Analysis of Residential Property Investments in Lagos, Nigeria

Residential real estate possesses not only the value of utilisation in owner-occupation but also the value of investment in leasing and disposal. In the gamut of investment choices generally, investors need to be adequately informed and properly guided on attributes of expected returns to enhance optimal creation of wealth. This book examined decision-taking factors in residential property investments, the trends of rental values on leases and capital values of residential properties from 2001 to 2010 and factors influencing returns in investments in residential real estate in the Lagos metropolis. Results from the study showed that returns from investment in residential real estate do not conform to straight-jacket defined boundaries. It is recommended that services of Estate Surveyors and Valuers are better engaged by residential real estate developers from the conception of investments in residential real estate to rightfully determine the optimal type of residential property for envisaged or already secured locations and the best location for a pre-determined type of residential property.

Autorentext

Adebayo OLETUBO is a Principal Lecturer and Head, Department of Estate Management & Valuation, Lagos State Polytechnic, Ikorodu, Nigeria. He holds M.Sc. (Transport Studies), M.Tech. (Estate Management) and Postgraduate Diploma in GIS. He is a Fellow of The Nigerian Institution of Estate Surveyors &Valuers (FNIVS) and its former National Secretary.