The implication of vacancy and occupancy rates to property investment market in Nasarawa town

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Abstract

This research work is on The implication of vacancy and occupancy rates to property investment market in Nasarawa town. This study examines the implication of vacancy and occupancy rate to the property investment market in Nasarawa town. The specific objectives of this are to ascertain the extent of vacancy of properties in the Nasarawa town, to evaluate the causes of vacancy of properties and to examine the implication of vacancy of occupancy rate to property investment market in Nasarawa town. The research adopted the survey design which offers the opportunity to gather information through the use of questionnaires, personal interviews and observation. A structured questionnaire was administered to the respondents to gather relevant data for the study. Data were presented and analyzed using simple statistical tools such as tables and percentages. The study revealed that the housing stock in Nasarawa is very adequate and that the extent of vacancy and occupancy rates of property is on the positive side. The study also shows that the vacancy and occupancy rate can affect the return on property investment. Finally, the researcher recommends that property investors should invest more in Nasarawa real estate market since the market has a positive indicator of making a higher return on investments as it exhibited low vacancy rate and higher occupancy rate and that the investors and property developers should be very conversant with the forces of demand and supply of the real estate market so as to make an investment decision that will not adversely affect their investments.
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The implication of vacancy and occupancy rates to property investment market in Nasarawa town

3,000.00

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