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Predicting Residential Property Values Around Landfill Neighbourhoods in Lagos, Nigeria

Akinjare, O. A. and Oloyede, S. A. and Ayedun, C. A. and Ajibola, M. A. (2011) Predicting Residential Property Values Around Landfill Neighbourhoods in Lagos, Nigeria. Mediterranean Journal of Social Sciences, 2 (2). pp. 210-222. ISSN 2039-2117

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Some studies have proven landfills to negatively impact value of residential properties within kilometers of proximity while few others have generated mixed conclusions. This study establishes a predictive model for residential property values within 1 200m proximity to the four landfills in Lagos State by examining their varying sizes, operating status and history inclusive of diminution tendencies. The relationship between each landfill and property values were measured based on interval of 300meters up to 1 200 meters in concentric rings. The resultant model validates the findings of the study that across the four landfill sites, increases in property values were evident as distance away from the landfills increased indicating that residential houses in close proximity to the landfills suffered value loss. Property appreciation relative to distance averaged 5.75% within the concentric rings for all four landfills. The study suggested the closure of all landfils within residential areas and a relocation of such to uninhabited areas in the city’s outskirt in order to promote sustained value appreciation

Item Type: Article
Uncontrolled Keywords: Landfill, Distance, Value, Residential Property Value & Model.
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 19 Mar 2018 14:40
Last Modified: 19 Mar 2018 14:40

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