The Effect of Waste Disposal Site on Residential Real Estate Value in Minna, Nigeria.

Abstract

The aim of this study is to determine the effects of waste disposal sites on residential real estate values in Minna, Nigeria with the view of investigating the correlation between rental values of residential properties and their distances away from waste disposal sites within Minna, Nigeria. The research identified the types of residential properties within the study area and their distances away from refuse disposal site. Also, the study examined the level of impact waste disposal site has on property values. Result of this study will be useful to individuals, real estate investors and government in terms of policy making and implementation. Data for the study were collected through observations, field surveys, interviews and the administration of well-structured questionnaire to 52 respondents. Frequency tables and multiple regression analysis were used to analyze the data collected. The result of the study suggests that proximity to waste disposal site has no statistically significant effect on residential real estate value. This is as evident by the result of the regression analysis as the p-value for proximity to waste disposal site which is at 0.98, surpassing the 0.05 margin. The study recommends that property investors can go ahead to invest in residential properties in the study area as the presence of the waste disposal site does not affect property values.