APPRAISAL OF RESIDENTIAL LAND VALUE DETERMINANTS IN IBADAN SOUTH-EAST LOCAL GOVERNMENT, NIGERIA

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dc.contributor.authorBako, A. Iyanda
dc.contributor.authorIbrahim, R. Babatunde
dc.contributor.authorRaheem, W. Mayowa
dc.contributor.authorOlawoyin, O. Rachael
dc.date.accessioned2019-06-19T12:46:35Z
dc.date.available2019-06-19T12:46:35Z
dc.date.issued2016-03
dc.description.abstractThis study evaluates residential land values in Ibadan South East Local Government. It examines relationship between the determinants of residential land value and the existing value of land in the study area. The study used primary data which were obtained through random sampling techniques of 446 households in the three residential densities of the study area. Descriptive statistics in form of frequencies and percentages were used to assess land value characteristics, while correlation analysis was used to examine residential land value determinants in order to determine their strength of association. Findings from the correlation analysis revealed that the variables that have highest relationship with residential land value are closeness to infrastructure and availability of parking space (r=0.992). This was followed closely by neighbourhood status and size of the plot (r=0.991). Easy accessibility and distance from place of work (r=0.983) are also noted to be of high significance in the determinant of residential land value. They were also found to be significant at 99 percent confidence level. Result also show that nearness to CBD and selling price for one plot of land have correlation coefficient(r) of 0.998. This implies that there is very high positive correlation between nearness to CBD and selling price (value) of one plot of land. It is also observed that there is significant relationship between nearness to CBD and price of one plot of land P<0.05= 0.000. The study recommends among others the need for planners to consider the determinants of land values in planning for optimum use of land.en_US
dc.identifier.citation11. Bako, A.I., Ibrahim, R.B.; Raheem, W.M. and Olawoyin, O.R. (2016). Appraisal of Residential Land Value Determinants in Ibadan South-East Local Government, Nigeria. Ife Planning Journal. 5(1); 72-81, Published by Department of Urban and Regional Planning, Obafemi Awolowo University, Ile-Ife.en_US
dc.identifier.issn978-978-959-802-1
dc.identifier.urihttp://hdl.handle.net/123456789/2219
dc.language.isoenen_US
dc.publisherDepartment of Urban and Regional Planning, Obafemi Awolowo University, Ile-Ifeen_US
dc.relation.ispartofseriesVolume 5;Isseu 1
dc.subjectResidentialen_US
dc.subjectLand Valueen_US
dc.subjectDeterminantsen_US
dc.subjectSelling Priceen_US
dc.titleAPPRAISAL OF RESIDENTIAL LAND VALUE DETERMINANTS IN IBADAN SOUTH-EAST LOCAL GOVERNMENT, NIGERIAen_US
dc.typeArticleen_US

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