Analysis of Accessibility Impact On Commercial Property Values In Ikeja,Nigeria

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dc.creatorOni, A. O., Ajibola, M. O., Iroham, C.O., Akinjare, O. A.
dc.date2015
dc.date.accessioned2025-03-28T17:35:53Z
dc.descriptionA number of factors determine commercial property values with road network being one of them . This study was carried out to determine the contributions of arterial road network to variability in commercial property values in lkeja, Nigeria, in the presence or absence of other value determinants. In attaining the aim , road network was decomposed into its explanatory variables and regression models set at 0.05 alpha level used to determine their individual and joint impacts with other factors on commercial property values. It was found that accessibility has a P-value of 0.0024; demand, P-value = 0.0011; and supply returned P-value of 0.0059; all have significant impact on commercial property values. Also, the Analysis of Variance indicates that F-ratio = 3.88, P-value = 0.0193, with R2 of 69.37% explaining 69% variability in commercial property value. However, further analysis using Backward Selection Method of Stepwise Regression Model indicated that location in addition to demand, supply, and accessibility have significant impacts on commercial property values in the study area. It recommended that road network be improved to enhance values of commercial properties in the study area to the benefit of Government through enhanced property tax; to property owners through improved rental values; and occupiers of commercial properties through better neighbourhood quality.
dc.formatapplication/pdf
dc.identifierhttp://eprints.covenantuniversity.edu.ng/6433/
dc.identifier.urihttps://repository.covenantuniversity.edu.ng/handle/123456789/35647
dc.languageen
dc.subjectTH Building construction
dc.titleAnalysis of Accessibility Impact On Commercial Property Values In Ikeja,Nigeria
dc.typeConference or Workshop Item

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