5 research outputs found
Comparative Analysis of the Risk-Return Characteristics of Office and Shop Property Investments in Osogbo, Nigeria
This study aims at examining the risk-return characteristics of commercial real estate investments in Osogbo Nigeria. Primary data used for this study was obtained through questionnaire survey. A total enumeration survey of all the estate surveying and valuation firms in the study area was carried out. The data collected was used to calculate the income, capital and total returns on investments in commercial properties in Osogbo. Furthermore, descriptive statistics was used to determine the asset returns and asset risk of the selected investment assets. This involved the use of weighted means, percentages and Standard deviations. The study revealed that investments in commercial properties in the study area provided a continuous positive rate of returns ranging between 3.12% and 34.35% while the corresponding risk ranged between 1.50% and 10.11%. The investment information provided in this study has significant implication for both local and foreign investors desiring to invest in the Nigerian property market. Keywords: Asset, Return, Risk, Investment, Portfolio
An Assessment of Housing Infrastructural Provision in Public Housing: A Case Study of Bashorun Housing Estate Akobo, Ibadan Oyo State, Nigeria.
Infrastructure provision forms important ingredients to housing development and formal housing supply, thus adequate provision of infrastructural facilities are regarded as critical components and facilitator for economic development and key to improving the quality of life in any community irrespective of size. While there is a plurality of housing issues, the problem of infrastructure in housing remains prominent especially when mass housing schemes are considered. The failure of some of these housing schemes has revealed that housing provision transcends the mere provision of shelter for needs of man. Hence, the need to approach the situation in a pragmatic way, with a focus on the infrastructural provision – an important aspect of housing that is often left to fate – in most common housing schemes in developing countries – like Nigeria. For this study, a total of two hundred (200) copies of questionnaire were administered on randomly selected residents within Bashorun housing estate and one hundred and sixty six (166) copies were retrieved. The analysis presented below is therefore based on 166 responses which constitute 83% on the average. This paper therefore reviewed existing literatures and the research method is an empirical survey and case study approach involving quantitative analysis of primary data gathered from the selected housing estate thereby evaluating the state of infrastructures of the selected housing estate, Rank Test on the expected and obtained quality of this facilities shows that (Obtained Quality < Expected Quality). Furthermore, the study confirmed a strong positive relationship existing between infrastructural provision and occupants’ level of satisfaction, while a moderate, positive relationship exist between service rendered by the management authority and occupants’ level of satisfaction, which were attributed to private involvement in housing scheme. The study revealed that for housing development to be sustainable, basic infrastructures had to be put in place. The understanding of these infrastructural provision is thus a necessary prerequisite for developing an effective housing programme. The study underscores the need to consider relevant infrastructures for housing improvement and development in Nigeria with a view to ascertaining the sustainability of the housing environment and from this a conclusion is drawn and recommendations made in generating sustainable solutions to the subject matter. Keywords: Housing, Infrastructural Provision, Infrastructures, Public Housing Estate, Ibadan, Nigeria