Afford ability in amortisation of public urban workforce home ownership in Sokoto, Nigeria
| dc.contributor.author | Alhaji, Hayatu | |
| dc.date.accessioned | 2015-05-12T04:57:58Z | |
| dc.date.available | 2015-05-12T04:57:58Z | |
| dc.date.issued | 2010 | |
| dc.description.abstract | This research study is based purely on the home ownership of public urban workforce housing in Nigeria, with particular focus on affordability in amortisation. Literature on affordability in housing expressed affordability as a relationship between household and their housing situation, and that home ownership affordability can be measured and interpreted by the cost of housing and household's monthly income, however, it does not specifically address actual home ownership affordability in amortisation despite the fact that the efficiency of the amortisation process in home ownership is assumed to have influence on affordability. A pilot survey was conducted on public owner-occupier workforce housing in Nigeria and it was discovered that over 50% of the entire housing units allocated to the workforce were either sold out by the beneficiaries, or given out for rent. This led to a full survey with an objective of identifying the effects of the efficiency of amortisation process in home ownership affordability. The methodology employed involved a quantitative study of public owner-occupier urban workforce housing in Sokoto, Nigeria. Quantitative data was obtained using questionnaires in which respondents were asked relevant question on factors believed to have influence on the efficiency of the amortisation process. The result of the analysis indicated low percentages (29%) of the beneficiaries were satisfied with the amortisation process, whereas the majority claimed they could not bear the level of deduction as a result of high monthly amortisation cost. The monthly amortisation cost made up a significant portion of the monthly incomes of beneficiaries as more than 60% of the respondents reported that the deductions made up over 40% of their income. The study recommends that 20% of monthly income and 30 years are the appropriate monthly amortisation cost and period respectively . | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/634 | |
| dc.language.iso | en | en_US |
| dc.title | Afford ability in amortisation of public urban workforce home ownership in Sokoto, Nigeria | en_US |
| dc.type | Thesis | en_US |
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