Metropolitan Infrastructure and Property Values: An African Experience

Abstract

This paper evaluated impact of infrastructure in residential property on its property values in Ibadan, Nigeria. A total number of 450 questionnaires were administered out of which 423 questionnaires were retrieved. Both descriptive and inferential statistics were used to analyze the data collected for the study). The study revealed that burglary proof was seen as the strongest index of satisfaction in the study area, this was followed by security guard. Kitchen and fenced round ranked third and fourth respectively, while bathroom/toilet and access road ranked fifth and sixth respectively. Water supply ranked seventh, while drainage channel ranked lowest in the study area. The paper concluded that property developers that want to invest in residential buildings development should endeavor to provide infrastructure that will attractive rental values on their residential property in Ibadan in particular and towns and cities in developing nations.

Keywords

• Development;
• Infrastructure;
• Property Value;
• Residential Zones;
• Urban