Comparative analysis of rent differential in selected residential areas in Obio/akpor Rivers State
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Comparative analysis of rent differential in selected residential areas in Obio/akpor Rivers State
Abstract
The purpose of this study was to conduct a comparative analysis of rent differentials in certain residential neighbourhoods of Obio/akpor Rivers State. The study employed the following objectives for analysis:
To identify the factors that have the greatest influence on any such rent differentials in the study area, to determine the factors that influence any differentials in residential house rent that may exist in the study area, and to determine the relationship between residential housing rent and the income classes of the study area’s household heads.
The researcher collected data through a combination of questionnaires, interviews, and self-observation. The data was gathered from several landlords and tenants in Obio/Akpor, Rivers state, for the selected properties. The acquired data was analysed based on interpretation and conclusions, and recommendations were given.
Chapter one
Introduction
1.1 Background of the Study
The provision of adequate housing that is safe, secure, accessible, affordable, and sanitary is a fundamental human right, as established in the United Nations Habitat Agenda, and housing is commonly recognised as the second most essential human necessity. It is a basic need for human survival and an important component in improving citizens’ quality of life.
This widely established truth has been recognised by successive Nigerian governments, as evidenced by pockets of coordinated projects and programs in mass housing creation over the years. Despite these initiatives, disparities in housing rent remain a significant issue.
Effective housing rent involves many actors, necessitating effective partnership collaboration and information. The significant shortfall in housing provision and rent has been attributed to the inadequacy of the existing national housing policy (1991) in meeting current challenges and economic trends, as well as guiding sector development.
Housing, in all its ramifications, is more than just shelter, because it encompasses all the social services and utilities that go to make a community or neighbourhood a living environment.
The problem of housing in Nigeria is large and complex, with noticeable regional variances. Furthermore, the issues posed by the rapid pace of unregulated and unplanned urban growth are enormous.
Millions of people live in substandard and subhuman conditions, marked by slumps, squalor, and drastically inadequate social services.
The housing problem in our cities is not limited to the number of housing units, infrastructure, the disparity in housing rent, or the environment; the result is growing overcrowding in homes, neighbourhoods, and communities, as well as increased pressure on infrastructural facilities such as roads, drainages, power supply, and a rapidly deteriorating environment.
The situation is slightly different in rural areas, where the problems are primarily due to insufficient and poor infrastructural facilities such as roads, drainages, water, power supply, differences in housing rent, and basic social amenities (schools, health care facilities, etc.).
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