A CRITICAL EXAMINATION OF LAND COST ELEMENTS ON PRIVATE HOUSING DEVELOPMENT IN AWORI LAND, OGUN STATE, NIGERIA. A CASE OF ADO/ODO-OTA LGA.

Authors

  • Orekan Atinuke Adebimpe Department of Estate Management, College of Environmental Sciences, Bells University of Technology, Ota, Ogun State.
  • Adeyemi Bamidele Estate Management Department, Faculty of Environmental Sciences, University of Lagos
  • Ubong John Ekott Estate Management Department, Faculty of Environmental Sciences, University of Lagos

DOI:

https://doi.org/10.22452/ijps.vol11no1.4

Keywords:

Land cost, Land Elements, Land Value, Housing Development, Awori.

Abstract

This study examines the cost elements associated with land acquisition and development and the effect it has on public housing development using Awori land in Ado/Odo-Ota LGA in Ogun state, Nigeria, as a case study. To achieve this, a survey was administered to estate surveyors & valuers and officers of the Bureau of Lands and Survey who are involved in property developments. The findings revealed that land registration cost, lease cost, deeds of assignment were ranked as important. It is also found that there is also a significant relationship between land cost elements and rate of housing development. The study further revealed that there is a positive relationship between the land cost elements and the rate of housing development. In conclusion, this implies that an increase in one of the land cost elements will affect housing development.

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Published

2021-08-30

How to Cite

Atinuke Adebimpe, O., Bamidele, A. ., & Ekott, U. J. . (2021). A CRITICAL EXAMINATION OF LAND COST ELEMENTS ON PRIVATE HOUSING DEVELOPMENT IN AWORI LAND, OGUN STATE, NIGERIA. A CASE OF ADO/ODO-OTA LGA . International Journal of Property Sciences (E-ISSN: 2229-8568), 11(1), 60–70. https://doi.org/10.22452/ijps.vol11no1.4

Issue

Vol. 11 No. 1 (2021)

Section

Articles

License

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