For sometimes now, it has been observed that some people dwell in tents while others live in thatched mud houses, some yet live in dilapidated concrete buildings while other chose to live in tenements, bungalows, flats and messiness of varied structural strength and aesthetics.
Also, the size of these structures and their construction materials vary greatly and site differences exist. As a result of these observations, the study was on the housing problems and why these discrepancies exist. The title of the research therefore is “financing of real estate in a democratic society’.
Considering the place of shelter in the life of many provision of housing is supposed to be adequate and supply man’s tastes and descries, bat these days, a lot of uncompleted buildings exist in our village and towns and people live in any available accommodation because they do not have the finance to complete the buildings and live in accommodations of their choice.
TABLES OF CONTENTS
Title page i
Approval page ii
Dedication iii
Acknowledgment iv
Abstract vi
Table of content vii
CHEAPER ONE
1.0Introduction 1
1.1Statement of problem 2
1.2Background of study 3
1.3Objective of study 4
1.4Significance of study 5
1.5Scope and limitation of study 5
1.6Definition of terms 6
1.7Research methodology 8
CHAPTER TWO
LITERATURE REVIEW 9
Historical background to housing and
housing finance in Nigeria. 9
2.1The need and demand for housing in Nigeria. 9
2.2 Participants in the financing of real estate in Nigeria. 21
2.3The public sector. 21
A.The federal housing authority 22
B.States housing development authority corporation24
C.The federal mortgage bank of Nigeria 28
D.Insurance companies 38
E.The national provident fund 41
F.Pension funds 44
G.Other financial (commercial banks) 45
2.4The private sector46
A.Property development companies 48
2.5The role of Housing finance in housing development 50
2.6Sources of real estate finance in Nigeria. 51
A.The traditional sources 52
B.The modern sources 55
2.7Problems arising from inadequate
financing of real estate in Nigeria. 57
CHAPTER THREE
Enugu State Housing Development Ebeona 60
3.1Aims and objectives 61
3.2Functions of he corporation 63
Revenue and Finding of Ebeano Housing Estate Enugu 64
3.3Loans 66
A.From the government 66
B.From financial institutions 68
CHAPTER FOUR
Housing Development by Eshda 71
4.1Land acquisition71
4.2Perceliation 74
4.3Development 75
4.4Housing construction 77
CHAPTER FIVE
5.1Finding and Recommendations 79
5.2Recommendation80
5.3Conclusion81
Bibliography 84
FINANCING OF REAL ESTATE IN NIGERIA (A CASE STUDY OF EBEANO HOUSING ESTATE ENUGU)
ABSTRACT For sometimes now, it has been observed that some people dwell in tents while others live in thatched mud houses, some yet live in dilapidated concrete buildings while other chose to live in tenements, bungalows, flats and messiness of varied structural strength and aesthetics. Also, the size of these structures and their construction... Continue Reading
FINANCING OF REAL ESTATE IN NIGERIA (A CASE STUDY OF EBEANO HOUSING ESTATE ENUGU) ABSTRACT For sometimes now, it has been observed that some people dwell in tents while others live in thatched mud houses, some yet live in dilapidated concrete buildings while other chose to live in tenements, bungalows, flats and messiness of varied structural... Continue Reading
ABSTRACT For sometimes now, it has been observed that some people dwell in tents while others live in thatched mud houses, some yet live in dilapidated concrete buildings while other chose to live in tenements, bungalows, flats and messiness of varied structural strength and aesthetics. Also, the size of these structures and their construction... Continue Reading
ABSTRACT This dissertation deals chiefly with an analysis of the effect of the provision of housing estate on residential housing delivery with a case study of world bank housing estate Owerri. The key impetus for this research on the analysis of the effect of the provision of housing estates on other residential house in this particular area of... Continue Reading
ANALYSIS OF THE EFFECT OF THE PROVISION OF HOUSING ESTATE ON RESIDENTIAL HOUSING DELIVERY (A CASE STUDY OF WORLD BANK HOUSING ESTATE OWERRI) ABSTRACT This dissertation deals chiefly with an analysis of the effect of the provision of housing estate on residential housing delivery with a case study of world bank housing estate Owerri. The key... Continue Reading
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(A CASE STUDY OF EBEANO HOUSING ESTATE ENUGU) ABSTRACT For sometimes now, it has been observed that some people dwell in tents while others live in thatched mud houses, some yet live in dilapidated concrete buildings while other chose to live in tenements, bungalows, flats and messiness of... Continue Reading
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The term real estate is commonly used interchangeably with real property to refer to land and all things permanently attached to it. Property in itself consists of valuable rights held to the exclusion of others (Betty and Ely,2008). The definition of real estate typically includes land,... Continue Reading
CHAPTER ONE 1.0 INTRODUCTION Proper financing is all-important to successful property investment and development. Various forms of finance on varying terms from diverse investing agencies are available to the property market. The principal field where various forms of... Continue Reading
ABSTRACT Residential estate investments give you capital gain and will make you very rich over a period of time. You will be able to convert capital gain into cash flow by using various strategies. But this takes time and most investors do not have the patience to wait that long. This project work is aimed at highlighting usefulness of Management... Continue Reading