ABSTRACT

The aim of this research work was to examine the effect of Godswill Akpabio International stadium on residential properties in Obio Etoi.  The research examined various conditions which can affect a particular area. To achieve this aim, eleven research questions were raised. The survey research design was adopted for the study. The research design used was the before and after which enable me to observe the changes in the values of residential properties by looking at the before and after the establishment of the stadium in the area. The population of study is made up of property owners and tenants in the study area. The researcher used questionnaires, interview and self- observation as method of data collection.  A sample size of 123 was derived using simple random sampling technique. The hypothesis developed was tested using Chi-Square. It was observed that the types of residential properties built before the establishment of the stadium were tenement properties, bungalow and blocks of flat. But after the establishment of the stadium, it was observed that more of blocks of flat, bungalow, self contains and duplexes which led to changes and increase in rent passing and populations of the area. The data collected was analyzed based on the interpretation and conclusion made. This research has investigated into a comparative analysis of the effect of the stadium in the area.

TABLE OF CONTENTS

TitlePage……………………………………………………………………………            i

Certification…………………………………………………………………………            ii

Dedication……………………………………………………………………………          iii

Acknowledgement…………………………………………………………………..            iv

Abstract………………………………………………………………………………          vi

Table of Contents……………………………………………………………………           vii

List of Tables………………………………………………………………………..            x

List of Figures……………………………………………………………………….            xi

CHAPTER ONE

INTRODUCTION

1.1       Background of the study……………………….............................................           1

1.2       Statement of problem…………………………………………………………         3

1.3       Research aim and objectives………………………………………………….          3

1.4       Research questions……………………………………………………………          4

1.5       Research hypothesis…………………………………………………………..          4

1.6       Scope of the study…………………………………………………………….         4

1.7       The significance of study……………………………………………………..          5

1.8       The study area …………………………………………………………………        5

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.0       Introduction……………………………………………………………………..      8

2.1       Concept of Infrastructure……………………………………………………….      8

2.1.1    Types of Infrastructure………………………………………………………….      10

2.1.2    Characteristics of Infrastructure…………………………………………………     11

2.2       Residential Properties ……………………………………………………………    12

2.2.1    Types of residential properties……………………………………………………    12

2.3       Definition of rent and types of rent……………………………………………….   14

2.3.1    Rent Determinant………………………………………………………………….  17

2.4       Concept of Value…………………………………………………………………..  20

2.5       Factors affecting property value…………………………………………………..   25

2.6       What is a Stadium………………………………………………………………….  26

2.6.1    Development of Stadium…………………………………………………………..  26

2.7       Effect of stadium on property values……………………………………………… 27

2.8       Summary of the literature review…………………………………………………..29

CHAPTER THREE

RESEARCH METHODOLOGY

3.0Introduction………………………………………………………………………    31

3.1       Research design…………………………………………………………………..    31

3.2       Method of data collection…………………………………………………………  31

3.3       Sources of data collection…………………………………………………………   32

3.4       Population of the study……………………………………………………………  32

3.5       Sample size……………………………………………………………………….    32

3.6       Sampling technique………………………………………………………………     33

3.7       Method of data analysis………………………………………………………….    33

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA

4.1       Introduction/Presentation of Data…………………………………………….         34

4.2       Presentation and Analysis of Data on Research Questions in Section B…….          34

4.3       Test of Hypothesis………………………………………………………………      42

CHAPTER FIVE

FINDINGS, CONCLUSION, AND RECOMMENDATION

5.1       Findings………………………………………………………………………….     44

5.2       Conclusion……………………………………………………………………...       45

5.3       Recommendations……………………………………………………………..        46

            REFERENCES.....................................................................................................   47

APPENDIX I…………………………………………………………………..      50

APPENDIX II………………………………………………………………….      51

LIST OF TABLES

Table 4.1:        Response on the ownership right …………………………………….          34

Table 4.2:        Response on the type of residential properties available before

the construction of the stadium……………………………………….         35

Table 4.3:        Response on the type of residential properties available after the

construction of the stadium……………………………………………        36

Table 4.4:        Response on the state of infrastructures before the construction

of the stadium………………………………………………………….        36

Table 4.5:         Response on the state of infrastructures before the construction

of the stadium…………………………………………………………..       37

Table 4.6:         Response to whether the neighborhood quality/aesthetics of the

area has improved because of the presence of the stadium………….           38

Table 4.7:        Response on what was the rental trend before the establishment

of the stadium………………………………………………………….        38

Table 4.8:        Response on what was the rental trend after the establishment

of the stadium………………………………………………………….        39

Table 4.9:        Response on rent passing on various residential properties

before the establishment of the stadium………………………………         39

Table 4.10:      Information on the rent passing on the residential property

type after the establishment of the stadium…………………………..          40

Table 4.11:      Response on what effects has the construction of the stadium

on property value in the area………………………………………….          41

Table 4.12       Response on does the location of the stadium has effect on the

residential property values………………………………………….…         41

Table 4.13       Test of Hypothesis……………………………………………………….     42

LIST OF FIGURES

Fig. 1: Map of Uyo Urban showing the Stadium…………………………………...                  7