Determinants of Demand for Rental Accommodation in Ibadan: A Case Study of Ibadan North West Local Government

Olabusuyi Rufus Falayi, Adeniyi Jimmy Adedokun

Abstract


This study investigates the determinants of demand for rental accommodation in Ibadan (a case study of Ibadan North West Local Government). The study employs survey methodology where questionnaire is used to generate data. Simple random sampling technique is employed to choose the sample used. A total of 200 respondents provided the information used in the study. Regression analysis is used to analyse the data. The results shows that among the variables considered, price of accommodation, income level of occupant, occupation of occupant, education of occupant, marital status of occupant and closeness to work place of occupant are all significant determinants of demand for rental accommodation while, facilities of accommodation, location of accommodation, household size of the occupant, and religion of occupant are all insignificantly related with demand for rental accommodation. The result shows that providers of rental accommodation should be more sensitive to the fact that income of occupant plays important role in the decision of demand for rental accommodation than the price of accommodation in Ibadan.


Keywords


Determinants; Demand for rental accommodation; Ibadan

Full Text:

PDF

References


Adebayo, M. A., & Oladapo, R. A. (2014). Towards the highest and best use of residential lands in low and medium density estates in Lagos. Academic Journal of Interdisciplinary Studies, 3, 21-26.

Alison, W. (2004). Understanding local housing markets the need for a complementary institutional approach. Centre for Housing Policy, University of York, Heslington, York, February.

Aluko, O, (2011). The effects of location and neighbourhood attributes on housing values in Metropolitan Lagos. Ethiopian Journal of Environmental Studies and Management, 4(2), 69-82.

Aluko, O., & Amidu, A. F. (2006). Location and amenities in determining apartment rents: An integer programming approach. Appraisal Journal, 59(2), 266-275.

Amenyah, I. D., & Fletcher, E. A. (2013). Factors determining residential rental prices. Asian Economic and Financial Review, 3(1), 39-50.

Arunsi, S. I. (2006). Supply and housing in Nigeria. In A. Igwe-Kalu & G. N. Chima (Eds.), Housing development in Nigeria (concepts, issues and strategies). Paulinton Press Abakaliki.

Central Bank of Nigeria. (2014). Central bank of Nigeria annual economic report. Retrieved from https://www.cbn.gov.ng/out/2016/rsd/annual%20report.pdf

Eni, E., & Danson, A. (2014). Private sector participation in urban housing supply in Calabar, Nigeria. American International Journal of Contemporary Research, 4(8), 130-141.

Femi, A. B., & Khan, T. H. (2014). Bridging the gap between housing demand and housing supply in Nigerian urban centres: A review of government intervention so far. British Journal of Arts and Social Sciences, 18(II).

Gbadegesin & Oletubo. (2013). Analysis of tenant selection criteria in an emerging rental market. Global Journal of Management and Business Research Interdisciplinary, 13(7), 1-13.

Nubi, O. T. (2008). Affordable housing delivery in Nigeria (pp.1-18). The South African Foundation International Conference and Exhibition, Cape Town, October 2008.

Quigley, J. M. (1976). Housing demand in the short run: An analysis of polytomous choice. A Chapter in Explorations in Economic Research, 3(1), 76-102.

Sani, K. S., & Gbadegesin, J. T. (2015). A study of private rental housing market in Kaduna Metropolis, Nigeria. International Journal of Humanities and Social Science, 5(8), 173-183.




DOI: http://dx.doi.org/10.3968/9700

Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Olabusuyi Rufus FALAYI, Adeniyi Jimmy Adedokun

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Share us to:   

Reminder

  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.


We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: [email protected]; [email protected]; [email protected]

 Articles published in International Business and Management are licensed under Creative Commons Attribution 4.0 (CC-BY).

 INTERNATIONAL BUSINESS AND MANAGEMENT Editorial office

Address: 1055 Rue Lucien-L'Allier, Unit #772, Montreal, QC H3G 3C4, Canada.
Telephone: 1-514-558 6138 
Website: Http://www.cscanada.net Http://www.cscanada.org 
E-mail: [email protected]

Copyright © 2010 Canadian Research & Development Centre of Sciences and Cultures