Price Effects of Landfills on Residential Housing in Lagos, Nigeria

O.A. Akinjare, S.A. Oloyede, C.A. Ayedun, O.C Oloke

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.

Full Text: PDF DOI: 10.5539/ijms.v3n2p64

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International Journal of Marketing Studies  ISSN 1918-719X(Print) ISSN 1918-7203(Online)

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