Effect of Land Pricing on Residential Density Pattern in Akure, Nigeria.

  • Fasakin J. O.
  • Basorun J. O.
  • Bello M. O.
  • Enisan O. F.
  • Ojo B.
  • Popoola O. O.

Abstract

Land pricing has produced a new order of residential density arrangement in Nigeria urban centres. There is a noticeable variation in land prices with the levels of residential density distribution in Akure, Nigeria. The research looked at the emergent residential density pattern in Akure, as a result of the pricing profile of land especially at the periphery of the city where three residential estates were randomly selected. With the use of GIS and IKONOS Imagery, the total number of buildings in the three estates was 5,104 [Oke-Ogba 2,723; Obele 2117 and Alagbaka - 264] out of which 10 percent, representing 510 were sampled. The Pearson Moment Correlation test revealed a significant correlation between Price and year of land purchase and the development, area of land, income of owners and household size. Policy measures were set forth for the development of mechanism for density mix that will fill the vacuum created due to rising land price in the city.

Published
2018-01-26
How to Cite
J. O., F., J. O., B., M. O., B., O. F., E., B., O., & O. O., P. (2018). Effect of Land Pricing on Residential Density Pattern in Akure, Nigeria. Advances in Social Sciences Research Journal, 5(1). https://doi.org/10.14738/assrj.51.4003