Neigbourhood Effects of Sustainable Industrial Land Use on Property Values: Case Study of Agbara, Ogun State, Nigeria

MICHAEL ADEDAYO ADEBAYO, AYOTUNDE OLAWANDE ONI

Abstract


The study aims at examining the effect of sustainable industrial land use on residential property values using Agbara industrial village, Nigeria as a case study. Two sets of structured questionnaires were administered differently to 500 inhabitants of Agbara Village and Housing Estate, and the 16 identified large manufacturing industries operating in the area. However, 452 copies of the returned questionnaire were used for this study. The actual sampled inhabitants were obtained through simple random sampling technique. Data collected were presented in tables of frequencies and percentage while trend analysis of rental values in Agbara was computed for the period 1997 to 2008. The study revealed positive change in property rental values due to the industrial concerns in the community. Both government and private businessmen are therefore, advised to site their manufacturing industries in the rural areas to improve such places. It is also recommended that developers should seize the opportunity of high demand for housing in industrial zones and invest in residential developments.


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Journal of Sustainable Development   ISSN 1913-9063 (Print)   ISSN 1913-9071 (Online)

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