Returns through Improved Urban Neighbourhood Infrastructure Conditions in Jos City

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dc.contributor.authorAdeogun, Adekunle Sunday
dc.contributor.authorShittu, Wasiu Oyewale
dc.contributor.authorAgava, Halim Yusuf
dc.contributor.authorOladimeji, Samuel Bolaji
dc.date.accessioned2022-11-09T08:26:54Z
dc.date.available2022-11-09T08:26:54Z
dc.date.issued2021-11-23
dc.description.abstractInfrastructure 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.en_US
dc.identifier.issn2714-4186
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/7872
dc.language.isoenen_US
dc.publisherFaculties of Engineering and Environmental Sciences, Osun State University, Osogbo, Osun State, Nigeriaen_US
dc.relation.ispartofseries2;
dc.subjectResidentialen_US
dc.subjectReturnsen_US
dc.subjectProperty investmenten_US
dc.subjectNeighbourhooden_US
dc.subjectInfrastructureen_US
dc.titleAdvancing Property Investment Returns through Improved Urban Neighbourhood Infrastructure Conditions in Jos Cityen_US
dc.typeArticleen_US

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