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Demand and Delivery Dichotomy of Residential Properties in Ota, Ogun State, Nigeria

Iroham, C.O. and Emetere, Moses and Okagbue, H. I. and Peter, Nkolika Joy (2020) Demand and Delivery Dichotomy of Residential Properties in Ota, Ogun State, Nigeria. Solid State Technology, 63 (2). pp. 7393-7422.

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There is a massive demand for residential properties in Ota, Ogun State, Nigeria. The demand is evident, perhaps due to its proximity to Lagos, the country's leading commercial capital. With the surge in population increase in Lagos, neighborhood cities have felt the influx of commuters who cannot cope with the high rentals in Lagos. The immigration to Ota, a neighboring city from Lagos, for accommodation, informed the present study in a bid to discover Ota's capacity in accommodating the massive demand for residential accommodation. However, most previous research has linked the migration of people with housing prices with none assessing the dichotomy in demand and delivery of the various residential units as a result of the surge in population. To undertake this study, questionnaires were distributed to the eight major real estate agents in the town. Data obtained for seven years was analyzed using various statistical tools such as T-test, F-test, Mann-Whitney, mood median, Kolmogorov Smirnov, Anderson-Darling test, and Fligner-Kileen test. It was revealed that though self-contain apartment, one-bedroom flat, and two-bedroom flats had huge demand the market has not been able to meet the numerous requests. However, three-bedroom flat and detached houses though not readily available in the market are least sought for. The study now recommends the construction of more of the lower accommodation units to house the teeming population in the study area. Sustainability is attained when the flexibility of the price of land and rent are flexible to sustain the demand and supply of house in the study area.

Item Type: Article
Uncontrolled Keywords: Delivery, Demand, dichotomy, land, market, migrants, Nigeria, price, property, rent, residential, sustainability
Subjects: T Technology > TD Environmental technology. Sanitary engineering
T Technology > TH Building construction
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 20 Jun 2021 21:08
Last Modified: 20 Jun 2021 21:08

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