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NWOSU AKUAKANWA EZIUKWU

Publication

Publisher:
 JIC, FUTA, 2016
Publication Type:
 Conference
Publication Title:
 Effect Of Infrastructure Provision On Residential Property Values In Ijaiye Housing Estate, Lagos, Nigeria
Publication Authors:
 Ezeokoli N. B And Nwosu, A.E
Year Published:
 2016
Abstract:

The study examines the effect of infrastructure provision on residential property values in IjaiyeHousing Estate. It assesses the level of satisfaction of occupiers with the maintenance of theinfrastructure and the effect of the services on the residential property values in Ijaiye HousingEstate, Lagos, Nigeria. Structured questionnaire were administered on one hundred and twentyfive (125) respondents for the study. Data collected were analyzed using descriptive (frequencydistribution tables and weighted mean score) and inferential (multiple regression analysis)statistics. Findings revealed that parking space is the most adequate of all the infrastructures in theestate, while security and water supply were somewhat adequate. Also, the occupants are satisfiedwith the maintenance of water supply above other infrastructures, while electricity is the leastmaintained. Furthermore, the results of the regression analysis shows that all the infrastructuralfacilities, except type of security outfit and parking garage, have significant effects on the valuesplaced on residential properties in the estate. The R2 Statistics is 0.553, which is significant at0.000 levels. It is therefore recommended that the available infrastructures in the estate should beadequately maintained in order to keep the functionality and further enhance the value of theresidential properties in the estate.

 
Publisher:
 2nd International Conference And Exhibition (OWSD-FUTA),
Publication Type:
 Conference
Publication Title:
 Influence Of Information Technology On Real Estate Market: A Gender Perspective
Publication Authors:
 Bello, V.A And Nwosu,A.E
Year Published:
 2015
Abstract:

The study examined the influence of information technology on real estate market from thegender perspective within Lagos metropolis. A total of one hundred and eighty five (185)questionnairewere distributed on the respondents while one hundred and fifty three (153)questionnaire were retrieved for analysis representing 82.7%. The data were analysed usingFrequency Distribution and Mann-Whitney u-test statistics. The result revealed that none ofthe asymptotic significance of the measured values for ways for which information isdisseminated by the firm across categories of gender is less than 0.05. This implies that thereis no significant difference in responses of the respondents. The study also reveals that thereis no significant difference in responses of the respondents in terms of effectiveness in the useof information technology in the Nigeria real estate market.

 
Publisher:
 Contemporary Research Center, Australia
Publication Type:
 Journal
Publication Title:
 Investigating The Problems Associated With Public-Private Partnership In The Process Of Housing Delivery In Nigeria
Publication Authors:
 S.A, Olofa And A.E Nwosu
Year Published:
 2015
Abstract:

Housing delivery in Nigeria has been plagued with myriads of problems which emanate from either the formulation or implementation of the housing policies and programmes. This study therefore is to investigate the problems associated with Public Private Partnership (PPP) in the process of housing delivery in Nigeria. For the purpose of representativeness, generalization and meaningful result, all Real Estate Development Companies (REDCs) being involved in PPP in Abuja and Lagos, Nigeria were used for this study. The total number of developers in Lagos and Abuja were 44 and 35 respectively. However the result shows that P value for all the variables is 0.00. This suggests that most of the identified problems in the content of the work are hindering housing delivery under PPP arrangement significantly. The study therefore, recommends the Build Operate and Transfer (BOT) type of PPP should be encouraged. This kind of partnership will give the private sector leverage and security over their investment.

