IMPACT OF LEASEHOLD ARRANGEMENT ON COMMERCIAL PROPERTY INVESTMENT RETURNS IN CALABAR URBAN
Abstract
This study investigated the impact of leasehold arrangement on commercial property
investment returns in Calabar urban, Nigeria. A survey research design was employed and a
total of 14 questionnaires were distributed to Estate Surveying and Valuation firms in
Calabar, Nigeria. Out of these, 12 questionnaires were successfully filled and retrieved,
representing a response rate of 86 %. Descriptive statistics and two-way Analysis of Variance
(ANOVA) were used to analyse the data. The findings of the study revealed that leasehold
arrangement has a significant influence on commercial property investment return in Calabar.
The regression results show that leasehold arrangement has a positive and statistically
significant impact on commercial property investment return. Based on these findings, the
study recommends that investors should consult with estate surveyors and valuers before
entering into commercial leasehold arrangements, carefully consider economic factors when
reviewing rent on commercial real estate properties, and thoroughly analyse the performance
profile of investments before making decisions.
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