Impact of neighbourhood Quality on Residential Land values in minna, Niger state.

Abstract

An Ideal neighbourhood is often characterized by availability of electricity, road network, drainage/sewage, health care facilities, educational facilities, telecommunication, pipe borne water, shopping centre, recreational centres, and most importantly security. In a neighbourhood where all the features abound, high land value will be attracted. This implies that, the quality of neighbourhood plays a significant role in land value determination in any community. In the light of this, the qualities of three selected neighbourhoods in Minna were assessed. Neighbourhood survey forms were administered in each of the selected neighbourhoods using the quality index of Housing Consumption, Connection Characteristics, Site Characteristics and Location Characteristics. The trends in residential land value in the selected neighbourhoods were also appraised. Analysis of variance was carried out to examine the difference in the price of land across the three selected between 2010 and 2014. The study also reveals that Kpakungu neighbourhoods have the poorest rating amongst the other two neighbourhoods (Tunga and F-Layout). The study also recommends that infrastructures should be systematically increased with the present rate of urbanization in the neighbourhoods and that urban renewal scheme should be embarked upon to improve the neighbourhood quality of Kpakungu.