The Impact of Urban Congestion on Real Estate Market Dynamics in Gombe State
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Background of the Study
Urbanization in Nigeria has led to increased pressure on cities and urban areas, with many regions experiencing rapid population growth and expansion. In cities like Gombe, this urban growth has resulted in rising urban congestion, where the demand for housing and commercial spaces far exceeds the available supply (Bello & Sulaimon, 2023). Urban congestion refers to the overcrowding of cities and towns due to high population density, poor infrastructure, and insufficient housing, which exacerbates housing deficits and affects the dynamics of the real estate market (Salihu & Abdulraheem, 2024).
Gombe State, the capital of Gombe State, has witnessed considerable urbanization in recent years, with its population growing steadily due to migration and natural increase (Yakubu et al., 2023). As urbanization intensifies, the city has struggled to meet the housing demand, leading to increased urban congestion, rising property prices, and reduced quality of living for residents. This congestion is further compounded by limited availability of affordable housing, infrastructure gaps, and ineffective urban planning (Aminu & Mohammed, 2024). The impact of urban congestion on the real estate market in Gombe, particularly in terms of property pricing, availability, and investment decisions, has not been extensively studied, and there is a need for an in-depth analysis of how congestion influences the local real estate dynamics.
Urban congestion can have both positive and negative effects on the real estate market. While it may create opportunities for property development and investments in high-demand areas, it can also drive up property costs, increase the informal housing sector, and lead to unsustainable urban sprawl (Adeleke & Tijani, 2023). This study aims to assess the impact of urban congestion on the real estate market dynamics in Gombe State, with a focus on property pricing, availability, and investment trends.
Statement of the Problem
The rapid urbanization in Gombe State has led to significant urban congestion, which is putting pressure on the local real estate market. The city is experiencing a housing shortage, skyrocketing property prices, and inadequate infrastructure, all of which have contributed to poor living conditions. However, the full impact of urban congestion on the real estate market in Gombe State, especially in terms of investment dynamics and property market trends, remains under-explored. This study seeks to investigate how urban congestion influences real estate market trends in Gombe, including pricing, property availability, and investment patterns.
Objectives of the Study
- To evaluate the impact of urban congestion on real estate market trends in Gombe State.
- To assess how urban congestion affects property prices and investment dynamics in Gombe State.
- To identify the challenges and opportunities that urban congestion creates for real estate developers and investors in Gombe State.
Research Questions
- How does urban congestion affect real estate market trends in Gombe State?
- What impact does urban congestion have on property prices and investment decisions in Gombe State?
- What challenges and opportunities does urban congestion present for real estate developers and investors in Gombe State?
Research Hypotheses
- Urban congestion significantly affects real estate market trends, including property pricing and availability in Gombe State.
- Urban congestion in Gombe State has a negative impact on property prices and real estate investment.
- Urban congestion presents both challenges and opportunities for real estate developers and investors in Gombe State.
Scope and Limitations of the Study
The study will focus on the real estate market in Gombe State, specifically in Gombe city, and will assess the effects of urban congestion on property prices, availability, and investment dynamics. Limitations may include challenges in obtaining reliable data on property transactions and the difficulty in measuring the precise impact of urban congestion on real estate prices and investments due to other influencing factors such as economic conditions and policy changes.
Definitions of Terms
- Urban Congestion: The overcrowding of urban areas due to high population density, limited infrastructure, and inadequate housing supply.
- Real Estate Market Dynamics: The factors and trends that affect the buying, selling, and renting of properties, including demand, supply, property prices, and investment activities.
- Property Investment: The purchase of real estate for the purpose of generating a return, either through rental income or capital appreciation.
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