EFFECTS OF LOCATION ON REAL PROPERTY DEVELOPMENT (A CASE STUDY OF ABAK LOCAL GOVERNMENT AREA, AKWA IBOM STATE)

ABSTRACTS

     The aim of this research was to investigate the Effects of location on real property development in Abak urban, Akwa Ibom State. In the course of this study, the researcher employed two main sources of date collection which were primary and secondary sources of data. Descriptive survey design was adopted to obtain relevant information in the area. A sample size of (110) respondents comprising of Estate Surveyors and Valuers, property owners and Town planners were randomly selected and given questionnaire for the study, out of which (92) copies were completed and retrieved for analysis in the study. Data collected were analyzed with the use of frequency distribution tables and simple percentages. The study revealed that, the presence of urban renewal projects leads to appreciation in property development. The study also indicated that, the effects of location on real property development in Abak urban as reviewed are: over population, poor location management, crime and insecurity, Environmental degradation etc. It is therefore recommended that, the government should enforce on the land use policy as one of the measures for improving environmental conditions and property development. Also, the redevelopment properties should be made to conform to modern planning standards. 

TABLE OF CONTENTS

CONTENT                                                          PAGE

Title Page —   —    —    —    —    —    —    —    —    i

Declaration    —    —    —    —    —    —    —    —    ii

Approval/Certification          —    —    —    —    —    iii

Dedication      —    —    —    —    —    —    —    –      iv

Acknowledgement        —    —    —    —    —    —    —    v

Abstract —    —    —    —    —    —    —    —    —    vii

Table of Contents —    —    —    —    —    —    —    viii

CHAPTER ONE

INTRODUCTION

1.1  Background to the Study —        —    —    —    1

1.2  Statement of the Problem    —    —    —    —    4    

1.3  Aim and Objectives      —    —    —    —    —    5

1.4  Research Questions      —    —    —    —    —    5

1. Significance of the Study     —    —    —    —    6

1.6  Scope of the Study / Limitations        —    —    7

1.7  The Study Area     —    —    —    —    —    —    8

CHAPTER TWO

LITERATURE REVIEW

2.1  Introduction   —    —    —    —    —    —    —    10

2.2  Definition of Terms       —    —    —    —    —    10

2.3  Historical Survey   —    —    —    —    —    —    12

2.3.1  Concept Of Location    —    —    —    —    —    12

2.3.2  Factors that Influence Property Location

         on Rental Value    —    —    —    —    —    —    13

2.3.3 The Impact of Property Location on

        Real       Property Development   —    —    —    —    15

2.3.4 The Attribute of Various Types of

        Real Property —    —    —    —    —    —    —    15  

CHAPTER THREE

RESEARCH METHODOLOGY

3.1  Research Design    —    —    —    —    —    —    18

3.2  Sources of Data     —    —    —    —    —    —    18

3.3  Population of the Study —    —    —    —    —    19

3.4  Data Collection Procedure    —    —    —    —    19

CHAPTER FOUR 

DATA PRESENTATION AND ANALYSIS

4.1  Data Presentation  —    —    —    —    —    —    20

4.2  Data Analysis —    —    —    —    —    —    —    23

4.3  Discussion of major findings        —    —    —    29

CHAPTER FIVE

SUMMARY, CONCLUSION AND

RECOMMENDATIONS

5.1  Summary of Findings    —    —    —    —    —    30

5.2  Conclusion from the Findings      —    —    —    31

5.3  Recommendations        —    —    —    —    —    —    31

References  

Appendix

CHAPTER ONE

INTRODUCTION

1.1  BACKGROUND TO THE STUDY

The impact of location in housing market is very significant, since housing units are fixed in location; they differ in terms of their surroundings and location community in which they are located, and their nearness to employment and shopping place. (Nwaniba, 2014).

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