An Assessment Of Housing Demand And Supply

An Assessment Of Housing Demand And Supply

Chapter One

Preface

Background of the Study

casing is one of the introductory musts of man and has no mistrustfulness a profound impact on the health, weal and productivity of the individual others are apparel and food. casing mustn’t be considered purely as sanctum but against life which encompasses with profitable, social and educational requirements which must be suitable to meet the need and aspiration of the residers as well as contribute to the physical, internal, social good of the people and give maximum quiet terrain, living and out-of-door space, sequestration, cleanliness, safety and aesthetic satisfaction.

casing demand can be explained as the amenability and capability of casing consumer to pay for a particular lodging depending upon similar consumer’s income, house type, position preferences and original prices.

Demand is the volume of good or service that consumers are willing and suitable to buy at a given price at a particular given time period. Demand for casing at certain price refers to the value that’s placed on a house linked with the satisfaction deduced in similar house. In economics, this is nominated as mileage. casing force on the other hand is produced using land, labour and colorful inputs similar as electricity and structure accoutrements . The volume of the new force is determined by the cost of these inputs, the price of the being stock of houses and the technology of product.

The rate of urbanisation in Nigeria is remarkably adding , especially during the oil painting smash period which has accordingly led to an unknown increase in population and performing in high demand in casing.

Both government and individualities are being so concerned in the provision of both quantitative and qualitative casing to meet the demand of the ever adding population in Nigerian civic metropolises. Albeit, the sweats of the government at all situations( civil, state and original) and individualities in making provision for an acceptable casing unit for Nigeria crowd has not yielded fruit.

The problems of inadequacy of the structure accoutrements , indigenous coproprietors , attainability to finances, exchange rate and so on, are the major constraints that led to price increases of the casing construction which has accordingly made it insolvable for people of low income or middle income to acquire their particular house.

casing demand in civic centre is a incarnation and reflection of different ménage solicitations to live in an civic centre, the desire of people to live in an civic centre especially in Anyigba is adding at an intimidating rate. colorful reasons have been attributed to an adding taste for civic living and these reasons include employment occasion, civic amenities and serviceability consumption openings. This situation has accordingly led to casing deficit and utmost people are also set up living in nasty structure apartments due to their socio- profitable background which can not manage with an ever adding price of decent houses.

casing is in inelastic force in some metropolises either through little or no open land, restriction of original regulations on development that make it prohibitively precious or slow. The accoutrements cost of structure, unsupportable conditions on getting loan from the mortgage banks and government programs have been factors militating against the achievement of the trouble of public inventors and private inventors, that’s the government and individualities in bridging the gap in casing force and demand.

Also, the time of casing process is another factor that affects the force of casing to meet the demand. The complexity and time duration in casing force is one of the major problems which contribute to the deficit of casing force to different socio- profitable status of casing consumer.

The time of casing process would not allow the casing force to meet the casing demand as a result of increase in civic population compared with the time period it would take for casing delivery to be taken place into the casing request for the consumption.

casing takes long time to construct and can not fluently be made ready for consumption if there are changes in demand. There’s need for proper understanding of the nature and complexity of casing product for the purpose of working these problems.

In these places, casing prices can frequently be lower than the cost of new construction, because of the abundant force. numerous attempts have being made both by individual and government through colorful programs in working casing problem in Nigerian civic centres.

