Examination of Factors Determining Choice of Housing Tenure in Old Bodija, Ibadan, Oyo State, Nigeria

Housing tenure is the financial arrangement under which the household occupies all or part of a housing unit. Housing affordability from time immemorial has been a major concern in developed and developing world which is hinged on man's welfare and productivity. This study investigates the factors that determine the choice of housing tenure in Old Bodija Ibadan, Oyo state, Nigeria. Questionnaire was developed based on variables such as types of residential properties, housing tenure and factors determining types of housing tenure. Questionnaire was administered to 178 respondents within 11streets consisting of residential properties in the studied area. 150 questionnaire were retrieved representing 84%. Descriptive and Analysis of Variance (ANOVA) techniques were applied to define the preference factors that determine the choice of housing tenure in the studied area. The result through ANOVA technique revealed that the educational background of the occupiers, capacity of rent demanded, security of the environment and the nature of the location are the preference factors that determine the choice of housing tenure in the studied area. Personal observation and interview made with the respondents confirmed that the land price, housing satisfaction and housing preference are the most significant factors. The study recommends that housing need should be met and enhanced by promoting security, government should focus on regularization schemes, provide incentives to families to invest in their homes and communities and also provide locations with infrastructures vis a vis health care services and schools in the study area.