ABSTRACT
This study examined changes in rental values of residential
properties in Apapa Local Government area of Lagos State from 2000 to 2014.
The intent is to provide a measure of the performance of this
sector in the past years, and to identify and recommend reforms required to
lessen the burden on accommodation and the undue advantage taken by landlords
in increasing rents in Nigeria.
Data used in this study were derived mainly from secondary
sources such as documents, including published literature, official documents,
and media reports. Primary data were obtained from questionnaires administered
to registered Estate Surveyors and Valuers, licensed Estate Agents, landlords and residents of the
study area.
Following
the introduction is the conceptual background to this study.The third chapter
set out the method and procedure employed in carrying out this project. The
fourth chapter presents the results of the empirical and comparative analyses of
the rental value of residential properties since 2000 to 2014 in Apapa Local
Government area of Lagos State.
The study demonstrated that although several property
features can be identified with residential properties, only a few important
ones have significant impact on the market values of such properties.
The recommendations of
this study should enable individuals, Real Estate Professionals, investors and
other stakeholders to make fair estimates of the market values of residential properties
in Apapa Local Government area of
Lagos State given the features of such housing units. This would aid rapid
valuation, help to improve housing quality and make possible mass evaluation of
properties.
For the complete research, please call 08023882330
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