Examination Of Property Value Trend In Nkwerre Urban Area : Current School News

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Examination Of Property Value Trend In Nkwerre Urban Area In Nkwerre L.G.A, Imo State.

Filed in Current Projects, Estate Management by on June 30, 2021

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Examination Of Property Value Trend In Nkwerre Urban Area In Nkwerre L.G.A, Imo State.

Table of Contents

COVER PAGE

Title page

Certification

Dedication

SYNOPSIS

Table of content

LIST TABLES

LIST OF FIGURES

Chapter One

1.0  INTRODUCTION

1.1 BACKGROUND OF STUDY

1.2  STATEMENT OF PROBLEM

1.3  AIM OF THE STUDY

1.4 OBJECTIVES OF STUDY

1.5  RESEARCH QUESTIONS

1.6  SIGNIFICANCE OF THE STUDY

1.7  SCOPE OF THE STUDY

1.8 LIMITATIONS OF STUDY

Chapter Two

2.0  LITERATURE REVIEW

2.1  CONCEPT OF VALUE

2.2  CONCEPT OF PROPERTY VALUES

2.3  DETERMINANTS OF PROPERTY VALUE

2.4  FACTORS THAT AFFECT PROPERTY VALUES

2.5  TYPES OF PROPERTY VALUE

2.6  CHARACTERISTICS OF URBAN AREAS

2.7  PROPERTY VALUE PRINCIPLES

2.8  PRICE DETERMINATION IN PROPERTY MARKET

Chapter Three

  •    RESEARCH METHODOLOGY
    • RESEARCH DESIGN
    • SOURCE OF DATA
    • POPULATION OF THE STUDY
    • SAMPLE SIZE AND SAMPLING TECHNIQUE
    • RESEARCH INSTRUMENT
    • DATA COLLECTION PROCEDURES
    • DATA ANALYSIS TECHNIQUES

        REFERENCES

Introduction

Background of The Study

As far as real estate is concerned, the value goes with the same economic laws as values of other goods and services. Therefore the value of property relates its basis to the law of demand and supply just as the price of the commodity in the market.

The other underlying factors that guide the property market in the supply shall also be highlighted. Property can be seen in various ways, it is a multi-dimensional product and the factors that influence values are of different kinds which can be looked at in this work.

Property values tend to increase in Nkwerre due to expanding transportation networks, good residential properties, etc. property value is the estimated worth of any given property, in other words, property value differs from place to place depending on various factors such as population, location, ease of access, presence of various infrastructural and social amenities in the area, etc.

Value is the worth of any article in exchange. The money worth will accrue to the lesser will be an inverse function of the value of demand, long term age especially in the days of the oil boom, the property market of the area was dull because people prefer to build than to let or lease because building cause was cheap.

But in a decade, the property market of the study area has experienced a gradual change in the property value. With the emergence of urban markets in Nkwerre, the situation has changed. Many people are no longer about to own property unlike before where the property was seen as a sign of being wealthy, for prestige, status, etc.

It was a fool for competition, where every man in Nkwerre who owned a story building is regarded as a rich man. But since Nkwerre became urbanized, people no longer own property because of the difficulty in acquisition of land and the high cost of building constructions.

Therefore, they were left with the alternative of renting other people’s property in order to satisfy their need for shelter. The nature of this change is the focus of this project, the concept of the values of property, factors affecting property values, and other related topics will be treated.

In the course of this study, the property values trend in Nkwerre, urban area will be examined so as the determinants of property values in Nkwerre L.G.A Imo State.

REFERENCES

Ekenta, E. (2010). Basic Theory and Application of modern valuation: Alheri Books, Port Harcourt, Nigeria.
Hammen Booth and love (2000)
Ifediora, G.S.A. (1993). Appraisal framework, Enugu: Snapp Press Ltd.
Johnson, Davies and Shapro, (2005). Modern method of valuation of land, houses and buildings. Estate  gazeth, London.
Kalu, I.U, (2000). Property valuation and appraisal. Owerrri, Bon Publishers.
Kamali, Hojjat and Rajabi, (2008). The Determinants of property value.
Milinton A.F. (2005). Introduction to property valuation. Fifth Edition, the estate gazette, London.
Nwuba (2008). Assessing the rental alues of commercial properties. Covenant journal of research in the Built environment (CJEBE) vol. 1, No. 1 (Maiden Edition) Jan. 2014.
Olusegun G.K (2003) Principles and practice of property valuation  (i); General principles. Climax communication Ltd, Lago
Thorn Croft, (1992) Principles of estate management. London; estate gazette, limited.
Udechukwu, C.E. (2006), Principles of valuation, Lagos: Treem Publishers.
American Institute of real estate appraisal, (1997). The concept of property value.

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