Halim Yusuf Agava

@unilorin.edu.ng

Lecturer, Faculty of Environmental Sciences
Lecturer, Faculty of Environmental Sciences
University of Ilorin

Halim Yusuf Agava


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https://researchid.co/agava.yh
I am Dr. Halim Yusuf Agava, a lecturer in the department of Estate Management at the University of Ilorin. I specialise in real estate valuation and investment analysis. A Ph.D. graduate in Estate Management and Valuation. My research focuses on real estate investment appraisal/analysis and leveraging emerging technologies to drive innovation within the real estate sector. Beyond my research, I am passionate about mentoring and advising students to foster their academic and professional development.

EDUCATION

I hold BSc degree in Estate Management (University of Lagos, Nigeria), Masters of Technology in Estate Management and Valuation and PhD in Estate Management and Valuation (Federal University of Technology, Minna, Nigeria).

RESEARCH, TEACHING, or OTHER INTERESTS

General Environmental Science, Economics and Econometrics, Building and Construction, Finance
1

Scopus Publications

60

Scholar Citations

3

Scholar h-index

2

Scholar i10-index

Scopus Publications

  • Modelling the effect of macroeconomic factors on residential real estate investment returns in Abuja and Lagos, Nigeria
    Halim Yusuf Agava, Faoziah Afolashade Gamu
    Journal of Property Investment and Finance, 2024
    PurposeThis study evaluated the effect of macroeconomic factors on residential real estate (RE) investment returns in the cities of Abuja and Lagos, Nigeria, with a view to guiding RE investors and researchers.Design/methodology/approachA survey research design was employed using a questionnaire to collect RE transaction data from 2008 to 2022 from estate surveying and valuation firms in the study areas. Rental and capital value data collected were used to construct rental and capital value indices and total returns on investment. The macroeconomic data used were retrieved from the archives of the Central Bank of Nigeria (CBN). Granger causality (GC) and multiple regression models were adopted to evaluate the effect of selected macroeconomic variables on residential RE investment returns in the study areas.FindingsThe study found a progressive upward movement in rental and capital values of residential RE investment in the study areas within the study period. Total and risk-adjusted returns on investment were equally positive within the study period. Only the inflation rate, unemployment rate and real gross domestic product (GDP) per capita were found to be the major determinants of residential RE investment returns in the study areas within the study period.Research limitations/implicationsThe secrecy associated with property transaction information/data by RE practitioners in the study areas posed a challenge. Property transaction data were not adequately kept in a way for easier access and retrieval in many of the estate firms and agent offices. Consequently, there was a lack of data that spanned the study period in some of the sampled estate firms or agent offices. This data collection challenge was, however, overcome by the excess time spent retrieving the required data for this study to ensure that the findings appropriately answer the research questions.Practical implicationsInflation and GDP per capita have been found to be significant factors that influence residential RE investment performance in the study areas. Therefore, investors should pay attention to these identified macroeconomic factors for residential RE investment in the study areas whilst making investment decisions in order to mitigate a possible loss of income or return. The government should formulate and implement economic policies that would address the current high unemployment and inflation rates in Nigeria at large.Originality/valueThis study has extended and further enriched the existing body of knowledge in the field of RE investment analysis in Nigeria. To the best of the authors' knowledge, this study is the first to adopt the Cornish Fisher value-at-risk and modified Sharpe ratio models to analyse risk and risk-adjusted returns on residential RE investment, respectively, in Nigeria. It has therefore redirected the focus of RE researchers and practitioners to a more objective approach to RE investment performance analysis in Nigeria.

