Demand and Delivery Dichotomy of Residential Properties in Ota, Ogun State, Nigeria

Authors

  • Chukwuemeka O. Iroham, Moses E. Emetere, Hilary I. Okagbue, Nkolika J. Peter

Abstract

There is a massive demand for residential properties in Ota, Ogun State, Nigeria. The demand
is evident, perhaps due to its proximity to Lagos, the country's leading commercial capital. With the surge
in population increase in Lagos, neighborhood cities have felt the influx of commuters who cannot cope
with the high rentals in Lagos. The immigration to Ota, a neighboring city from Lagos, for
accommodation, informed the present study in a bid to discover Ota's capacity in accommodating the
massive demand for residential accommodation. However, most previous research has linked the
migration of people with housing prices with none assessing the dichotomy in demand and delivery of the
various residential units as a result of the surge in population. To undertake this study, questionnaires were
distributed to the eight major real estate agents in the town. Data obtained for seven years was analyzed
using various statistical tools such as T-test, F-test, Mann-Whitney, mood median, Kolmogorov Smirnov,
Anderson-Darling test, and Fligner-Kileen test. It was revealed that though self-contain apartment, onebedroom flat, and two-bedroom flats had huge demand the market has not been able to meet the numerous
requests. However, three-bedroom flat and detached houses though not readily available in the market
are least sought for. The study now recommends the construction of more of the lower accommodation
units to house the teeming population in the study area. Sustainability is attained when the flexibility of
the price of land and rent are flexible to sustain the demand and supply of house in the study area

Published

2020-11-01

Issue

Section

Articles