ASSESSMENT OF ADEQUACY OF URBAN INFRASTRUCTURE AND ITS IMPACTS ON RESIDENTIAL PROPERTY VALUES IN ILORIN WEST, KWARA STATE, NIGERIA.
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Date
2015-06
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Environmental Technology & Science Journal [ETSJ]
Abstract
The vital determinant of the status of any urban area is the condition of its infrastructure, a major indicator of neighbourhood quality and a critical driving force for socio-economic improvement. This paper is therefore set out to assess the status of urban infrastructure and its influence on property values in Ilorin with specific attention on llorin West Local Government Area of Kwara State. The study employed the use of structured questionnaires administered on sample size of 148 residents in the selected neighbourhoods which is approximately J 7% of the total sampling frame of 400. The data collected were analysed with simple descriptive statistics. The study revealed that the provision of infrastructure enhanced property values within the study areas. Some parts of Ilorin with poor or inadequate infrastructural facilities command relatively lower rental values than some parts with availability of infrastructure. It is recommended that government by way of Public Private Partnership concept should earnestly embark on adequate provision, rehabilitation and r' appropriate maintenance of the infrastructure facilities to improve social life and property values within the study areas. This would lead to availability of more suitable accommodation for the citizenry and enhance value to both government and private sector.
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Keywords
Infrastructure, Rental Value, Tenants, Property