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The Imperative of the Provision of Infrastructure and Improved Property Values in Nigeria
[journal article]
Abstract Property development in most cases will not be attempted beyond the level of owner occupation at regions where infrastructure are not provided; talk less of property so developed having enhanced value. This research examines the imperative of infrastructural provision on property values. The researc... view more
Property development in most cases will not be attempted beyond the level of owner occupation at regions where infrastructure are not provided; talk less of property so developed having enhanced value. This research examines the imperative of infrastructural provision on property values. The research beamed its light on the relationship between property values and the development of infrastructure; the factors that influence property values; and assessing the trend of infrastructural development in Akwa Ibom State in recent past. It recommends that government should provide more infrastructure in rural areas to harness development and ginger property values; urban neighbourhoods to be landscape, with site and service schemes provided; allocate budgetary provisions adequately for the maintenance of the infrastructure; and private individual beneficiaries in the various communities where these facilities are provided to maintain sufficient security to avoid theft and vandalisation, so as to continue to improve values of properties in such domains.... view less
Classification
Area Development Planning, Regional Research
Sociology of Settlements and Housing, Urban Sociology
Free Keywords
Budgetary Provision; Development; Infrastructure Provision; Neighbourhood; Property Value
Document language
English
Publication Year
2014
Page/Pages
p. 71-86
Journal
International Letters of Social and Humanistic Sciences (2014) 15
ISSN
2300-2697
Status
Published Version; peer reviewed