ProjectClue.com We're Ready, Call Us

(+234) 07030248044

Project Topic:

COMPARATIVE ANALYSIS OF RENTAL VARIATION IN RESIDENTIAL AND COMMERCIAL PROPERTIES IN NIGERIA (A Case Study Of Ogui New Layout Enugu)

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 73 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   337 people found this useful

Project Department:

ESTATE MANAGEMENT UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

ABSTRACT
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 affecting the rents passing on these properties.

 

Table Of Contents
Title Page
Declaration
Certification
Dedication
Acknowledgement 
Abstract
Table Of Contents

Chapter One
1.0 Introduction

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

Chapter Two
2.0 Literature Review

2.1 Property 
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 
21.7 Concepts Of Rent
21.8 Determinate Of Rent
2.2 Commercial Properties And Rents
2.3 Residential Properties 
2.4 Definition Of Relevant Terms 

Chapter Three
3.0 Research Methodology

3.1 Sources Of Data
3.2 Primary Data
3.3 Secondary Data
3.4 Study Population And Sample

Chapter Four
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

Chapter Five
5.0 Findings, Recommendation And Conclusions

5.1 Finding
5.2 Recommendation
5.3 Conclusion
Bibliography 
Appendix 
List Of Figures/Tables 

 

CHAPTER ONE

1.0 INTRODUCTION
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 left 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 after 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 boom. This resulted to high demand for the existing limited supply of landed properties. Consequent upon these, rent for landed properties increased considerably. 
This trend has continued with the effect that “the average worker is paying between 30% to 40% of his salary as rent ” (Oshadiya, 1985). Thus the increase in rents on the properties has led to the variation of rent on properties.
In urban area due to location advantage (for example prime location) which some properties offer above others for commercial and residential uses, rent tend to very on account of the type of use which a property can offer.

1.2 STATEMENT OF PROBLEM 
Location of economic properties has been a difficult concept to understand. Although the primary objective of commercial properties is the derivation of financial gains, while that of residential properties is for habitation, shelter and comfort, the demand for land is a refection of the profitability or utility derivable from it use. The greater the benefit to be obtained from a particular use, the higher the rent that the user will be willing to pay for it. 
There appear to be wide ranging differences in the levels of rent passing on residential and commercial properties in Enugu and Nigeria generally.
This research is seeking among other things to find out the causes of rental variation in commercial and residential properties in Nigeria, Ogui New Layout as a case study.

1.3 PURPOSE OF THE STUDY 
The main purpose of this research is to examine the reasons for rental variation in commercial and residential properties with a view to provide tool to be used in catching issues related to rent on these properties in Enugu and Nigeria generally. 
In order to achieve the standard goals, the following objective are to be undertaken;
i) To identify the current level of rents for commercial and residential properties in the study area.
ii) To ascertain and examine the factors influencing the rents being commanded by these properties.
iii) To specify the implications of rental variation on decisions to acquire those properties.
iv) To determine the trend in rental values for residential and commercial properties in the study area.

1.4 SIGNIFICANCE OF THE STUDY 
The finding of this study will be of benefit to the following;
Firstly, tenants who are charged rents based on different reasons, especially when the properties are of the same nature (physically). This will again enable the investors not only to understand how occupier thinks, but also why and the things they consider before acquiring properties for certain uses. For example residential and commercial use.
Secondly, the generality of the public can now understand the reason why the rents being commanded by these properties have to differ.
Lastly, this research work will help to determine the factors influencing, commercial and residential properties which is an essential pre-requisite to successful development as well as stimulating interest in the students to carryout out further research on the topic.

1.5 SCOPE OF THE STUDY 
The study covers a period of three years (2002 to 2004) and it is restricted to selected properties (Residential and commercial) comprising blocks of flat and tenements in Ogui New Layout, Enugu.

