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.
Highlights
The prominent urban and peri-urban land uses are residential, commercial, industrial and transportation; and it has been argued that residential takes the largest percentage of about 60% of any urban land use, industrial use has been assigned 10 percent of the city land use (Herbert & Thomas, 1982; Oduwaiye, 2001; Obateru, 2004)
The facts that the industries employ large labour and engage in large scale production imply that they are capable of exerting substantial effect on the property values within the neighbourhood
In spite of the problems associated with industrial land use as indicated in Table 4 coupled with the dwellers’ perception of the problems, many of the respondents still prefer to live in the neighbourhood
Summary
The prominent urban and peri-urban land uses are residential, commercial, industrial and transportation; and it has been argued that residential takes the largest percentage of about 60% of any urban land use, industrial use has been assigned 10 percent of the city land use (Herbert & Thomas, 1982; Oduwaiye, 2001; Obateru, 2004). The percentage of industrial land use in any urban area might look small relatively to other land uses; its impact on the socio-economic milieu of the neighbourhood is very enormous. Industrialization brought with it economic expansion-expansion of local employment, expansion of service industries and the local market. The few literature on the subject matter include Bello and Bello (2005a) on the valuation of environmental contaminated properties, Bello (2005b) on environmental contamination and urban property values, and Ogendengbe and Oyedele (2006) on effect of waste management on property values in Ibadan. Knowledge of this study would help in understanding how an increased effort on industrial development would affect the existing pattern of land use
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