CHANGING DYNAMICS OF PROPERTY VALUE IN IBEJU-LEKKI AXIS OF LAGOS STATE BETWEEN 2003 AND 2015
Main Article Content
This study examined the changing dynamics and the trend of rental value of housing build-up in the Ibeju-Lekki axis of Lagos State from 2003–2015. The study relies on secondary data obtained from records at Ibeju-Lekki Government administrative office further. From the records, it was revealed that there were fifty-five (55), fifty-nine (59), and thirty-nine (39) housing built-up areas respectively on the high, medium, and low densities. There were 3,411, 1745, and 549 housing built-up buildings in the identified housing built-up areas. Secondary data were analyzed using trend analysis. Results showed that there is slight difference in the rate and dynamics of increase of the housing built-up properties value during pre-privatization and post-privatization era in the study area.
This work is licensed under a Creative Commons Attribution 4.0 International License.
Adebayo, M. A. (2006). The State of Urban Infrastructure, its Effects on Rental Values in Lagos Nigeria. Journal of Land Use and Development Studies, 1(2), 245 - 260.
Ajibola, M. O., Izunwanne, E. M., & Ogungbemi, A. O. (2012). Assessing the effects of flooding on residential property values In Lekki Phase I, Lagos, Nigeria. International Journal of Asian Social Science, 2(3), 271-282.
Emo, F. I., Oni, A. O., & Egolum, C. C. (2013). Prioritizing residential land value determinants in Onitsha, Nigeria. International journal of academic research in business and social sciences, 3(3), 201-213.
Islam, K. M. A. (2017). An Empirical Research on Beximco Knitting Ltd: Ratio, DuPont, Valuation and Pro-Forma Analysis. Indian Journal of Finance and Banking, 1(1), 1-7. https://doi.org/10.46281/ijfb.v1i1.80
Kauko, T. (2003). Rental value of housing build-up and Locational Externalities - on the Complementarity and Substitutability of Approaches. Journal of Property Investment and Finance, 21(3), 250-270
Nabi, A. S. M., Kamruzzaman, M., Khalil, W., & Khandokar, F. (2004). Apartment Housing in High Class housing built-up Areas of Dhaka City Jahangi agar. Planning Review, Jahangir agar University, 2(9), 33- 42
Ochodo, C., Ndetei, D. M., Moturi ,W. N. , & Otieno, J. O. (2014). External Built housing built-up Environment Characteristics that Affect Mental Health of Adults. Journal of Urban Health, 91(5), 908–927.
Tse, R.Y.C., & Love, P.E.D. (2000). Measuring housing built-up Rental Values in Hong Kong. Property Management, 18(5), 366-374.
Wokekoro, E., & Urusheyi, L. (2014). The Impact of Open Waste Dumps on Rental Values of housing built-up Properties in Port Harcourt, Nigeria. International Journal of Science and Research, 3(3), 226- 223
Yalpir, S. (2004). Forecasting housing built-up Real estate Values AHP method and Integrated GI.In Conference Proceedings of People, Building and Environment 2014.an international Scientific Conference, Kromriz, Chez Republic, 604-706.