CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The property market is a major receptacle of foreign direct investment and the extent of its development determines the extent to which it can contribute and buoy a nation’s economy. The Nigerian property market with its potential, like similar markets in several emerging economies in Africa, has…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Public debates recently in Nigeria have centered on the increasing rate of corruption resulting from inappropriate public finance planning and implementation mostly in some of the developing countries, Nigeria inclusive which in turn reduce the level of growth in every sector of the economy including mortgage development…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The growth of the use of the Internet, and in particular the World Wide Web, over the last 10 years has been phenomenal and impacted on nearly every area of life in developed societies. One of the most important aspects of peoples’ lives is their physical living…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The housing sector plays a more critical role in a nation’s welfare than is always recognized, as it directly affects not only the citizenry, but also the performance of other sectors of the economy. Adequate housing provision has since the early 1970s consequently engaged the attention of…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Nigeria is the most populous country in Africa and 8th in the world, with a population of 173 million. Over the past decade the economy has been growing at an average rate of around seven percent yearly and, after Johannesburg, Lagos has the biggest, most liquid market in the…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Housing, literally is defined as buildings or other shelters in which people live, a place to live, a dwelling and to nations a critical component in social and economic system. Housing represents one of the most basic human needs. To most groups housing means shelter but to…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Professionalizing is derived from the term Profession/Professional. A professional connotes a person with a distinct competence for a specified function or discipline (Ojewunmi, 2005). Such a person would have been trained or has acquired the necessary training in that discipline to become a professional in that field….
CHAPTER ONE 1.0 INTRODUCTION Proper financing is all-important to successful property investment and development. Various forms of finance on varying terms from diverse investing agencies are available to the property market. The principal field where various forms of investment finance are employed is that of development where every loan has to be specially tailored…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Recovery rent arrears and treatment of difficult tenants has been identified as a major set-back in property management. These aspects of management functions are being confronted with many problems because rent payment depends mostly on income earn from business carried out in the property. These earning and…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Land use regulations and controls are used to restrict the rights of private land holders in the use of land. The regulations are used to protect public interest in the use of private land. The regulations stem from the need to provide public amenities, to increase the…