Estate Management &Valuation

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Estate Management &Valuation

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    CHALLENGES OF RENTAL HOUSING AFFORDABILITY BY TEACHERS IN MINNA, NIGER STATE, NIGERIA.
    (International Anatolian Scientific Research Congress, Kayseri – Turkey, 2022) Falilat Abdulmalik; Rukaiyat Ogunbajo; Sekinat Abdulkareem
    Affordable housing has become a serious and considerable challenge especially for low incomes households which resulted from continue growth and expansion of the urban centre. There has been a serious threat to rental accommodation in the urban areas especially to certain grade of workers whose income in most cases are based on their salaries. The challenge becomes not only to provide the houses but to make the houses affordable to the average Nigerian worker. The study examined the challenges of rental housing affordability by teachers in Minna, Niger state, Nigeria. Data were collected from 927 teachers between grade levels 07-17 in 20 purposively selected public secondary schools within Minna metropolis. Information were obtained on the annual income, property rental value and challenges of rental housing affordability by teachers in the study area. Appropriate descriptive and inferential statistics were employed in analyzing data collected. The study revealed that there was a positive significant correlation between annual income and property rental value of the teachers, which implies that as long as there is increase in annual income of teachers, property rental value of teachers in the study area will increase. Lastly, high cost of building materials among others is the strongest predictor of rental value and thus a key contributor to explaining the level of rental housing affordability of teachers in the study area. Among other recommendations to reduce the rental values of properties occupied by teachers in the study area, government should implement existing staff housing programme. While implementing this programme, various income groups should be put into consideration. Emphasis should also be placed on low and medium housing units specific for teachers. This will reduce the housing cost thus making it more affordable to many teachers.
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    Factors Influencing the use of Information and Communication Technology in Real Estate Practice in Minna
    (Faculty of Environmental Technology, Abubakar Tafawa Balewa University (ATBU), Bauchi, Nigeria, 2015) Adeyemo Afeez Adewunmi; Kemiki Olurotimi Adebowale; Adama Unekwu Jonathan; Ayoola Adeyosoye Babatunde
    The study explored motivating factors influencing the use of ICT in Minna. The target population were registered Estate Surveyors and Valuers domiciled and operating within the Minna property market. The respondents were extracted from the 2011 NIESV membership Directory. Survey data from 15 estate firms were collected to analyze the vital motivating factors influencing the use of ICT in real estate practice. A five point Likert scale was used to examine their opinions and spearman rank correlation was used to test if there is any relationship between internal and external motivating factors. The result indicated that increased productivity of staff, enhanced quality of customer services, knowledge sharing factor, information accessibility, improved decision making and time saving are the most influencing motivating factors while competitors' pressure, availability of ICT infrastructure, management and business size, reduced overall cost are less influencing motivating factors. The study further revealed that internal motivating factors strengthened the use of ICT in their domain. There is negative correlation between the internal and external motivating factors. Niger state branch of NIESV and ESVARBON should recommend the use of ICT to all estate firms and estate surveyors and valuers. Also, the work concludes by recommending further conduct of comprehensive indigenous research and development (R&D) in ICT driven real estate practice in Minna by liaison with various educational institutions offering estate management in their domain in order to be abreast of global best practices.