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 aer
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.
CHAPTER ONE
INTRODUCTION
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 suchinvestment.
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 le side (East ward) and delineated in the North by an express road.
