COMPARATIVE ANALYSIS OF RENTAL VARIATION IN RESIDENTIAL AND COMMERCIAL PROPERTIES IN NIGERIA (A Case Study Of Ogui New Layout Enugu)
This research has investigated in to a comparative analysis of rental variation in residential and commercial properties in Ogui New Layout, Enugu Nigeria.
The researcher used both questionnaires, interview and self observation as method of data collection. The data was collected among some landlords, Estate agents of the selected properties.
The data collected was analyzed based on interpretation and conclusion made.
Chapter one treats the introduction of the project work, chapter two Literature Review, chapter three. Research methodology, chapter four data presentation,
analysis and interpretation and chapter five finding, recommendation and conclusion.
Finally, rental variation in commercial and residential properties have been discovered to be influenced by certain factors acting the rents passing on these properties.
Table Of Contents
Table Of Contents
1.1 Background Of The Study
1.2 Statement Of Problem
1.3 Purpose Of The Study
1.4 Significance Of Study
1.5 Scope Of The Study
1.6 Limitation Of The Study
2.0 Literature Review
21.1 What Is Property?
21.2 Meaning Of Property For Appraisal
21.3 Nature Of Property
21.4 Classification Property For Valuation Purpose
21.5 Economic Of Rent
21.6 Theory Of Rent
21.8 Determinate Of Rent
2.2 Commercial Properties And Rents
2.3 Residential Properties
2.4 Definition Of Relevant Terms
3.0 Research Methodology
3.1 Sources Of Data
3.2 Primary Data
3.3 Secondary Data
3.4 Study Population And Sample
4.0 Data Presentation, Analysis And Introduction
4.1 Presentation Of Basic Data
4.2 Presentation And Analysis Of Data
4.3 The Average Rent In N/M2 On Commercial And Residential Properties
5.0 Findings, Recommendation And Conclusions
List Of Figures/Table
1.1 BACKGROUND OF THE STUDY
Shelter is a basic necessity in life. An individual can satisfy this need by either occupying his own (owner’s occupier) property or renting another persons
property. In our traditional society, the need for shelter is mainly met through the first alternative, that is owner occupation. With the emergency of urban
centres, the situation has changed. Many people are no longer about to own property because of the difficulty in the acquisition of land and the high cost of building construction. Therefore, they are le with the alternative of renting other people’s properties in order to satisfy their need for shelter. Consequently two classes of urban resident have emerged, the landlord and the tenant under this arrangement the tenant pays to the landlord a certain amount of money in consideration for his use of the landlord’s house. This amount is popularly known as rent.
During the civil war the Nigeria that is 1966 to 1970 many landed properties in the urban areas of the former Eastern Region of Nigeria, including Enugu, were
destroyed. Consequently, there was a sharp decline in the supply of landed properties aer
the war. Furthermore, the post – civil war period witnessed an
unprecedented number of the rural population trooping into the urban centres due to the conspicuous prosperity brought about in the urban area by the oil