Impact of housing attributes on rental values of residential properties in Minna, Nigeria

Musa, Usman (2016) Impact of housing attributes on rental values of residential properties in Minna, Nigeria. Masters thesis, Universiti Tun Hussein Onn Malaysia.

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Abstract

Analysis of the impact of housing attributes on rental values of residential properties over the years has been a major challenge in the global housing market. This phenomenon arises due to the complexity, uniqueness and heterogeneity of housing commodity coupled with the diverse socio- economic characteristics of housing locations in various residential neighborhoods of different geographical regions. The purpose of this study was to examine the impact of various housing attributes such as dwellings, location and neighborhood characteristics on rental values of residential properties in Minna, Nigeria. Three (3) residential neighborhoods were randomly selected each from high density, medium and low density areas of the metropolis for the study. Structured questionnaires with closed ended questions were administered randomly to three hundred and eighty five (385) respondents across the three neighborhoods. A total of three hundred and thirty seven (337) questionnaires were returned out of which three hundred and twelve (312) questionnaires were considered valid for the analysis of the data obtained from the field survey. Three (3) categories of residential properties which include one bedroom, two bedroom and three bedroom apartments respectively were adopted for the study. Descriptive analysis and Standard Multiple regression analytical techniques were employed in analyzing the research data. Results from the analyses indicated that the entire independent variables used as predictors are statistically significant to the prediction of rental values of residential properties in Minna metropolis. The results also revealed that condition of building components is the major predictor of rental values of residential properties in the study area with neighborhood’s attributes, location and adequacy of building facilities respectively following the former. The findings of this study will be useful to the practicing estate surveyors and valuers, town planners and the government agencies responsible for property rating assessment as well as property owners and users; and other related stakeholders in housing investments and management.

Item Type:Thesis (Masters)
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD101-1396 Land use
ID Code:8819
Deposited By:Mr. Mohammad Shaifulrip Ithnin
Deposited On:02 Feb 2017 11:59
Last Modified:02 Feb 2017 11:59

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