RESIDENTIAL PROPERTY INVESTMENT AND ITS ASSOCIATED PROBLEMS (A CASE STUDY OF AMORITES ESTATE, OSOGBO).
ABSTRACT
This dissertation is model that examine residential property investment in Osun State and its associated problems. The main objective of the dissertation is to examine the means of satisfying additional housing unit requirement in Osun State, particularly Osogbo. The methodology that was adopted or employed in gathering information was the questionnaire method, through which necessary information were collected. This project work was based on the residential property investment in Osun Sate which various literature were reviewed, new ideas and findings. Pertaining to study topic was added to the existing body of knowledge. The study topic of this research work was ease and carried out with the help of aments housing estate Osogbo. The information which was collected was also presented in bar chart after the analysis of the data. The findings of the dissertation was also stated in cleaned terms so as to avoid any doubtful, also useful recommendations were made for the government, the private developers (both individuals and corporate bodies). Advice was also given to the financial institution on how they could possibly come into help in the provision of housing units.
TABLE OF CONTENT
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of content vi
CHAPTER ONE
INTRODUCTION
1.1 Background to the study 1
1.2 Aim and objectives 3
1.3 Statement of the problems 3
1.4 Justifications of the study 4
1.5 Scope of the study 4
1.6 Research methodology 4
1.7 Limitation to the study 5
1.8 Layout of the study 5
CHAPTER TWO
LITERATURE REVIEW
2.0 Investment 6
2.1 Types of residential property investment 8
2.2 Types of investment 9
2.3 Property investment 11
2.4 Types of property investment 12
2.5 Returns on investment of different investment stock 14
2.6 Finance 15
2.7 Problems of property investment 17
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction 20
3.1 Target population and study area 20
3.2 Sources of data 20
3.3 Method of gathering data 21
3.4 Method of data presentation 25
CHAPTER FOUR
DATA ANALYSIS, PRESENTATION AND DISCUSSION
4.0 Introduction 27
4.1 Analysis and presentation of data collected 27
4.2 Data analysis of the study area 38
CHAPTER FIVE
SUMMARY OF FINDINGS, RECOMMENDATION AND
CONCLUSION
5.0 Introduction 39
5.1 Summary of findings 39
5.2 Implication of findings 4
5.3 Recommendation 40
5.4 Conclusion 41
References 42
Appendix 43
CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND TO THE STUDY
The benefit derived in the residential property investment can not be over emphasized likewise the problem encounter in the management of such investment.
Thus residential property investment involves making a current commitment of fund in order to obtain an uncertain future returns, the study will examines various investment in the property with emphasis on the residential property investment.
However, the appreciation in property value depends upon the location of the property, its demands and supply, the uses to which it can be put in the local market place, because of its appreciation potential, real estate is viewed as a good hedge against inflation. The tendency of construction cost makes it escalate faster than general inflation.
The problem of the residential property investment in Osun State (a case study of Amorite Estate Osogbo) is particularly dealt with and the solution will be preferred for all the problems identified in this study.
This study shall also deal with the other types of investment that are available in the in the property market, like industrial, commercial and Agricultural property investment and also in stock market, The various ways of financing such project shall also be considered.
Amorit Housing Estate which is also refers as “living spring homes” is one of the housing Estates that provide adequate accommodation in Osogbo Osun State. The Estate is situated along Ede road Abere, opposite state Secretariat Osogbo, Osun State which had a total land area of 7.9 hectares with a good land leveled surface. The Estate is sharing boundary with an uncompleted housing Estate on the ring side (west ward), a large expanse of land on the left side (East ward) and delineated in the North by an express road.
