ABSTRACT The importance of accurate estimate during the early stage of cost planning of capital project has been widely recognized for many years. Even so, very few quantitative method are available that enable estimators and business managers to objectively evaluate the accuracy of early estimates and planning. The primary purpose of this study was to identify and examine the factors influencing cost planning of building project in Gombe and Bauchi State as it relates to the Nigerian C...
For an object to have value it must be scarce in relative to demand, i.e. it has to be limited in supply relative to its demand, this also applies to the case of properties. If an item is in high supply and there is limited demand for it, then ion an economic sense that object has no value. For example, air is useful for many purposes because it is in free supply, it has no economic value. Apart from being a measure of the relationship between supply and demand of commodities, value als...
INTRODUCTION 1.1 BACKGROUND OF THE STUDY Housing is one of the three basic needs of mankind and it is the most important for the physical survival of man after the provision of food. Decent housing is one of the basic needs of every individual, the family and the community in general. As a pre-requisite to the survival of man, it ranks secondly only the food. It is also one of the best indicates of a persons standard of driving and his place in a society. The housing and individual ...
ABSTRACTIn Nigeria today, the government and its age ncies require land to carryout its development programs and due to the sentiment attached to land voluntary transfer of land by individual to the government is rare. So the government resort to compulsory acquisition and compensation paid there of the individuals whose right of accompany to land are extinguished due to over riding public interest. Laws are enacted to regulation the process of acquisition and compensation among host of other...
ABSTRACT The aim of this dissertation is to evaluate the effects of slum on property values at Aguowa via Trans-Ekulu and confirm that slum was responsible for the low property value in the area. The study showed that the slum occurrence was as a result of rural migration to urban areas and lack of original planning in the area. This work is organized in five chapters. Chapter one deals with the introduction, statement of the problem, purpose of study, limitation and delimitation, background ...
ABSTRACT Land use can be described as a way, manner or older in which land is used by people in an area for different purposes. Commercial land itself is one set aside the local authority for legal economic activities and business transactions. It account for by far the largest proportion of the total area that has more economical value. Commercial activity is one of the indices for appraising urbanization provision of commercial land for such activities of Ogui – urban become very...
ABSTRACT Environmental Impact Assessment (EIA) can broadly be defined as a study of the effects of a proposed project, plan or program on the environment. The legal, methodological and procedural foundations of EIA were established in 1970 by the enactment of the National Environmental Policy Act (NEPA) in the USA. At the international level, lending banks and bilateral aid agencies have EIA procedures that apply to borrowing and recipient countries. Most developing counties have also embrace...
ABSTRACT This study examined, by means of primary and secondary sources, an examination of the effect of location on the value of residential properties in Egbu/Emekuku areas of Owerri capital territory in Imo State. Data used in this study were derived mainly from secondary sources such as documents, including published literature, official documents, and media reports. Primary data were obtained from questionnaires administered to registered Estate Surveyors and Valuers, Estate Agents, ...
1.1 Background to the Study It was in 1987, in the wake of some well publicized research works by actuaries Hager and Lord that Drivers Jonas first sponsored Investment Property Databank (IPD) to carry out detailed research into valuation accuracy in the United Kingdom. The Royal Institution of Chartered Surveyors (RICS), as the valuers’ professional body, later took over the role of sponsor. In doing so, they were adopting one of the principal recommendations of Sir Bryan Carlsberg...
INTRODUCTION According to M-Kawu (The Ground Work Of Property Valuation) Market value is easy to determine when the consumer goods are involved. The sellers and the buyers are in close contact and are therefore aware of what is happening in the market. No professional is required to advise on the price of a measure of rice in any market. One does not require an expert to tell him the price of an elephant blue detergent in the market. The value or price of the items will come out naturally thr...
ABSTRACT Facility management is a critical business discipline, identified as an important catalyst that boosts the efficiency of organizations worldwide. The multi varied services it offers makes it an asset not only to organizations but to a nation’s economic development. This study investigates articulately the relevance Facility Management has on the economic development of Nigeria. The results from this study will hopefully create more awareness on the usefulness of Facility management...
Abstract This study examines the effect of soil erosion on property values in Calabar Metropolis, Cross River State Nigeria. Questionnaire administration was the major source of data collection. The data gathered were analyzed and hypotheses tested. Oral interview and hypotheses tested clearly show that the problem of soil erosion in Calabar is having severe impacts on the socio-economic life and activities of the residents of the area particularly with respect to the destruction of propert...
AbstractResidential property is one of the basic human needs; hence real estate investments are consistently faced with the types of property and the place to invest because property values are not uniformly distributed in cities. Auckland commercial property is a physical asset class that forms an important part of the capital market universe. On available data, the extent and composition of investment grade commercial property and associated property investment products can be measured and ...
1.1BACKGROUND OF STUDY The issue of property management has persisted in the Nigeria society for quite sometime. Property management is the art and science of real estate with respect to it’s development, maintenance, cash flow from users and occupiers in order to achieve optimum benefits for the owner and all parties interested in the property within the ambit of relevant laws.It is observed that for many years. most properties have lacked proper management due to absence of qualified pro...
1.0INTRODUCTION The land use Decree No. 6 of 1978 otherwise popularly called Land Use Act was promulgated on 29th March, 1978, the effective date of the commencement of its operation in Nigeria. It is a statutory approach or device used by the federal government to consolidate and harmonize the diverse tenures prevalent in the country before the promulgation. It aims at ensuring the protection of the rights of all Nigerians to enable them to provide for the sustenance of themselves and thei...