Anyigba has gradationally surfaced as the social and marketable headquarters of the eastern senatorial quarter of kogi state which is the motherland of the igalas( substantially) and the bassas. The city has earned this status through a combination of edge central position within the senatorial quarter and socio- profitable conditioning in more recent times down from the artistic influence of idah, the seat of traditional leadership of the igalas( attah of igala). The status of Anyigba city was further boosted in time 2000 with the establishment of a university i.e.( kogi state university) within the city, this in turn has affected the type of land use in the area under study. As at the time 2001, the major land use in Anyigba was substantially domestic(63.28 of the total land area) inclusive of the domestic diggings in the university. The population of Anyigba has increased to about40.764 as at the time 2001 negative to the estimated population figure of the city by the city planning development board in their master plan for Anyigba from 1974- 2005. As a result of the establishment of the university( substantially) and because people have migrated to Anyigba to profit of it’s marketable, executive, profitable functions etc. The establishment of the university has encouraged migration of people to Anyigba Town. numerous people have migrated from different corridor of the state( kogi) especially scholars and from all over the country. Some of these people have come from as far as kaduna, maiduguri, lagos, gombeetc. to profit from the educational functional of Anyigba. This coupled with the migration of people for some other purposes domestic in cases of withdrawaletc. has led to a dramatic increase in the population of Anyigba Town. It’s good of note that as these people come to Anyigba from their different places and for different purposes, these is a need for their marketable requirements to be met. These people need requests from within Anyigba where they could buy their requirements. Anyigba heretofore doesn’t give a satisfactory marketable function; people have to travel utmost times, long distances before they could buy some particulars for themselves. This ought not to be so; people need requests from within Anyigba rather than travelling to far places for their marketable conditioning. For illustration, one would have to travel to a place like lokoja before you can get particulars like cartographic pens or indeed handbooks. Although Anyigba serves as a request( central place) in the region, it doesn’t adequately satisfy the marketable requirements of its occupants substantially because the kind of goods bought by the near townlets are ever different from those bought by occupants. exemplifications of similar goods are win oil painting, fruitsetc. for the region for the occupants, goods like accoutrements , books and goods for everyday use are demanded. But for the occupants, it doesn’t adequately and satisfactorily give its marketable functions in terms of vacuity and quality.

Statement Of The Problem

casing has been a concern of individual, families, group and government since the dawn of civic civilization. This problem has frequently been associated to land accession problem, low income of the existent, high cost of structure accoutrements , statutory regulation, non use of original structure accoutrements etc. It’s generally a situation of either the government has failed in meeting up with its scores or that the individualities had remained for some times incapacitated to be suitable to break through colorful bureaucracies in land accession procedure. One of the topmost problems in the world moment is that of provision of sanctum. It’s on this background that the experimenter intends to probe the short fall in casing force

Objects Of Study

The main end of the study is assessment of casing demand and force in Anyigba.

i) To ascertain the marketable nature of Anyigba and the marketable land use of the city.

ii) To ascertain ways of perfecting the marketable structure of casing in Anyigba.

iii) To examine the literal base of the marketable nature of casing Anyigba.

iv) To ascertain the relationship between casing demand and force in Anyingba

Exploration Question

1) What’s the marketable nature of casing in Anyigba?

2) is there any ways of perfecting the marketable structure of casing in Anyigba?

3) is there any relationship between the marketable nature of Anyigba and provision of accommodation?

4) What are the ways of meeting demand and force of casing in Anyigba?

Significance of the study

It’s believed that at the completion of the studies, the findings will be useful to the civil ministry of casing and city planning in their hunt to give affordable accommodation to its citizens. The study will also be of great significance to the private investors in the casing diligence as the study will be a settler to them to ascertain the areas of casing demand in the country. the study will also be of great significance to experimenters who intend to embark on exploration on analogous content as it’ll serve as a reference point. Eventually the study will be of significance to academia, scholars, preceptors and the general public who are also a donator of casing in the community.

Compass And Limitations Of The Study

The compass of the study covers assessment of casing demand and force in Anyigba community in Kogi State.

still, the study has some constrained and limitations which are

a) Vacuity of exploration material-

The exploration material available to the experimenter is inadequate, thereby limiting the study

b) Time-

The time frame allocated to the study doesn’t enhance wider content as the experimenter has to combine other academic conditioning and examinations with the study.

c) Finance-

The finance available for the exploration work doesn’t allow for wider content as coffers are veritably limited as the experimenter has other academic bills to cover.

Description Of Terms

casing

A hearthstone similar as a house, apartment, mobile home, or room( s) within a larger structure that provides a space for inhabitants making up a single ménage to live and eat.

Demand

Demand is an profitable principle that describes a consumer’s desire and amenability to pay a price for a specific good or service.

force

force is a abecedarian profitable conception that describes the total quantum of a specific good or service that’s available to consumers.