An examination of the impact of housing development on rental prices in Enugu South Local Government Area, Enugu State
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- NGN 5000
Background of the Study
Rapid housing development in Enugu South Local Government Area, Enugu State, has markedly influenced the dynamics of the local rental market. In recent years, a surge in residential construction, driven by urbanization and increasing population density, has led to significant fluctuations in rental prices (Okoro, 2023). New housing projects, ranging from affordable apartments to upscale estates, have attracted diverse tenant demographics, thereby reshaping market demand and supply (Ezenwa, 2024). While some developments contribute to improved living standards and infrastructural growth, they also create disparities in rental affordability and market accessibility. This phenomenon has raised concerns among both developers and residents regarding equitable housing policies. Previous studies highlight the complex interplay between housing supply, market speculation, and rental cost dynamics (Ndukwe, 2025). This study aims to examine how recent housing developments have affected rental prices and tenant behavior in Enugu South, providing empirical evidence to support balanced urban planning and sustainable housing policy.
Statement of the Problem
Despite extensive housing development in Enugu South, rental prices have become increasingly volatile, leaving many residents facing affordability challenges. Rapid construction and speculative investments have led to mismatches in market supply and tenant demand (Ibe, 2024). This situation results in inequitable access to quality housing, adversely affecting low-income residents. The lack of robust regulatory measures exacerbates the issue, making it difficult to stabilize rental markets. This study seeks to analyze the causal relationship between new housing developments and rental price fluctuations, with the aim of informing policy reforms that promote equitable housing access.
Objectives of the Study:
• To determine the relationship between new housing developments and rental price fluctuations.
• To analyze tenant behavior and market demand in response to housing growth.
• To propose policy recommendations for stabilizing rental markets.
Research Questions:
• How have housing developments influenced rental price trends in Enugu South?
• What factors drive tenant behavior in the evolving rental market?
• Which policy measures can mitigate rental price volatility?
Research Hypotheses:
• H1: Increased housing development significantly influences rental price hikes.
• H2: Tenant behavior is directly affected by the diversity of new housing projects.
• H3: Policy interventions can moderate rental price fluctuations effectively.
Significance of the Study
This study provides critical insights into the effects of housing development on rental prices, contributing to a more balanced urban planning approach. Its findings will guide policymakers and stakeholders in implementing effective measures to control rental market volatility and improve housing affordability (Umeh, 2023; Okafor, 2025). The research supports sustainable urban development and equitable housing policies, ultimately benefiting residents and investors alike.
Scope and Limitations of the Study:
This study is limited to investigating the impact of housing development on rental prices in Enugu South Local Government Area, Enugu State. It focuses on new residential construction, tenant behavior, and price trends, excluding commercial developments. Data are sourced exclusively from the local housing market context.
Definitions of Terms:
• Housing Development: The construction of new residential buildings and infrastructures.
• Rental Prices: The monetary charge for leasing residential property.
• Urban Planning: The process of designing and regulating the use of urban spaces.
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