Effects Of Locational Infrastructural Facilities On Commercial Property Value In Sokoto, Nigeria
Volume 1 - Issue 5, November 2017 Edition
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Author(s)
Abdulazeez Hakeem Omilola, Muhammad Abubakar Nassarawa
Keywords
Commercial property, Infrastructural facilities, Real property, Rental value.
Abstract
This study investigates the effect of infrastructural facilities on commercial property value in Sokoto, Nigeria. Primary and secondary data were used, and stratified random sampling technique was employed with structured questionnaires to extract necessary information from 279 sample size using Kothari’s formular from study population of 1076 sample frame. Both descriptive statistic of mean, percentages and weighted mean; and inferential statistical tool of Pearson’s product moment correlation were adopted for data analysis. The study revealed that there is significant difference between facilities from one location to another; and that there was statistically significant effect of locational facilities on rental values of commercial properties in the study area. The study concluded that locational facilities play a significant role in determining value of commercial properties. The study recommended among other things that state government should provide infrastructural facilities where they are lacking within the metropolis. This will bring evenly distributed development and commercial activities and consequently attract more investors to the city.
References
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