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- W1854156918 abstract "The quantitative and qualitative housing challenges especially among the middle and low income groups inNigeria have continued to constitute a source of concern to all. Over the years, different studies haveexamined the situation and attributed the problem to the inability of government to provide housing enmasse,lack of access to capital, low income and high costs of procurement of available ones. This studyadvances knowledge by focussing on renters and taking a closer look at the overall cost of rental housingand its effect on renter to owner’s efforts. Renters’ population is on the increase in major urban centres withreduced capacity for home acquisition. This study examines household spending pattern, identifies othercosts incidental to rental housing consumption and how they affect renters’ home acquisition drives’.Questionnaires were administered to 750 renters randomly selected from three local government areas inLagos State. Data collected were subsequently analysed with descriptive tools such as tables, percentages,relative importance index and a 5-point likert scale. It was discovered that apart from rent, other costsincidental to rental housing consumption significantly reduces renters’ savings capacity. The study thereforesuggests that these other costs be examined critically and treated appropriately. They could be stabilised,subsidized, eradicated or totally shouldered by the government." @default.
- W1854156918 created "2016-06-24" @default.
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- W1854156918 date "2013-09-01" @default.
- W1854156918 modified "2023-09-24" @default.
- W1854156918 title "Cost of Urban Rental Housing and its Implications on Home OwnershipDrive of Middle and Low-Income Earners in Lagos State, Nigeria" @default.
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- W1854156918 hasPublicationYear "2013" @default.
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