1.6 LIMITATION OF THE STUDY 
Expectedly, this work met with some hindrances during the stage of data collection. The issue of rent passing on a property (residential or commercial) is usually regarded as classified information, which is not easily disclosed to people particularly researchers. This was largely suspected to be the reason why some Estate surveyors, property owners, tenants, Estate firms, property companies and even Estate agents who where approached through oral interviews, discussions and visitations found it rather difficult to reveal essential information despite every explanation that the exercise is strictly for academic purposes, a good number of them, still nursed the fear that it may be for property rating and taxation purposes. There was also the problem of logistics occasioned by the society. The researcher worked with a very light budget throughout the period of study as the frequent and repeated visits to relevant persons and offices entailed quite some money. Moreover, also recall that some of the interview respondents were not co-operative as they kept on playing to the gallery as a means of avoiding supplying the required information. On a general not however, the researcher ensured that these bottle – necks never affected the findings of this study since the success far outweighed the hindrances as enumerated. 

Get the complete project »

Instant Share On Social Media:

OTHER SIMILAR ESTATE MANAGEMENT PROJECTS AND MATERIALS

CHALLENGES OF MANAGEMENT OF PUBLIC RESIDENTIAL PROPERTIES IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 79 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1246 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Public residential property management is the operation, control, and oversight of real estate as used in its most broad terms. Management indi...Continue reading »

IMPACT OF REAL ESTATE SECTOR TO THE ECONOMIC GROWTH OF NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 70 ::   Attributes: Questionnaire, Data Analysis,Abstract

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The Real Estate sector offers a great potential source of growth forNigeria. Until now, the understanding of its composition and growth has bee...Continue reading »

ROLE OF THE STATE GOVERNMENT IN THE DEVELOPMENT OF RESIDENTIAL ESTATES IN NIGERIA (A CASE STUDY OF OGUN STATE GOVERNMENT)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   517 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Few residential estates built across Nigeria by both federal and state government has been able to meet the housing needs of many Nigerians. Sh...Continue reading »

ABUJA LAND AVAILABILITY CHALLENGES AND MISMANAGEMENT: ISSUES AND SOLUTIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 70 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   369 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Abuja the Federal Capital Territory of Nigeria has tremendous importance in the country's life and development.It is a hotbed for political...Continue reading »

EFFECT OF LANDLORD AND TENANT RELATIONSHIP ON RESIDENTIAL PROPERTY

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   727 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Maintaining healthy landlord-tenant relationship in a residential property is a pre-requisite for societal advancement and growth. Good tenant e...Continue reading »

ISSUES AND CHALLENGES IN THE EXECUTION OF PUBLIC SECTOR HOUSING PROJECTS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   1219 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Housing (Shelter) is unarguably one of the basic necessities of man. It used to be ranked second after food in the hierarchy of man’s nee...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Taleeb from Kwara state polytechnic said "I like all topics on this website but anytime i wrote topic to my project supervisor he used to ask where is the case study and case study is not written there . thanks ................".
    Rating: Very Good
  • 2. Donald from ui said "i thank you guys for the good work...i never believe that there are still some Nigerians that are trustworthy until i stumbled upon projectclue. excellent job. great write up. weldone Glory keep up the good job. nice voice.,...i will always recommend projectclue to any Nigerian researchers...God bless.".
    Rating: Very Good
  • 3. Abdoulrasheed Tapheeda from Taraba State University,Jalingo said "The Project Clue owe me a Tribute Respect, because of the nature of their work and delivery system. I recommend this site for any undergraduate due to the quality and fast delivery system of their work. Thanks".
    Rating: Excellent
  • 4. Sam Seyil from Federal Uni Agric. Markudi said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good quality. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 5. Eval, Effa A. from University of Calabar (Unical) said "It was a wonderful experience using projectClue, it really helped me in carrying out a Term paper research NGP.".
    Rating: Good
  • 6. Abimbola Bisola from Obafemi Awolowo University said "Thanks a million times for giving me a quality research project. not only have i defended i was commended by my supervisor. You guys are the best; Project clue".
    Rating: Very Good

Leave a comment: