ASSESSMENT OF PROBLEMS AND PROSPECTS OF RESIDENTIAL HOUSING DEVELOPMENT IN AWKA, ANAMBRA STATE OF NIGERIA

Chinenye B. Ndeche, Christian Ezeudu, Johnbosco I. Okafor

Abstract


Housing is one of the most basic and oldest developments of mankind which affects every facet of man. Housing no doubt has impact on the health, welfare and productivity of the individuals. In spite of its importance, there is however a shortage of needed dwelling accommodation which is as a result of some problems such as the huge cost of construction and building materials, limited access to credit facilities, bottlenecks in land acquisition etc, encountered in the development of private housing. This study examines the various problems and prospects of residential housing development in Awka, Anambra state, with a view of initiating strategies that should be adopted in developing more residential housing. The analysis revealed that high cost of construction, limited access to finance, lack of secure access to land, high cost of land registration and titling, lack of critical infrastructure amongst others are the problems facing residential housing development. There are however prospects derivable from the development of residential housing in Awka which include: adequate residential housing for accommodation, ease of land acquisition, improved living standard and profit maximization for developers. To achieve this, questionnaires were used and reports were collected. Data collected were analized using tabular and statistical methods. The study concluded that although there are several problems in residential housing development, strategies which involves the federal, state government and the private sector should be vigorously pursued in order to comprehensively address these problems thus increasing the residential housing stock in the state and the country at large.


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