IMPACT OF INFLATION OF PROPERTY VALUE IN NIGERIA

IMPACT OF INFLATION OF PROPERTY VALUE IN NIGERIA

ABSTRACT

This research work examines Inflation on property value which is one of the most researched concepts, yet there is always a noisy room when it is discussed. Most empirical literature suggests that excessive inflation is harmful to economic growth. The emphasis on ‘excessive’ implies that some level of inflation would have a positive association with growth. Considerable study has gone into determining the points of inflexion where inflation becomes harm. We found that inflation do affect property values in Illorin and that higher construction material costs and higher land prices inflates property prices .