IMPACT OF INFLATION ON RENTAL VALUE OF RESIDENTIAL PROPERTIES IN BENIN CITY

This research investigates the Impact of inflation on rental value of residential properties, and the measures undertaken by estate surveyors and valuers in ensuring that residential real estate are adequately able to provide a hedging characteristic against inflation. The study examines the relationship between inflation and rental value of residential properties in Benin, and it also examines various other factors that influences rental value of residential real estate such as location, building material cost etc, and other inflation related factors which affect rental rate. The research adopts the survey research design method, thereby employing the use of questionnaire as means of primary data collection, it also adopts the secondary data collection model from the NBS(Nigeria Beareau of statistics). All data collected in this research were analyzed through the use of the multiple regression analysis and the pearson correlation model. The findings from this research study reveals that rental value over the years has been significantly increased to keep pace with inflation, thereby providing a hedge and also accounting for landlords income. The study also reveals that there is a significant relationship between various property type, inflation and non- inflation related factor in the determination of residential rental value as change in one variable factor is likely to cause a significant change in other factors.