CHALLENGES OF PRIVATE DEVELOPERS ON RESIDENTIAL HOUSING DEVELOPMENT IN ABUJA, NIGERIA
1 Department of Estate Management, Kaduna State University, Kafanchan Campus, Nigeria
2 Department of Estate Management, Osun State College of Education, Esa Oke, Nigeria
* Corresponding author: clementchioma@gmail.com
2 Department of Estate Management, Osun State College of Education, Esa Oke, Nigeria
* Corresponding author: clementchioma@gmail.com
Abstract
Housing is one of the relevant tools for the wellbeing and health of man. Housing serves as a shieldfor man. The study examined the challenges of private developers on residential housingdevelopment in Abuja. Data were collected through questionnaire administration. The method ofdata analysis was frequency distribution and weighted mean score. The major challenges ofprivate developers on residential housing development identified by respondents include high costof building materials, inadequate access to housing finance and high interest rate. The studyrecommends that government should subsidize the prices of building materials. Also thegovernment should make policies that ease housing finance. The study concludes that finance canalso be assessed through better structured innovative financing options for housing andinfrastructural development.
Keywords
Housing
Residential property
Estate developers
Challenges and Abuja
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How to Cite
O.C, A., O.M, O. ,., & J.U, A. (2020). CHALLENGES OF PRIVATE DEVELOPERS ON RESIDENTIAL HOUSING DEVELOPMENT IN ABUJA, NIGERIA. Kaduna State University Environmental Sciences Journal, 1(2), 140-148. https://doi.org/10.66884/kesj.2020.q0idme7t
A. O.C, O. ,. O.M, and A. J.U, "CHALLENGES OF PRIVATE DEVELOPERS ON RESIDENTIAL HOUSING DEVELOPMENT IN ABUJA, NIGERIA," Kaduna State University Environmental Sciences Journal, vol. 1, no. 2, pp. 140-148, December 2020. doi: 10.66884/kesj.2020.q0idme7t
