Factors affecting residential land market value: a case study of Injibara Town, Ethiopia

Abstract

The objective of this study was to identify factors that affect the residential land market value in Injibara town. This study follows a quantitative research approach. The number of participants was 384, and structured questionnaires were used to gather the data. Descriptive statistics and regression were used to analyse the data. The finding indicates that access to infrastructure affects the residential land market value highly; the location of the land also affects the residential land market value next to the infrastructure; and population growth affects the residential land market value next to the location of the land and the access to infrastructure. The hypothesis proposed in this study; the urban population of the town significantly affects the residential land market value, the residential land location of the residential land significantly affects the residential land’s market value and infrastructures significantly affect the residential land market value are supported by the study regression output. In the future, the mayor of the town, the administrative unit and other stakeholders better consider the city’s population growth, and building quality infrastructures will have significant importance for the market value of the residential land and to enhance the quality of life for the residences.