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.
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.
- Type: Journal Article
- Keywords: macroeconomic indicators; Nigeria; performance; questionnaire survey; real estate investment; rental growth; trend
- ISBN/ISSN:
- URL: https://doi.org/10.33796/ajober.5.1.01
- Abstract:
There has been a growing concern in prefiguring the role of macroeconomic indicators in property market operations. This study investigated the performance of the residential property market in Ede, with a view to explore the influence of macroeconomic indicators on rental values. Thus, the study analysed residential properties' rentals in Ede; and assessed the relationship between macroeconomic indicators and residential properties' rentals. The study employed primary and secondary data for the period 2002-2019. The primary data comprised annual rental values for five residential property types; obtained through structured questionnaires administered on landlords in the study area. The secondary data comprising macroeconomic indicators in Nigeria were sourced from the database of the National Bureau of Statistics and Central Bank of Nigeria. Descriptive and inferential statistics were employed in the data analysis. The results revealed a continuous increase in rentals of the five types of residential properties studied. Rental growth rates in the residential property market exhibited random fluctuations with a mean annual growth rates of 16%, 16%, 15%, 18% and 19% for tenement room, studio room, one-bedroom, two-bedroom and three-bedroom flats, respectively. However, the mean of annual rental growth rate across the residential property types was not significantly different at 0.05 level; F (4.80) = 0.307 p = .872. Furthermore, there was a very strong positive relationship (0.984) between macroeconomic indicators and rental values of residential properties. Exchange rate and gross domestic product (GDP) had significant positive influences on rental values (p-value =.000 and 0.001, respectively, while the lending and inflation rates exhibited insignificant positive and negative influences, respectively on rentalvalues. The implication of this study is the presence of feedback relationships between GDP and rental value and between exchange rates and rental values of residential properties which, suggests that these variables are determined contemporaneously.
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.