Urban Neighbourhood Quality and Residential Property Values in Ilorin

Abstract

The study aims at examining the impact of urban neighbourhood quality on rental values of residential buildings types in seven geographical neighbourhoods in llorin; the Kwara state capital. This is done by studying the quality of the environment and housing condition together with the facilities therein. A significant aspect of the study involve brief review of literature in line with conceptual framework, analysis of the collected data was done using descriptive and correlation statistical approach. The study builds a regression model to establish the contributions of the environmental factors in explaining the variation in rental values. The adequacy of the model was then tested by analysis of variance (F) which helped to determine the significant of the correlation between the determinant and the independent variable. Results of the analysis showed that, there is strong significant relationship between rental value of residential properties and environmental quality in the selected neighbourhoods. The study proffers recommendations that bother on adequate improvement and giving priority attention government and private individual so as to avoid slum development.