The Effect of High Cost of Building Materials on Property Development (A Case Study of Ile-Ife in Osun State)

SYNOPSIS

In any planned economy of the world, the issue of high cost of building material cannot be over-emphasized. There should be a regulatory bodies or agencies of government with the view to achieve harmonic development in real property market in such a way and manner as to promote economic growth and satisfaction to the terming population who invest in this sector of economy as a result of significant role building materials play in real estate, there must be a check to any abnormal rise in such materials being used in other not to cause high cost of building construction.  

However, due to weakness in regulatory agencies there is an alarming rate of inflationing trend leading to unstable economy in our nation which therefore has an adverse effect on the building industry.

Furthermore, due to the capital that will be part and property development, investor in real estate found it very difficult to build. And as a result there is delay in completion of any project been proposed to the done.

This study is therefore aim at highlighting the various problems with high cost of building materials on real estate development.

It is believed that the result of the study will provides the recommendation which if implemented will ensure effective control of high cost of building materials and enhance property development in real estate sector of our economy.

TABLE OF CONTENT

Title pagei

Certificationii

Dedicationiii

Acknowledgementiv

Table of content v

Synopsisvi

CHAPTER ONE

1.0Introduction

1.1Statement of problem

1.2Aim of the study

1.3Objectives of the study

1.4Significant of the study

1.5Scope of study

1.6Limitation of study

1.7Study area

1.7.1 Locational plan

1.8Definition of terms

CHAPTER TWO

2.0Literature review and conceptual framework

2.1An appraisal of Nigerian’s economic policy on real market

2.2Property development process

2.3Those involved in real property development

2.4Concept of real property development

2.5Source of property finance

2.6Concept of property investment

2.7Factors affecting high cost of building materials

CHAPTER THREE

3.0Research methodology

3.1The research design

3.2Data types and source

3.3Instrumentation for data collection

3.4Sample frame, sample size and sampling procedure

3.5Method of data collection

3.6Method of data analysis

CHAPTER FOUR

4.0Data presentation and analysis

4.1Trend of building materials prices in the study

4.2Types of property along with their rental values

4.3Nigerian economic indicators

CHAPTER FIVE

5.1Summary of findings

5.2Conclusion

5.3Recommendations

Bibliography