THE ANALYSIS OF APPLICATION OF TIME SERIES TO COMMERIAL PROPERTY INVESTMENT IN LAFIA METROPOLIS

Abstract

The importance of predicting real property investment returns cannot be over emphasized. However, due to
the dearth of relevant information and knowledge with regard to real property investment in Nigeria despite
the huge investments there-in, predicting property investment returns has not been feasible in Lafia in
particular and Nigeria in general. The study adopted the survey research design and questionnaire was the
main source of data collection. The study revealed that Estate Surveyors and Valuers can adopt the time
series model in predicting future rental returns on real property investments thereby improving their service
delivery to their clients. The aim of the study is to study the accommodation in Lafia metropolis, and employ
them in making future projections on commercial properties in the study area. The need to choose the period
was based on the need and quest for commercial properties after the global economic recession.