Housing construction materials and house rent trends in Ede, Nigeria

IF 0.8 Q3 Economics, Econometrics and Finance

Pacific Rim Property Research Journal Pub Date : 2021-09-02 DOI:10.1080/14445921.2022.2045538

Dabara Daniel Ibrahim, Chiwuzie Augustina, Guyimu Joshua, O. Asa, O. Omotehinshe

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引用次数: 1

Abstract

ABSTRACT The study examines the relationship between housing construction material prices and house rents in Ede town, Nigeria, from 2002 to 2020 to guide investment decisions. The research was conducted using a questionnaire survey. The study’s population consists of landlords, estate surveyors and valuers, real estate agents, and building material suppliers/sellers in the study area. Data obtained was analysed employing descriptive and inferential statistical tools. The results showed that house rents and building material prices maintained an upward trend within the study period. Changes in house rents correlated with some percentage changes in the prices of selected building materials (cement, roofing sheet, reinforcement bar, sand and tiles). However, all the correlations are not statistically significant at 0.05 level. The regression model’s coefficient of determination R-squared revealed that building material costs explained about 43.6% of the variation in house rents. This result implies that factors other than building material costs may influence the changes in the house rents. The study’s finding will be valuable to stakeholders making real estate investment decisions in the study area and similar developing economies in general.

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尼日利亚Ede的房屋建筑材料和房屋租金趋势

摘要本研究考察了2002年至2020年尼日利亚艾德镇房屋建筑材料价格与房屋租金之间的关系，以指导投资决策。这项研究是通过问卷调查进行的。研究人群包括研究区域内的房东、房地产测量师和估价师、房地产经纪人以及建筑材料供应商/销售商。使用描述性和推断性统计工具对获得的数据进行分析。结果显示，在研究期间，房屋租金和建筑材料价格保持上涨趋势。房屋租金的变化与选定建筑材料（水泥、屋面板、钢筋、沙子和瓷砖）价格的某些百分比变化相关。然而，在0.05的水平上，所有的相关性并不具有统计学意义。回归模型的决定系数R平方显示，建筑材料成本解释了房屋租金变化的43.6%。这一结果表明，建筑材料成本以外的因素可能会影响房屋租金的变化。这项研究的发现将对研究区域和类似发展中经济体的利益相关者做出房地产投资决策具有价值。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Pacific Rim Property Research Journal BUSINESS-

CiteScore

1.10

自引率

0.00%

发文量