EVALUATION OF THE INTERPLAY BETWEEN URBAN INFRASTRUCTURE CONDITIONS AND RESIDENTIAL PROPERTY INVESTMENT RETURNS IN ILORIN, NIGERIA

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dc.contributor.authorAdeogun, Adekunle Sunday
dc.contributor.authorRaheem, Wasiu Mayowa
dc.contributor.authorOlabisi, Sulaiman Adesoji
dc.date.accessioned2022-12-01T11:10:53Z
dc.date.available2022-12-01T11:10:53Z
dc.date.issued2020-04
dc.description.abstractA weighty indicator of the neighbourhood quality is infrastructure and as one of the pointers that determine class of the neighbourhood, it creates standing-point for the returns on real estate investment. This paper therefore evaluates the interplay between public infrastructure conditions and residential property investment returns in Ilorin with particular focus on standard two and three bedroom apartments in Adewole Housing Estate, GRA, Fate-Basin and Sabo-Oke neighbourhoods of Ilorin metropolis. Data were collected from Estate Surveyors and Valuers as well as residents of the selected neighbourhoods via structured and administered questionnaire using systemic random sampling technique with the sample size of 287 and only 169 questionnaires were returned. Simple descriptive mean statistical method was adopted to determine standard deviation as well as coefficient of variation. Ranking method was used to determine infrastructure index with bench mark for minimum acceptable condition adopted. Kendall Coefficient of Concordance was also used to test relationship among the ranked factors. The study revealed that, Adewole Housing Estate, Fate-Basin and Sabo-Oke maintained a single digit, indicating low performance when placing on average. Property investment in GRA stands a risk of 22% and 62% to have returns of 9.49% and 12.38% for two and three bedrooms respectively. The infrastructure condition indices in GRA is higher than ideal condition index and is better than other selected location and it was recommended that, provision, rehabilitation and maintenance should be embarked on in earnest to enhance social life and better property performance within the areas Keywords: Neighbourhood, Infrastructure, property investment and Returnsen_US
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/8001
dc.language.isoenen_US
dc.publisherLadoke Akintola University of Technology Press, Ogbomoso, Nigeria.en_US
dc.relation.ispartofseriesIssue 1;Number 1
dc.subjectNeighbourhooden_US
dc.subjectInfrastructureen_US
dc.subjectproperty investmenten_US
dc.subjectReturnsen_US
dc.titleEVALUATION OF THE INTERPLAY BETWEEN URBAN INFRASTRUCTURE CONDITIONS AND RESIDENTIAL PROPERTY INVESTMENT RETURNS IN ILORIN, NIGERIAen_US
dc.typeArticleen_US

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