 
Publisher:
 Department Of Geography And Environmental Studies, Bahir Dar University, Ethiopia
Publication Type:
 Journal
Publication Title:
 Assessment Of The Effect Of Urban Infrastructure As A Tool For Enhancing The Values Of Residential Property In Akure
Publication Authors:
 A,E, Nwosu
Year Published:
 2015
Abstract:

The study is aimed at investigating the effect of urban infrastructure as a tool for enhancing residential property values in Isolo/Araromi/Odokoyi and Irowo/Odige/Odopetu in Akure. The sampling frame of the houses in the study area was 412 and 405 respectively. However, Kothari formula was used to arrive at a sample size of 280 in Isolo/Araromi/Odokoyi and 289 Irowo/Odige/Odopetu for the study. Questionnaires were administered on occupants of residential properties in the study area to elicit information. Out of the 559 questionnaires administered 443 were duly filled and returned for analysis. The information collected was analyzed using descriptive statistics and Multiple Regression. The result reveals that the R2 statistic (0.819) for Irowo/Odige/Odopetu indicate that the independent variables accounts for 81.9% of rental value. Also, the R2 (0.781) for Isolo/Araromi/Odokoyi is 0.781 which implies that the independent variables account for 78.1% of the rental values The study therefore recommends that the state government should put in place the necessary infrastructure in Isolo/Araromi/Odokoyi so as to enhance the residential property values. Also, the state government should enlighten the people on the need for maintenance culture.

 
Publisher:
 Department Of Geography And Environmental Studies, Bahir Dar University, Ethiopia
Publication Type:
 Journal
Publication Title:
 Effect Of Waste Dumpsites On Proximate Residential Property Values In Ibadan, Oyo State, Nigeria.
Publication Authors:
 Nwosu, A. E. And Olofa, S.A.
Year Published:
 2015
Abstract:

The study examined the effect of waste dumpsite on proximate property values in Apete, Ibadan. Residents of randomly selected 100 residential properties located around a waste dumpsite in the study area were administered structured questionnaires to elicit information for the study. Questionnaires were administered to determine the effect of the proximity of waste dumpsite on the rent paid on their residential apartments. The data collected were analyzed using multiple regressions. The result of the analysis shows that, distance of residential property from waste dumpsite is not significant with a p-value of 0.889. Hence, we conclude that waste dumpsite does not have significant effect on residential property value. However, since the p-value for Xi, X2, and X3 are less than 0.05, it is concluded that income level, building type and demand for building have significant effect on residential property values. This can be attributed to the fact that majority of the occupiers are students and low income earners. Furthermore, most of the building types are tenement, which are of very high demand by the students in the study area. The study recommends that the investors should come and invest in properties since waste dumpsite does not affect the value of properties in the area.

 
Publisher:
 NIL
Publication Type:
 Journal
Publication Title:
 Analysis Of The Relationship Between Infrastructural Facilities And Urban Flood In Gombe Metropolis, Nigeria. Journal Of Sustainable Development In Africa, U.S.A
Publication Authors:
 Dabara, I.D, Gummie, R.J, Nwosu, A.E And Abdulazeez, H.
Year Published:
 2012
Abstract:

NIL

 
Publisher:
 NIL
Publication Type:
 Conference
Publication Title:
 An Appraisal Of The Provision Of Urban Infrastructural Facilities As A Means Of Realising Latent Residential Property Values In Akure.
Publication Authors:
 Nwosu, A.E, And Olofa, S.A
Year Published:
 2012
Abstract:

The study aimed at investigating the effect of infrastructural upgrading on residential property values in Oke-Aro/Eyinke in Akure with a view to enhancing the sustainability of residential property and rental values. This neighbourhood was compared to Isolo/Araromi where infrastructural upgrading exercise was not done. The sampling frame of the houses in the neighbourhoods (Oke-Aro/Eyinke and Isolo/Araromi) was 425 and 412. However, Kothari formula was used to arrive at a sample size of 289 in Oke-Aro/Eyinke and 280 in Isolo/Araromi for the study. Questionnaires were administered to occupants of residential properties in the neighbourhoods to elicit information. Out of the five hundred and sixty nine questionnaires administered on occupants in the neighbourhoods only four hundred and fifty six were duly filled and returned for analysis. The information collected was analysed using the descriptive statistics and Multiple Regression Analysis. The result reveals that when infrastructural facilities was put in place rental values in Oke-Aro/Eyinke experience a sharp increase between the periods of 2007-2009, thereby bringing out the hidden values of the properties these was attributed to the upgrading of urban infrastructures and Isolo/Araromi is still experiencing a steady increase in rental value. The study therefore, recommends that the state government should enlighten the people on the importance and management of these infrastructural facilities, this is needful so as to sustain every improvement put in place also, essential infrastructures should be provided in Isolo/Araromi so as to bring out its hidden values, maintenance culture is very important to avoid the deterioration of facilities put in place and achievement of the expected end result

