RESIDENTIAL RENT DIFFERENTIALS BETWEEN TOWN CENTER AND PERI-URBAN
ABSTRACT
This study investigated the differentials that exist in rents between town center and peri-urban in bukuru. It took into consideration variables that affected differential in rent of 1, 2, 3 and 4 bedroom houses in the study area. A total of hundred questionnaires were administered and returned which was subjected to various computations.
Analysis of Variance (ANOVA), a statistical technique suitable for analysing different variables was carried out using the data on 1,2 ,3 and 4 bedroom house rents. The results derived showed that most of the known determinants influence differentials in residential house rent in bukuru.
The various determinants of house rent showed the mean rent for urban and peri-urban of 1,2,3 and 4 bedroom for housing categories in bukuru, the occupational distribution of the respondent which 25 (50%) out of 50 respondents in the urban area are civil servant, 5 (10%) of the respondents are artisan while peri-urban area which 8 (16%) are public servant,15 (30%) are artisan while the other 7 (14%) are from other works of life.
CHAPTER ONE
1.0Â Â Â Â Â Â Â Â Â Â Â Â Â Â INTRODUCTION
The provision of adequate housing that is safe, secured, accessible, affordable, and sanitary is a fundamental human right, as enshrined in the United Nations habitat Agenda, the global on human settlement housing has been universally accepted as the most second most important human need. It is a basic need for human survival and an essential component to the advancement of the quality of life of the citizenry. This universally accepted fact has been acknowledged by successive Nigerian government, as evident from the pockets of in coordinated initiatives and programmes in mass housing development over the years. Despite these efforts, differences in housing rent remain a major challenge.
Effective housing rent involves many actors and therefore requires effective partnership collaboration and information the significant shortfall in housing provision and rent has been attributed to the inadequacy of the existing national housing policy (1991) to meet current challenges and economic trends and to guide development in the sector.
