Julius Olujimi

Effects of Facilities on the Rental Value of Properties in Nigeria: a Case Study of Residential Properties in Akure Julius Olujimi

This book presents the evaluation of the effects of available infrastructure on the rental value of residential properties in Akure, Nigeria. The primary data collected were subjected to multiple regression analysis and the determination of the effects of each of the available infrastructure (water, electricity, access roads, kitchen, toilet, refuse disposal facility, wall fence, installed burglary proof, drainage channel, day-watch security and night-watch security services) on rental values was achieved. The findings among others revealed that tenants in residential properties in Akure cherish security-enhancing infrastructure such as wall-fence, and installed burglary proof. Finally, the study suggested the needs for property developers to invest more on infrastructure in the residential properties as means of enhancing the rental values with a view to recoup the money invested within a shortest period.