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A Comparative Analysis Of Rental Variation In Residential And Commercial Properties In Nigeria
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1.3 AIM AND OBJECTIVES OF THE STUDY
The main aim of this research is
to examine the reasons for rental variation in commercial and
residential properties with a view to provide tool to be used in
catching issues related to rent on these properties in Enugu and Nigeria
generally.
To achieve the standard goal, the following objectives are to be pursued;
i) To identify the level of rents for commercial and residential properties in the study area.
ii) To ascertain and examine the factors influencing the rents being commanded by these properties.
iii) To determine or examine whether the income of prospective buyers/tenants affect their decision to acquire properties.
iv) To ascertain if there is disparity in rental values for residential and commercial properties in the study area.
v) To find out the rate of demand between commercial and residential properties?
1.4 RESEARCH QUESTIONS
i.
What is the level of rent for commercial and residential properties in
Ogui New Layout and G.R.A respectively between years 2002-2004?
ii. What are the factors influencing rents passing on those commercial and residential properties.
iii. Does the income of prospective buyers/tenants affect their decision to acquire properties?
iv. Is there any disparity in the rental value or rent passing on residential and commercial properties in the study area?
v. Amongst properties put for Commercial and Residential use, which is on a higher rate of demand?
1.5 SIGNIFICANCE OF THE STUDY
The finding of this study will be of benefit to the following groups;
Firstly,
tenants who are charged rents based on different reasons, especially
when the properties are of the same nature (physically). This will again
enable the investors not only to understand how occupier thinks, but
also why and the things they consider before acquiring properties for
certain uses.
Secondly, the generality of the public can now
understand the reason why the rents being commanded by these properties
have to differ.
Lastly, this research work will help to determine the
factors influencing, commercial and residential properties which is an
essential pre-requisite to successful development as well as stimulating
interest in the students to carryout out further research on the topic.
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