Tag Archives: Property Value

Evaluation of the Effect of Slum on Property Values in Onitsha Metropolis of Anambra State (Published)

This study evaluated the effects of slum on property values at Onitsha metropolis. The study adopted the questionnaire survey method and interview to ascertain the effects of slum on property values in Onitsha metropolis. The study found that the slum occurrence was as a result of rural migration to urban areas and lack of original planning in the area and confirm that slum was responsible for the low property value in the area.  From the foregoing, the study recommended that there is a big necessity for this area to be reorganized in order to reduce the increase of slum, good planning policies has to be formulated so as to prevent this ill occurrence, construction of drainages, infrastructures and general urban renewal should be employed in the area, thereby demolishing dilapidated structure and modernizing the old structures, roads should be tarred and alternative routes created in order to open up the area. Furthermore, it is recommended that the government should redevelop the area, by relocating the inhabitants and then building low cost houses for the inhabitants. For the property owners, a low interest or non interest credits should be provided for them in order to encourage them to renovate their properties.

Keywords: Nigeria, Onitsha, Property, Property Value, Road, slum

The Effect of Slum on Property Values in Asaba Metropolis of Delta State (Published)

jUrban degradation is caused principally by urbanization process, however, most of the environmental problems in Asaba metropolis suburbs result largely from its unplanned land uses, swampy nature of built areas and weak development control. Other critical problems that bother minds also include lack of open space, poor management of flood channels and substandard housing. This paper discuses the possible intervention strategies in the regeneration effort of Asaba slum area. The research method which is both narrative and statistically descriptive in nature enables the author engage in a detailed literature study of the chronological development of Asaba metropolis with view to determining how the city came about the current level of degenerating infrastructural facilities. The study found that the principle of cooperative leadership by government at all levels is fundamental to making important difference in qualitative development controls of the study area. It however concluded that the duo role of the public and traditional power structure of the community leaders must be involved in the conception and implementation of Delta State environmental planning programmes.

Keywords: Development Control, Effects of Slum, Environmental Problem, Nigeria, Property Value