RECENT SCHOLAR PUBLICATIONS

  • Influence of Land Accessibility on Residential Property Development in Peri-Urban Areas of Ibadan, Oyo State, Nigeria
    O OLUFOKUNBI, HY AGAVA
    Journal of Environmental Spectrum 5 (2), 82-90 , 2025
    2025
  • Modelling the effect of macroeconomic factors on residential real estate investment returns in Abuja and Lagos, Nigeria
    HY Agava, FA Gamu
    Journal of Property Investment & Finance 42 (3), 247-268 , 2024
    2024
    Citations: 2
  • EMPLOYEE EMPOWERMENT IN NIGERIAN ESTATE SURVEYING AND VALUATION FIRMS
    SO Ojekalu, TT Oladokun, AS Adeogun, HY Agava
    AAUA Journal of Environmental Design and Management , 2024
    2024
  • Graduate Competency and Employer Satisfaction: A Concern for Employment Sustainability of Nigerian Real Estate Graduates
    NA Bello, RK Alimi, HY Agava, RO Alao, SA Olabisi, AS Adeogun
    Retrieved from Journals UCT , 2024
    2024
    Citations: 2
  • Assessment of Residential Real Estate Investment Performance in Lafia Metropolis, Nigeria
    HY Agava, NI Popoola, MTA Ajayi
    International Journal of Real Estate Studies 17 (1), 40-58 , 2023
    2023
    Citations: 3
  • Residential Real Estate Investment Performance Evaluation in an Emerging Economy: A Look at North-Central Nigeria’s Real Estate Submarket
    AS Gamu, F. A., Agava, H. Y. & Adeogun
    Tropical Journal of the Built Environment (TJOBE) https://jabu.edu.ng … , 2023
    2023
  • Macroeconomic Dynamics and the Causal Effect on Residential Real Estate Investment Returns in Abuja and Lagos, Nigeria
    FA Gamu, HY Agava
    22nd Annual Conference, 460 , 2023
    2023
  • Infrastructure Condition Model as a Measure of Property Investment Performance in Ilorin; The Contemporary Approach
    AS Adeogun, RB Ibrahim, HY Agava, RK Alimi, NW Gombwer
    Uniosun Journal of Engineering and Environmental Sciences 4 (1) , 2022
    2022
  • Neighbourhood Infrastructure Financing Strategies: Experience from Installation and Maintenance of Electricity Infrastructure in Opako-Adigbe, Abeokuta, Ogun State
    NA Bello, RK Alimi, HY Agava
    African Journal of Housing and Sustainable Development (AJHSD) 3 (1), 19-34 , 2022
    2022
  • Investment property typology analysis; evidence from Nigerian urban property returns and macroeconomic variables
    NA Bello, YH Agava, OO Olanrele
    African Journal of Built Environment Research 5 (1), 77-96 , 2021
    2021
    Citations: 1
  • Advancing Property Investment Returns through Improved Urban Neighbourhood Infrastructure Conditions in Jos City
    AS Adeogun, WO Shittu, HY Agava, SB Oladimeji
    2nd International Conference on Engineering and Environmental Sciences … , 2021
    2021
  • A review of studies on real estate investment performance in Nigeria
    YH Agava, NA Bello, OE Dairo
    International Journal of Real Estate Studies 15 (2), 16-31 , 2021
    2021
    Citations: 15
  • Assessment of the Effect of Sustainable Education Infrastructure Conditions on Student’s Performance in Ilorin, Kwara State, Nigeria
    AS Adeogun, N Salihu, SA Olabisi, YH Agava
    Bayero Journal of Educational Research and Innovation 1 (1), 165-173 , 2020
    2020
  • EXAMINING THE IMPACT OF INFORMAL ACTIVITIES ON URBAN ROAD INFRASTRUCTURE IN MINNA, NIGERIA
    Adeogun, Idowu, Durosinmi, Agava, Iroh
    Journal of Geomatics and Environmental Research (JOGER) 3 (1), 1-14 , 2020
    2020
  • Influence of Training and Career Development on Employee Engagement among nonacademic staff of University
    Yusuf, Aminu, Adeogun, Sunday, Agava
    International Journal of Intellectual Discourse (IJID) 3 (2), 383-395 , 2020
    2020
    Citations: 26
  • Evaluation of the Contribution of Real Estate-based Revenue to IGR of Kwara State
    HY Agava, IA Adedotun, NW Gombwer
    International Conference of Environmental Sciences 1, 453-470 , 2019
    2019
  • An Evaluation of the Appropriateness of Methods of Valuing Residential Properties in Sub-Urban Areas of Ondo State, Nigeria
    Alimi, Ayedun, B Agava
    Covenant Journal of Research in the Built Environment (CJRBE) 7 (1), 29-39 , 2019
    2019
  • Estate Surveyors’ Perspectives on Residential Property Tenancy Determination in Ilorin Metropolis
    TA Ibrahim, O Olatoye, YH Agava, SA Adeogun
    School of Environmental Technology International Conference (SETIC), 925-935 , 2018
    2018
  • Implications of Mass Off-Campus Student Housing at The University of Ilorin, Nigeria
    AMOGNW Agava Y. H, Bello N. A.
    Ife Research Publications in Geography (IRPG) 16 (1), 75-86 , 2018
    2018
    Citations: 9
  • Impact of Neighbourhood Quality on Residential Land Value in Minna, Niger State
    DO Shuaibu, S. I., Ajayi, M. T. A., Medayese, S. O., Agava, Y. H. & Alonge
    Centre for Human Settlements and Urban Development Journal (CHSUDJ) 7 (1 … , 2018
    2018
    Citations: 2

