Occupants’ Satisfaction and Rent paid for Residential Properties close to
- VICTORIA BELLO
- Cyril Ajayi
Abstract
The paper examined occupants’ satisfaction and rent paid for residential properties within three neighbourhoods (Olusosun, Abule – Egba, and Solous) close to waste dump sites and Ketu neighbourhood (not close to dump site) in Lagos Metropolis. Relative Satisfaction Index, Analysis of Variance and Correlation Coefficient are used to analyse the data based on the System Unit, Dwelling and Environmental Subsystems. The results show that the occupants of properties close to dump sites have a minimum level of satisfaction of 37.22, 40.48 and 27.09 percent in the system unit and subsystems; while Ketu is 60.00, 60.71 and 56.25 percent. Also, a weak linear relationship between rental value and the satisfaction of occupants in the neighbourhoods (Olusosun, 0.056 (p > 0.05); Solous, 0.026 (p >0.05); Abule-Egba, 0.062 (p > 0.05); and Ketu, 0.108 (p > 0.05) exist.
The paper recommends that property investors should avoid building around dump sites to enhance property values.
- Full Text: PDF
- DOI:10.5539/jsd.v3n1p98
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