EFFECT OF GREEN SPACES ON RENTAL DECISION IN IKEJA METROPOLIS, LAGOS STATE
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Faculty of Environmental Design, OAU, Ile- Ife, Nigeria.
Green space is an important environmental amenity in urban areas. Its presence can make the environmental a more pleasant place to live, work, spend leisure time, and thus make substantial improvements in individual well-being. This survey-based study investigates the relative contribution of green space to rental decision of residential property in Lagos. The survey was conducted among resident estate surveyors and valuers in Ileja, Lagos metropolis, using a random sampling technique with a well-structured questionnaire to gather data from 143 respondents conversant with the terrain. The data was subjected to Cronbach’s alpha reliability test to measure internal consistency, the result revealed a high level of internal consistency among the respondents at 0.80 (80% reliability). The data was further analyzed using mean analysis, relative importance index (RII) and chi-square test. The outcome of the survey revealed that provision of green a pace contributes significantly to rental decision. It is therefore recommended that a policy to enforce the inclusion of green space by housing developers and individual landowners should be put in place, while sensitizing the residents on the importance of green space in life sustainability.
Green space, rental value, environmental sustainability, attributes