An Analysis of Problems in Housing Ownership and Property Development in Abuja, Nigeria
Journal Title: Journal of Advances in Humanities Research - Year 2022, Vol 1, Issue 2
Abstract
Since housing ranks second in the hierarchy of human needs, real estate development and the housing crisis have taken on a significant dimension today. In Abuja, Nigeria, several elements have an impact on these issues. Real estate development may evoke various feelings, depending on one's perspective. Several factors are considered a problem for housing ownership and property development. This study analyzes the problems associated with housing ownership and property development in Abuja, Nigeria. The study used quantitative research; 121 questionnaires were given to real estate developers, and 77 were retrieved and used for analysis. According to the study's findings, the following factors are known to affect residential property development: access to land, funding, exorbitant building material costs, corruption, government policy, high capital costs, high labor costs, Cost of land, mortgage interest rate, building costs, perception of buyers' lack of price control, and household expenditures are further factors. Factors impacting affordability are revealed to be mostly outside of the control of the landowner but are still subject to government regulation. As a result, to provide a solution for this element, the government must improve the welfare of its population concerning housing.
Authors and Affiliations
1Gombwer Nenrot Wuyokwe, 2Suleiman Yakubu, 3,*Sani Inusa Mial 1,2 Department of Estate Management Baze University, Abuja 3 Real Estate and Facilities Management, Faculty of Technology Management and Business, Universiti Tun Hussein Onn Malaysia
Keywords
Related Articles
- EP ID EP710041
- DOI https://doi.org/10.56868/jadhur.v1i2.28
- Views 92
- Downloads 0
Analyzing the Role of Media Causing Conflict in the Conflict-affected Areas, A Case Study of the Northwest Province of Pakistan
This research study deals with the role of media in provoking sectarian violence. Using Random sampling techniques, a sample size of 279 respondents was selected in the district of Hangu Khyber Pakhtunkhwa, Pakistan. Bes...
Factors Affecting the Institutional Motivational Orientation of Public University Teachers in China: Evidence From HUniversity
Work motivation of employees can determine the work efficiency, which is a key factor affecting the success of an organisation in a competitive market. Compared to the employees working in business organisation, people w...
A Study of Citizen Satisfaction with the Spirit of Innovation and Work Validity of Basic Government Personnel in Shandong Province, China
This paper aims to study the government personnel and citizen relationship with innovation spirit and their impact on citizen satisfaction. Descriptive statistical analysis is used in this research for a random sampling...
The Impact of Crypto Currencies on the Economy and The Financial Industry
This paper is based on the discussion about cryptocurrencies and its impact on the financial industry. However, the adoption of cryptocurrencies is a different matter because right now Bitcoins is considered for wealthy,...
In the Fire of Local community Conflicts: The Role of Religious Leaders in Conflict Resolution, Examples from Pashtun Culture Khyber Pakhtunkhwa, Pakistan
Religious leaders are considered respected members of the community and they could bring an end to fighting because of their honesty and soft power resources. In this context, the present study deals with the role of rel...