RESIDENTIAL PROPERTY INVESTMENT AND ITS ASSOCIATED PROBLEMS (A CASE STUDY OF AMORITES ESTATE, OSOGBO)

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.

RESIDENTIAL PROPERTY INVESTMENT AND ITS ASSOCIATED PROBLEMS  (A CASE STUDY OF AMORITES ESTATE, OSOGBO).