TRENDS IN RENTAL VALUE OF RESIDENTIAL PROPERTY IN AN EMERGING STATE CAPITAL  (A CASE STUDY OF OSOGBO, OSUN STATE)

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  • Abstract : Available
  • Table of Content: Available
  • Research Questions and Hypothesis
  • Questionnaires
  • References Style: APA

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This study investigates the trends in rental values of residential properties in Osogbo, the emerging capital of Osun State, Nigeria. It examines how factors like population growth, urbanization, and infrastructure development influence fluctuations in property rental values. Utilizing a mix of primary data from surveys and interviews and secondary data from historical records, the research highlights key variables affecting rental prices, including location, property type, construction materials, and market demand. The findings reveal that the rapid urbanization following Osun State’s establishment in 1991 significantly impacted property markets. Rental values of residential properties such as tenement buildings, flats, bungalows, and detached houses have shown substantial variations across Osogbo’s neighborhoods, driven by socio-economic factors and developmental trends. The study further underscores the critical role of proper urban planning and policy interventions to stabilize and optimize the rental market. By providing insights into the determinants of property values, this research aims to guide policymakers, real estate investors, and developers in understanding market dynamics and fostering sustainable urban development. The study concludes with recommendations to improve housing affordability and rental value regulation, ensuring balanced growth in Osogbo’s residential property market.

Keywords

Rental trends, residential properties, urbanization, property value, Osogbo, real estate market, housing affordability, rental value fluctuation, property development, urban planning.

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TABLE OF CONTENT

Title page                                                                                                              

Certification                                                                                                 

Dedication                                                                                                    

Acknowledgement                                                                                      

Abstract                                                                                                         

Table of content                                                                                          

CHAPTER ONE

1.0       Introduction                                                                                      

1.1       Background of the study                                                               

1.2       Aim of study                                                                                     

1.3       Objective of study                                                                           

1.4       Significance of the study                                                              

1.5       Scope of the study                                                                                   

1.6       Research Methodology                                                                 

1.7       Limitation of the study                                                                    

CHAPTER TWO

  • Conceptual framework                                                                  

2.1       Concept of value                                                                            

2.2       Types of value                                                                                 

2.3       Residential property                                                                                   

2.4       Types of residential property                                                         

2.5       Rent                                                                                                  

2.6       Types of rent                                                                                    

2.7       Real Estate and market                                                                 

2.8       The real property market                                                                

2.9       Characteristics of real property                                                     

2.10    Determination of rental value of property                                               

2.11    Price determination in property market                                       

2.12    Factors affecting property values.                                                

CHAPTER THREE

  • Research Methodology                                                                 

3.1       Sources of data                                                                               

3.2       Method of gathering data                                                              

3.3       Research instruments                                                                   

3.4       Method of data presentation and analysis                                 

CHAPTER FOUR

4.0       Data presentation and analysis                                                   

  • Factors that responsible for the trends in rental value             

CHAPTER FIVE

5.0       Summary of findings, recommendation, and conclusion.      

5.1       Summary of findings                                                                      

5.2       Implications of findings                                                                 

5.3       Recommendation                                                                           

5.4       Conclusion                                                                                      

            References                                                                                      

            Appendix      

                                                                                    

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