International Journal of Social Science & Economic Research
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Title:
ASSESSING HOUSING MARKET DISEQUILIBRIUM IN ENUGU METROPOLIS, NIGERIA – A MICROECONOMIC PERSPECTIVE

Authors:
Paul Chinedu Okey , Ifeanyichukwu Valentine Nwafor and Chinaza Obineme Henry

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Paul Chinedu Okey1 , Ifeanyichukwu Valentine Nwafor2 and Chinaza Obineme Henry3
1,2. Department of Estate Management, University of Nigeria, Enugu Campus
3. Department of Estate Management, NnamdiAzikiwe University, Awka

MLA 8
Okey, Paul Chinedu, et al. "ASSESSING HOUSING MARKET DISEQUILIBRIUM IN ENUGU METROPOLIS, NIGERIA – A MICROECONOMIC PERSPECTIVE." Int. j. of Social Science and Economic Research, vol. 6, no. 9, Sept. 2021, pp. 3080-3096, doi.org/10.46609/IJSSER.2021.v06i09.001. Accessed Sept. 2021.
APA 6
Okey, P., Nwafor, I., & Henry, C. (2021, September). ASSESSING HOUSING MARKET DISEQUILIBRIUM IN ENUGU METROPOLIS, NIGERIA – A MICROECONOMIC PERSPECTIVE. Int. j. of Social Science and Economic Research, 6(9), 3080-3096. Retrieved from https://doi.org/10.46609/IJSSER.2021.v06i09.001
Chicago
Okey, Paul Chinedu, Ifeanyichukwu Valentine Nwafor, and Chinaza Obineme Henry. "ASSESSING HOUSING MARKET DISEQUILIBRIUM IN ENUGU METROPOLIS, NIGERIA – A MICROECONOMIC PERSPECTIVE." Int. j. of Social Science and Economic Research 6, no. 9 (September 2021), 3080-3096. Accessed September, 2021. https://doi.org/10.46609/IJSSER.2021.v06i09.001.

References

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[4]. https://www.jchs.harvard.edu/sites/files
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[8]. Mingyang, G., Yongjian, S., & Yu, Z. (2014). An equilibrium approach to the disequilibrium in the housing market in China. Digital Repository of Nanyang Technological University, Singapore. Retrieved from https://hdl.handle.net/10356/59284
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Abstract:
The purpose of this study is to assess the housing market disequilibrium in Enugu Metropolis with a view to addressing the problem of arbitrary provision of housing. Using the 1990 – 2020 indices on supply, demand and price, and accompanied with solid estimations, analyses and calculations, it was possible to assess the disequilibrium dynamics in the housing market from a microeconomic perspective. The disequilibrium assessment involved testing for association and variation between demand and supply, establishing housing gaps and estimating the magnitude of disequilibrium. The results helped to give a verdict on how well the housing market is functioning while providing the government and other market participants with valuable reference on how to restore the market back to equilibrium.

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