Record Details

Influence of building costs on rents of residential property in Owerri, Nigeria

International Journal of Development and Management Review

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Field Value
 
Title Influence of building costs on rents of residential property in Owerri, Nigeria
 
Creator Okoronkwo, NSN
 
Subject Building, Costs, Rent, Residential, Property, Accommodation.
 
Description Residential building accommodation projects undertaken by individuals and organizations are investment whose returns and rewards should be adequate to offset the costs incurred and give good level of profit for entrepreneurial risks. In the recent times there existed unprecedented rise in rental values of newly
completed building accommodation in Owerri the Capital of Imo State without considerations to the tenants’ ability to the sustainable rent payment obligations. Field investigation indicated that high costs incurred by developers and expectations of early recoupment of capital and profits from residential building investments have prompted high rental expectations. The implication of these is that real property practitioners adduce non co-related basis for property rental determination. This therefore, gives unreliable market values of building investment within the localities.
 
Publisher Directorate of General Studies, FUT, Owerri
 
Contributor —
 
Date 2011-06-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/ijdmr/article/view/66995
10.4314/ijdmr.v6i1.66995
 
Source International Journal of Development and Management Review; Vol 6, No 1 (2011)
 
Language eng
 
Relation http://www.ajol.info/index.php/ijdmr/article/view/66995/55112
 
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