AN ECONOMIC ANALYSIS OF THE DETERMINANTS OF HOUSE RENT IN ADAMAWA STATE UNIVERSITY

Enam P Abalis, Joy Dogonyaro Zoakah

Abstract


This study is on Economic Analysis of the Determinants of House Rent in
Adamawa State University Area. It is a common fact that rental houses in the university area is as a result of activities within the school. The study examines the factors that make some people prefer to rent a house in the university area and to identify the factors that lead to variation in house rents between houses around the university area and houses close to the university area. The study employed primary method of data collection where, information was collected through the questionnaire administered to the respondents. Descriptive statistics in form of tables, frequencies and simple percentage were used for the analysis. The data collected were further subjected to OLS regression in order to estimate the relationship between the variables. The result from the study revealed that houses
are built for rent around the university area because it attracts higher prices, students rent house in the university area because of security and its proximity to school, as well as availability of infrastructures such as water supply, power supply, etc.Based on these findings, the following policy options were given: government should regulate the rent paid by the tenants in order to avoid exploitation since most of the tenants are students and staff, government should also provide enough land around the university area in a subsidized price in order to make landlords not to charge higher prices, security of lives and properties should be guaranteed, etc

Keywords


House, Rent, University Area, Shelter, Determinants..

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International Journal of Management Science Research ISSN ISSN 2536 – 605X(Print)

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