International Journal of Social Science & Economic Research
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Title:
THE LEVEL OF PROPERTY MARKET DEVELOPMENT IN OGUN STATE, NIGERIA

Authors:
OLADAPO, Rasidat Adejoke

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OLADAPO, Rasidat Adejoke
Department of Estate Management Federal University of Technology, Akure, Nigeria

MLA 8
Adejoke, OLADAPO, Rasidat. "THE LEVEL OF PROPERTY MARKET DEVELOPMENT IN OGUN STATE, NIGERIA." Int. j. of Social Science and Economic Research, vol. 3, no. 10, Oct. 2018, pp. 5680-5698, ijsser.org/more2018.php?id=397. Accessed Oct. 2018.
APA
Adejoke, O. (2018, October). THE LEVEL OF PROPERTY MARKET DEVELOPMENT IN OGUN STATE, NIGERIA. Int. j. of Social Science and Economic Research, 3(10), 5680-5698. Retrieved from ijsser.org/more2018.php?id=397
Chicago
Adejoke, OLADAPO, Rasidat. "THE LEVEL OF PROPERTY MARKET DEVELOPMENT IN OGUN STATE, NIGERIA." Int. j. of Social Science and Economic Research 3, no. 10 (October 2018), 5680-5698. Accessed October, 2018. ijsser.org/more2018.php?id=397.

References
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Abstract:
This study assessed property market in Ogun State, with a view to ascertain its level of development within the context of the features of a developed property market. It identified the stages of market development, the factors influencing the level of market development and the features of a developed market. The target population of the study comprises practicing Estate Surveying and Valuation firms, Real Estate Developers and occupants of Four selected Government Housing Estates in Ogun State. The entire 4 Estate Surveying and Valuation firms and the 12 No Real Estate Developers obtained from the directories of each of their professional association within the State were utilized. The sample size of 439 occupants in OPIC Housing Estate, Agbara; Obasanjo Hilltop (GRA) Estate, Luxury Scheme and Medium Housing Scheme of some selected estates were obtained from their developers for data collection. Structured questionnaires were administered on these target population and data retrieved were analysed using descriptive statistics, weighted mean score and Kruskawalis test to show any significance difference among the opinions of the respondents. The findings pointed out large number of uses and users but the factors portraying the features of developed market at the varying level of evolving and developing stage.; with no significant difference among the respondents. The study recommended that there is a need to provide the enabling institutional policies and frameworks for enough land, finance and updated infrastructure to effectively develop the property market. This will encourage sufficient real estate products and reduce the burden of demand and provision of adequate finance for real estate market development.