Zoning policies are measures used to enforce compliance and control the development of an area.These measures have been used in different countries to achieve a well-planned and habitable residential environment.Enfor...Zoning policies are measures used to enforce compliance and control the development of an area.These measures have been used in different countries to achieve a well-planned and habitable residential environment.Enforcement of these measures has tended to increase or decrease property values in some jurisdictions.Thus,the objective of this study was to measure the influence of zoning policies on rental values in Abuja,Nigeria.Due to the dearth of data related to the subject matter of this research,residents,property developers and personnel responsible for enforcement of these policies were targeted and used for data gathering.The hedonic price modeling(HPM)was used to assess the contribution of zoning policies to rental values in this analysis.The results,however,revealed that zoning is negatively correlated to rental values,while other zoning policies used in the study area are positively correlated to rental values.The result extends the debate that the impact of zoning could either be positively or negatively correlated to price relative to the underlying measures adopted within a jurisdiction.This result suggests that it is imperative to undertake a study in a jurisdiction before decisions could be made.Again,zoning policies should be extended to other suburbs of Abuja so that population pressure within Abuja and its immediate suburbs could be mitigated.展开更多
Land-use policies and regulations are employed all over the world to control land usage.Relative to the type of regulations,these can have several impacts on the value of properties.However,the value of properties mig...Land-use policies and regulations are employed all over the world to control land usage.Relative to the type of regulations,these can have several impacts on the value of properties.However,the value of properties might increase or decrease depending on the type of measures that are yearly employed.Thus the objective of this study was to assess the implication of land use regulations on rental value trend in Abuja,Nigeria.The survey design was used to elicit relevant information from occupiers and Estate Surveying and Valuation firms in Abuja.Results were presented on tables,and an annual growth rate factor was used to assess the relative growth of rent within the three locations(Wuse,Maitama and Nyanya),studied.Results indicate a significant rise in the rental value of properties between 2008 and 2017.Thus,the planning authorities in Abuja should reconsider the kind of policies they implement within the study area to avoid abuse and unnecessary restrictions that affect the state of the environment and value.展开更多
文摘Zoning policies are measures used to enforce compliance and control the development of an area.These measures have been used in different countries to achieve a well-planned and habitable residential environment.Enforcement of these measures has tended to increase or decrease property values in some jurisdictions.Thus,the objective of this study was to measure the influence of zoning policies on rental values in Abuja,Nigeria.Due to the dearth of data related to the subject matter of this research,residents,property developers and personnel responsible for enforcement of these policies were targeted and used for data gathering.The hedonic price modeling(HPM)was used to assess the contribution of zoning policies to rental values in this analysis.The results,however,revealed that zoning is negatively correlated to rental values,while other zoning policies used in the study area are positively correlated to rental values.The result extends the debate that the impact of zoning could either be positively or negatively correlated to price relative to the underlying measures adopted within a jurisdiction.This result suggests that it is imperative to undertake a study in a jurisdiction before decisions could be made.Again,zoning policies should be extended to other suburbs of Abuja so that population pressure within Abuja and its immediate suburbs could be mitigated.
文摘Land-use policies and regulations are employed all over the world to control land usage.Relative to the type of regulations,these can have several impacts on the value of properties.However,the value of properties might increase or decrease depending on the type of measures that are yearly employed.Thus the objective of this study was to assess the implication of land use regulations on rental value trend in Abuja,Nigeria.The survey design was used to elicit relevant information from occupiers and Estate Surveying and Valuation firms in Abuja.Results were presented on tables,and an annual growth rate factor was used to assess the relative growth of rent within the three locations(Wuse,Maitama and Nyanya),studied.Results indicate a significant rise in the rental value of properties between 2008 and 2017.Thus,the planning authorities in Abuja should reconsider the kind of policies they implement within the study area to avoid abuse and unnecessary restrictions that affect the state of the environment and value.
