Abstracts – Browse Results
Click on the titles below to expand the information about each abstract.
Viewing 23 results ...
AbdulAzeez, A D, Etubi, U and Umar, B (2019) An assessment of multi-skilling in addressing skills shortage in Nigerian construction firms. African Journal of Built Environment Research, 3(1), 1-13.
Abubakar, M, Zailani, B M, Abdullahi, M and Dodo, M (2021) Skills and competencies for survival in the modern construction industry: students' perspective in Nigeria. African Journal of Built Environment Research, 5(1), 61-76.
Adzande, P, Gyuse, T T and Atser, J (2018) Correlates of crime in urban Makurdi, Nigeria. African Journal of Built Environment Research, 2(1), 21-40.
AlShamisi, H A, Chinyio, E, Ankrah, N, Kpamma, Z E, Mushatat, S, Oloke, D and Wilson, P (2019) Prevalence of leadership and management features amongst construction project managers in the UAE. African Journal of Built Environment Research, 3(1), 41-55.
Amaka-Otchere, A B K (2016) Energy access and rural development in Ghana: prospects for decentralised energy and appropriate technology options. African Journal of Built Environment Research, 1(1), 29-58.
Anosike, N M, Enenmoh, C R, Nkeleme, E and Mosaku, T O (2016) Comparative analysis of contributions of building and quantity surveying professions towards the development of sustainable construction industry in Nigeria. African Journal of Built Environment Research, 1(1), 1-14.
Asigri, E O, Afram, S O and Ameyaw, C (2021) Fire safety design attributes of students' housing facilities in KNUST Ghana. African Journal of Built Environment Research, 5(1), 41-58.
Bello, N A, Agava, Y H and Olanrele, O O (2021) Investment property typology analysis; evidence from Nigerian urban property returns and macroeconomic variables. African Journal of Built Environment Research, 5(1), 77-96.
- Type: Journal Article
- Keywords: investment-property; macroeconomic-variables; Nigeria; property-return; questionnaire survey; risk-return
- ISBN/ISSN:
- URL: https://doi.org/10.33796/ajober.5.1.045
- Abstract:
The study examined the return characteristics of investment properties on typology basis in Abuja, Nigeria and quantified the impact of macroeconomic-variables on the return. Quantitative primary and secondary data were gathered for the study. Structured questionnaire was administered on 420 investment-properties available in the portfolios of practicing Estate Surveying Firms (ESFs) in the study area. Both descriptive and inferential statistics were adopted for data analyses with mean, growth rate, standard deviation, correlation and regression coefficients. The result showed a constant yield range for the study area, but variations in the return, risk and return/risk among the property-types and a mixture of negative and positive relationships between/among the property-types. The result further showed that returns on most property-types do not correspond with their risks and detached house with boy’s quarter exhibits an out-performance over all other property-types. However, in relation to the economy, property-return exhibits a strong negative relationship with the currency exchange rate and a weak negative relationship with interest rate, but none of the macroeconomic variables statistically explain or drive return on the property. This study contributed to the literature on Nigeria property-investment analysis by providing guiding information for a better knowledge of the Abuja property market dynamics that can enhance decision making of investors towards an improved market rewards analysis. Despite the observed variations in the return characteristics in the study area, an appropriate mix of property-types can still bring about improved performance benefit to the investors. The study is beneficial to investors through reduction in the wide gap between investment expectation and actualization through appropriate and specific investment prescriptions. The notable variation between the yield and return on property suggests that investors cannot rely solely on the yield of an investment analysis as their investment guide, rather they should extend to the reward characteristics. This is one of the few studies on Abuja direct property market reward analysis on property-type approach that explored the sensitivity of property return to the Nigeria economy.
Bello, N U, Jolaoso, A B and Olanrele, O O (2018) Comparative analysis of investment attributes of hotel and commercial property in South-Western Nigeria. African Journal of Built Environment Research, 2(1), 1-20.
Chiwuzie, A, Dabara, D I, Omotehinshe, O J, Prince, E M and Aiyepada, E G (2021) Changing macroeconomic indicators and the rental values of residential properties in Ede Nigeria. African Journal of Built Environment Research, 5(1), 1-18.
Chiwuzie, A, Dabara, D I, Prince, E M, Ajiboye, B O and Olawuyi, S T (2020) Housing-related attributes and the changing structure of preferences. African Journal of Built Environment Research, 4(1), 37-58.
Ekung, S, Okonkwo, C and Nwosu, E (2021) Claims culture and client-contractors' willingness to engage in future projects: a multivariate analysis. African Journal of Built Environment Research, 5(1), 19-40.
Ezeokoli, N B, Komolafe, T B and Olukolajo, M A (2019) Macroeconomic fluctuations and event centres' return dynamics in Akure commercial property market, Nigeria. African Journal of Built Environment Research, 3(1), 29-40.
Gasu, M B (2020) Residents' satisfaction with the use of green infrastructure in Osogbo, Osun State, Nigeria. African Journal of Built Environment Research, 4(1), 1-19.
Ibrahim, A G, Garba, M M, Okoli, O G, Zubairu, I K, Dahiru, D and Usman, J (2020) Properties of reactive powder concrete produced with unrefined metakaolin and gear inner wire. African Journal of Built Environment Research, 4(1), 81-95.
Ijaola, I A and Idoro, G I (2020) Modelling the relationship between task characteristics and training of site supervisors in Nigerian construction firms. African Journal of Built Environment Research, 4(1), 59-80.
Inuwa, I I (2018) Unethical professional practices in tendering of public building procurement in Bauchi Metropolis, Nigeria. African Journal of Built Environment Research, 2(1), 55-73.
Kwaghsende, F K (2020) Assessment of social networks in informal solid waste recycling activities and sustainable solid waste management, North Central Nigeria. African Journal of Built Environment Research, 4(1), 21-35.
Oladokun, T T (2016) Effects of climate change on commercial properties in Lagos State, Nigeria. African Journal of Built Environment Research, 1(1), 15-27.
Olatunji, A, Adama, U, Adoga, A, Ojetunde, I, Adewale, S and Nwuba, C C (2020) Valuing an underperforming agricultural entity in Minna, Nigeria as a specialised property. African Journal of Built Environment Research, 4(1), 97-115.
Olukolajo, M A, Ogungbenro, M T and Adewusi, A O (2018) Tenants' characteristics and rent default tendencies in Akure residential property market. African Journal of Built Environment Research, 2(1), 41-54.
Tunji-Olayeni, P F, Mosaku, T O, Fagbenle, O I and Amusan, L M (2016) Project management competencies of indigenous contractors in Nigeria. African Journal of Built Environment Research, 1(1), 49-58.
Zailani, M B, Abubakar, M and Muhammad, A (2019) Assessment of barriers to Risk Management implementation in small construction projects in Nigeria. African Journal of Built Environment Research, 3(1), 15-28.