Evaluation of trends in returns on real estate investment and infrastructure conditions indices in Abuja, Nigeria.

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dc.contributor.authorAdekunle Sunday Adeogun
dc.contributor.authorRanti Taibat Adebiyi
dc.contributor.authorNamnso Bassey Udoekanem
dc.contributor.authorEthel Asinya Mendle
dc.contributor.authorTimothy Tunde Oladokun
dc.date.accessioned2024-04-17T12:35:32Z
dc.date.available2024-04-17T12:35:32Z
dc.date.issued2023
dc.description.abstractFunctional 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.
dc.identifier.citation: A.S Adeogun, et al., 2023. Evaluation of trends in returns on real estate investment and infrastructure conditions indices in Abuja, Nigeria. Journal of Inclusive cities and Built environment.
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/123456789/12175
dc.language.isoen
dc.publisherThe University of KwaZulu-Natal
dc.relation.ispartofseriesVol. 3 Issue 6,; Pg 35-46
dc.subjectInfrastructure conditions
dc.subjectInfrastructure index
dc.subjectInvestment returns
dc.subjectProperty investment
dc.subjectTrends
dc.subjectUrban neighbourhood
dc.titleEvaluation of trends in returns on real estate investment and infrastructure conditions indices in Abuja, Nigeria.

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