Causes And Effects Of Abandoned Residential Properties
[A CASE STUDY OF BENIN CITY)]

1.2 STATEMENT OF THE PROBLEM

Thecauses and effects of abandonment of residential propertyhas been a subject of concern for expertsin real estate. Therefore, the study purpose is to investigate the causes and effects of abandoned residential property on real property and its values. The cogent of this study is on the premise that the expected real properties and its values in Nigeria are suspected to be dwindling as a result of incessant abandonment of residential properties. But, by exploring this context should help establish and recognize the causes and effects of abandonments of buildings by citizens, governments, policy/decision makers, educationalist and practitioners. This, through eradication of these causes should expect to eliminate these identified effects and sustain real properties and its values in the economy.

1.3 OBJECTIVES OF THE STUDY

The following are the objectives of this study:

1. To identify the causes of abandonment of residential properties in Benin City.

2. To examine the effects of abandonment of residential properties in Benin City.

3. To identify the solutions to issues of abandoned residential properties in Benin City.

1.4 RESEARCH QUESTIONS

1. What are the causes of abandonment of residential properties in Benin City?

2. What are the effects of abandonment of residential properties in Benin City?

3. What are the solutions to issues of abandoned residential properties in Benin City?

1.6 SIGNIFICANCE OF THE STUDY

The following are the significance of this study:

1. The results of this study will educate the general public on the causes and effect of abandonment of residential building in Nigeria with a view of reducing the issues of building abandonment in Nigeria.

2. The outcome of this study will guide the government and policy makers on ways to make and implement policies that will reduce the rate of residential building abandonment in Nigeria.

3. This research will also serve as a resource base to other scholars and researchers interested in carrying out further research in this field subsequently, if applied will go to an extent to provide new explanation to the topic.