Price Effects of Landfills on Residential Housing in Lagos, Nigeria

Akinjare, O. A. and Oloyede, S. A. and Ayedun, C. A. and Oloke, C. Olayinka (2011) Price Effects of Landfills on Residential Housing in Lagos, Nigeria. International Journal of Marketing Studies, 3 (2). pp. 64-72. ISSN 1918-7203

PDF Download (354kB)

Abstract

The question as to whether solid waste landfills affect residential property values has long been a subject of controversy and debate. Previous studies have resulted in mixed conclusions. This study examines four landfill sites in Lagos which differ in size, operating status and history. The relationship between each landfill and property values were measured based on distances of 1.2km radii away from the landfill locations and the measurements were based on the interval of 300meters up to 1 200 meters in concentric rings. The result of the study indicated that across the four landfill sites, increase 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

Item Type:	Article
Subjects:	T Technology > T Technology (General)
Divisions:	Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User:	Mr Solomon Bayoko
Date Deposited:	26 Feb 2014 12:56
Last Modified:	26 Feb 2014 12:56
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/2162

Actions (login required)

View Item