Estate Security and Property Value Awareness of Residents of Akwa Ibom State Polytechnic Host Community, Ikot Osurua, Ikot Ekpene in Nigeria
Keywords:
property owners, tenants, property value, estate, SecurityAbstract
This study is conducted to examine Estate Security and Property Value Awareness of Residents
of Akwa Ibom State Polytechnic Host Community, Ikot Osurua, Ikot Ekpene in Nigeria. A sample
of 400 respondents was drawn from the population parameters. Data were collected through
the use of structured questionnaire, personal interviews and observations. Three hundred and
sixty (360) completed questionnaire representing 90% of the 400 copies distributed were retrieved
from the respondents. Frequency count and simple percentage were used to analyze the data.
The study revealed that security is a major concern in the minds of accommodation seekers, as
they take into consideration the security of the estate before making plans to live in such
accommodation. Also, the research shows that occupants and tenants living in these residential
estates do not mind paying a high amount of monies for an accommodation that is secured. The
respondents also reveal that the level of security or lack of security of an estate affects the
property value. Therefore, it is recommended that security awareness should be carried out at
public fora in order to boost security consciousness of the occupiers and tenants in these estates
and estate investors should prioritize security in their estate so as to secure optimum returns.
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