 
Publisher:
 NIL
Publication Type:
 Disertations
Publication Title:
 Urban Renewal As Means Of Realising Latent Residential Property Values In Akure.
Publication Authors:
 Nwosu,A.E
Year Published:
 2011
Abstract:

This study aimed at investigating the effect of the infrastructural upgrading on residential property values in the neighbourhoods (Oke-Aro/Eyinke and Irowo/Odige/Odopetu) in Akure in a view to enhancing the sustainability of property and rental values. These neighbourhoods were compared to Isolo where urban renewal exercise was not done. This aim was achieved by identify the indicators of slum in the study area, examine the adequacy of urban infrastructure provision in the study areas, evaluate the urban renewal approaches adopted in the study area, identify the trends in residential property values before and after urban renewal exercise in the study area and examine the effects of urban renewal on the trends of residential property values in the study areas.

Eight hundred and sixty two (862) copies of questionnaire were administered on occupants in the neighbourhoods (Oke-Aro/Eyinke, Irowo/Odige/odopetu and Isolo) and Six hundred and eighty four were returned for analysis. The analytical techniques for the study included the Likert Scaling, Multiple Regression Analysis and Analysis of Variance.

The study revealed that Oke-Aro/Eyinke and Irowo/Odige/odopetu experienced a sharp increase in rental values between the periods of 2007-2009. Also, the values of properties in Isolo are low because the neighbourhood is in slum and urban renewal has not been done. Also urban renewal when done, potentially enhance values of property.

The study therefore, recommended that the State Government should embark on comprehensive urban renewal programme to enhance the state of properties in Oke-Aro/Eyinke and Irowo/Odige/Odopetu. Also, the exercise should be embarked upon in Isolo. This gesture will in turn enhance property values and give birth to functional and aesthetic environmental values.

 
Publisher:
 NIL
Publication Type:
 Journal
Publication Title:
 Impact Of Tertiary Institution Of Learning On Proximate Residential Property Values
Publication Authors:
 Ajayi, M.A, And Nwosu, A.E
Year Published:
 2011
Abstract:

The impact of the location of Tertiary institution of learning on residetial property values was examined using The Federal University of Technology, Akure, Nigeria as a case study, with the aim of establishing the relationship between students population and the trend in rental values for ten years. Stratified random sampling technique was adopted in reaching 649 occuppiers of houses in proximity to the school. A strong positive correlation exists between studentspopulation and residential property values. Increase educational funding, land banking in areas around higher institutions by the government and increased investment in off-campus hostels through public-private partnership were recommeded.

 
Publisher:
 School Of Environmental Sciences, Modibbo Adama University Of Technology, Yola
Publication Type:
 Journal
Publication Title:
  Effects Of Urban Renewal On Residential Property Values In Two Neigbourhoods Of Akure, Nigeria.
Publication Authors:
 NILBello, V.A, And Nwosu, A.E
Year Published:
 2011
Abstract:

The study was carried out to examine urban renewal exercise and its effect on residential property values in Oke-Aro and Odopetu neighbourhood in Akure. A structured questionnaire was administered on selected residents in the two neighbourhood (Oke-Aro and Odopetu) using the systematic random sampling technique. Five hundred and sixty eight (568) questionnaires were administered, out of which four hundred and fourty eight (448) were retrieved. The retrieved questionnaires were analysed using Mulitiple Linear Regression Technique. The result showed an increase in rental value of residentail properies due to upgrading of urban infrastrutures in the two neighbourhood. It is recommended that the state government should embark on comprehensive rehabilitation/ upgrading of infrastructures instead of concentrating on road network and drainages only in the neighbourhood.