MOST CITED SCHOLAR PUBLICATIONS

  • Influence of Training and Career Development on Employee Engagement among nonacademic staff of University
    Yusuf, Aminu, Adeogun, Sunday, Agava
    International Journal of Intellectual Discourse (IJID) 3 (2), 383-395 , 2020
    2020
    Citations: 26
  • A review of studies on real estate investment performance in Nigeria
    YH Agava, NA Bello, OE Dairo
    International Journal of Real Estate Studies 15 (2), 16-31 , 2021
    2021
    Citations: 15
  • Implications of Mass Off-Campus Student Housing at The University of Ilorin, Nigeria
    AMOGNW Agava Y. H, Bello N. A.
    Ife Research Publications in Geography (IRPG) 16 (1), 75-86 , 2018
    2018
    Citations: 9
  • Assessment of Residential Real Estate Investment Performance in Lafia Metropolis, Nigeria
    HY Agava, NI Popoola, MTA Ajayi
    International Journal of Real Estate Studies 17 (1), 40-58 , 2023
    2023
    Citations: 3
  • Modelling the effect of macroeconomic factors on residential real estate investment returns in Abuja and Lagos, Nigeria
    HY Agava, FA Gamu
    Journal of Property Investment & Finance 42 (3), 247-268 , 2024
    2024
    Citations: 2
  • Graduate Competency and Employer Satisfaction: A Concern for Employment Sustainability of Nigerian Real Estate Graduates
    NA Bello, RK Alimi, HY Agava, RO Alao, SA Olabisi, AS Adeogun
    Retrieved from Journals UCT , 2024
    2024
    Citations: 2
  • Impact of Neighbourhood Quality on Residential Land Value in Minna, Niger State
    DO Shuaibu, S. I., Ajayi, M. T. A., Medayese, S. O., Agava, Y. H. & Alonge
    Centre for Human Settlements and Urban Development Journal (CHSUDJ) 7 (1 … , 2018
    2018
    Citations: 2
  • Investment property typology analysis; evidence from Nigerian urban property returns and macroeconomic variables
    NA Bello, YH Agava, OO Olanrele
    African Journal of Built Environment Research 5 (1), 77-96 , 2021
    2021
    Citations: 1
  • Influence of Land Accessibility on Residential Property Development in Peri-Urban Areas of Ibadan, Oyo State, Nigeria
    O OLUFOKUNBI, HY AGAVA
    Journal of Environmental Spectrum 5 (2), 82-90 , 2025
    2025
  • EMPLOYEE EMPOWERMENT IN NIGERIAN ESTATE SURVEYING AND VALUATION FIRMS
    SO Ojekalu, TT Oladokun, AS Adeogun, HY Agava
    AAUA Journal of Environmental Design and Management , 2024
    2024
  • Residential Real Estate Investment Performance Evaluation in an Emerging Economy: A Look at North-Central Nigeria’s Real Estate Submarket
    AS Gamu, F. A., Agava, H. Y. & Adeogun
    Tropical Journal of the Built Environment (TJOBE) https://jabu.edu.ng … , 2023
    2023
  • Macroeconomic Dynamics and the Causal Effect on Residential Real Estate Investment Returns in Abuja and Lagos, Nigeria
    FA Gamu, HY Agava
    22nd Annual Conference, 460 , 2023
    2023
  • Infrastructure Condition Model as a Measure of Property Investment Performance in Ilorin; The Contemporary Approach
    AS Adeogun, RB Ibrahim, HY Agava, RK Alimi, NW Gombwer
    Uniosun Journal of Engineering and Environmental Sciences 4 (1) , 2022
    2022
  • Neighbourhood Infrastructure Financing Strategies: Experience from Installation and Maintenance of Electricity Infrastructure in Opako-Adigbe, Abeokuta, Ogun State
    NA Bello, RK Alimi, HY Agava
    African Journal of Housing and Sustainable Development (AJHSD) 3 (1), 19-34 , 2022
    2022
  • Advancing Property Investment Returns through Improved Urban Neighbourhood Infrastructure Conditions in Jos City
    AS Adeogun, WO Shittu, HY Agava, SB Oladimeji
    2nd International Conference on Engineering and Environmental Sciences … , 2021
    2021
  • Assessment of the Effect of Sustainable Education Infrastructure Conditions on Student’s Performance in Ilorin, Kwara State, Nigeria
    AS Adeogun, N Salihu, SA Olabisi, YH Agava
    Bayero Journal of Educational Research and Innovation 1 (1), 165-173 , 2020
    2020
  • EXAMINING THE IMPACT OF INFORMAL ACTIVITIES ON URBAN ROAD INFRASTRUCTURE IN MINNA, NIGERIA
    Adeogun, Idowu, Durosinmi, Agava, Iroh
    Journal of Geomatics and Environmental Research (JOGER) 3 (1), 1-14 , 2020
    2020
  • Evaluation of the Contribution of Real Estate-based Revenue to IGR of Kwara State
    HY Agava, IA Adedotun, NW Gombwer
    International Conference of Environmental Sciences 1, 453-470 , 2019
    2019
  • An Evaluation of the Appropriateness of Methods of Valuing Residential Properties in Sub-Urban Areas of Ondo State, Nigeria
    Alimi, Ayedun, B Agava
    Covenant Journal of Research in the Built Environment (CJRBE) 7 (1), 29-39 , 2019
    2019
  • Estate Surveyors’ Perspectives on Residential Property Tenancy Determination in Ilorin Metropolis
    TA Ibrahim, O Olatoye, YH Agava, SA Adeogun
    School of Environmental Technology International Conference (SETIC), 925-935 , 2018
    2018