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Examination Of Property Value Trend In Nkwerre Urban Area In Nkwerre L.G.A, Imo State.

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Description

– Examination Of Property Value Trend In Nkwerre Urban Area In Nkwerre L.G.A, Imo State –

Download Examination Of Property Value Trend In Nkwerre Urban Area In Nkwerre L.G.A, Imo State. Estate management students who are writing their projects can get this material to aid their research work.

Abstract

As far as real estate is concerned, the value goes with the same economic laws as values of other goods and services. Therefore the value of property relates its basis to the law of demand and supply just as the price of the commodity in the market.

The other underlying factors that guide the property market in the supply shall also be highlighted. Property can be seen in various ways, it is a multi-dimensional product and the factors that influence values are of different kinds which can be looked at in this work.

Property values tend to increase in Nkwerre due to expanding transportation networks, good residential properties, etc.

Introduction

Value is the worth of any article in exchange. The money worth will accrue to the lesser will be an inverse function of the value of demand, long term age especially in the days of the oil boom, the property market of the area was dull because people prefer to build than to let or lease because building cause was cheap.

But in a decade, the property market of the study area has experienced a gradual change in the property value.

With the emergence of urban markets in Nkwerre, the situation has changed. Many people are no longer about to own property unlike before where the property was seen as a sign of being wealthy, for prestige, status, etc.

It was a fool for competition, where every man in Nkwerre who owned a story building is regarded as a rich man. But since Nkwerre became urbanized, people no longer own property because of the difficulty in acquisition of land and the high cost of building constructions.

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