• 0 Review(s)

Product Category: Projects

Product Code: 00000602

No of Pages: 59

No of Chapters: 5

File Format: Microsoft Word

Price :



Property is a bundle of rights whose value is determined by the interplay of various factors classified into accessibility, environment, Neighbourhood and property characteristics. This study access the relationship between infrastructure and property value in Agege area of Lagos metropolis. In other to achieve the research objectives, questionnaires were administered to two sets of respondents: Estate firms and Residents in Agege Local government area of Lagos. The first part represent the demographic details of the respondent. The sample were drawn from the residents in Agege and Estate firms around the Area including Ikeja and its Environs. The data collected were analysed using some standard statistical method like tables and charts and findings were interpreted accordingly with the use of percentage. For the purpose of this research, 120 copies of research questionnaire were administered, 90 copies were given to residents and 30 copies to estate firms out of which 93 copies were retrieved and analysed, 70 copies were retrieved from residents and 23 copies from Estate firms in selected areas.

This study revealed that different infrastructural attributes affect property value in the area of study.



Title                                                                                                                                         Page

Certification                                                                                                                            ii

Dedication                                                                                                                              iii

Acknowledgement                                                                                                                  iv

Abstract                                                                                                                                  v

Table of contents                                                                                                                    vi



1.1       Background to Research Study                                                                                  1

1.2       Statement of the Problem                                                                                           3

1.3       Research Question                                                                                                      3

1.4       Aim and Objectives                                                                                                    4

1.5       Significance of Study                                                                                                 4

1.6       Scope of Study                                                                                                           5

1.7       Definition of Terms                                                                                                    5



2.1       What is Infrastructure                                                                                                 7

2.2       Concept of Infrastructure in Relation to Property Value                                           9

2.3       Types of Infrastructure                                                                                               14

2.4       Demands for Infrastructure                                                                                        16

2.5       Attitude and Willingness to Pay for Infrastructure                                                    19

2.6       Concept of Property Value                                                                                         22       

2.7       Factors Affecting Residential Property Value                                                           23

2.8       Constraints of Effective Service Delivery of Urban Infrastructure                           24

2.9       The Impact of Infrastructure Provision on Residential Property Value                     25



3.1        Introduction                                                                                                               27

3.2       History of Study Area                                                                                                            27

3.3       Research Design                                                                                                         27

3.4       Sample Population and Selection                                                                               28

3.5       Methods of Data Collection                                                                                       28

3.6        Data Analysis                                                                                                             29

3.7       Study Limitations                                                                                                       29



4.1       Introduction                                                                                                                30

4.2       Data Presentation and Analysis                                                                                  30

4.3       Section A (Residents): Demographic Data                                                                 31

4.4       Responses from Estate Firms                                                                                      35

4.5       Analysis of Section B: Research Questions                                                                37

4.6       Estate Surveyor’s Assessment of the Attributes of the Area in Terms                     

of Infrastructural Amenities                                                                                       43



5.1       Summary of Findings                                                                                                 45

5.2       Recommendations Based on Research Findings                                                        46

5.3       Conclusion                                                                                                                  47

5.4.      Area of Further Study                                                                                                47

References                                                                                                                  48

Questionnaire                                                                                                              50









Infrastructure plays a key role in the well being of developed and developing nations and its importance to economic growth and development cannot be underestimated or overlooked. It is one of the basic facilities and systems serving a country, city, or area, including the services and facilities necessary for its economy to function. It typically characterizes technical structures such as roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, and so forth, and can be defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions. Infrastructural development influences the housing sector and it is one of the determinants of the value of property in the housing subsector. Housing represents one of the most basic needs of man and it has a profound impact on health, welfare and productivity of individuals. For housing to produce these impacts, it must be adequately provided with functional infrastructures. One of the veritable parameters and assessment indicator of status of any spatial, especially urban system is the state of infrastructure. The efficiency of any form of human activity system including an urban area largely depends on provision of efficient infrastructural facilities and services (Babarinde 1998). The significance as well as the quality and coverage of infrastructural facilities have a major impact on the standard of living, property value and economic growth. Its role in the proper functioning of an urban area cannot be over emphasized.

According to Fox (1994), infrastructures are those services derived from a set of public work traditionally provided by public sector to enhance the private sector production and allow for household consumption. Nubi (2002) describes infrastructure as the aggregate of all facilities that allow a city to function effectively.

Janet Rivers and Michael Heaney have connected infrastructure investment to all facets of economic development. This almost always includes an increase in property values, which is not a problem since the increase is always offset by increasing opportunities and incomes in the general vicinity. The closer a residential area is to new infrastructural projects, the higher the increase in its value. In addition, Rivers and Heaney also found that the reverse relationship is true: Failing infrastructural investment is closely related to falling property values. They go so far as to hold that decaying or neglected infrastructure is a major determinant of economic decay and recession.

In developed countries of the world where infrastructures are well developed and given top priority, Infrastructure has played a key role in promoting and sustaining rapid growth in all sectors of their economy including the housing-property subsector of these countries. Properly designed infrastructure can also make growth more inclusive by sharing its benefits with poorer groups and communities, especially by connecting remote areas and small and landlocked countries to major business centers.

The relationship between infrastructural development and property value also exists in the developing world. In Nigeria for instance where the federal government over the past few years have embarked on massive infrastructural development in all regions of the country after years of neglect, every sector of the economy including the housing sector which has experienced an unprecedented boom in patronage as well as increase in value of properties in areas that have high infrastructural development. Professor M.A. Adebayo of the University of Lagos, found strong relationships between property values, economic development and infrastructural development. Lagos which the commercial capital and ranked the highest in terms of infrastructural development has a result of the commendable efforts made by the slate government, properties in the state command the highest value in the country. Not only is there a connection between public investment and the financial values of local housing, but people arc clearly willing to pay more for a house or business if they know there is, or was, substantial public investment in the area.


This project examines the relationship between infrastructures (roads, electricity, water, drainage facilities & waste disposal system), effects of these infrastructures on property value and cost and how the key players like estate firms and residents of Agege area are at the receiving end of the effects. The level of neglect of infrastructural development over the years as well as the deficient and deteriorating state of the few available ones is becoming more alarming and worrisome due to the inability of the public sector to meet up with its social responsibilities to the people. The availability and inability of infrastructural amenities may influence proper value and cost positively or negatively.


1.      What are the existing infrastructure in study area?

2.      What is the demand level for infrastructure in the study area?

3.      What is the willingness to pay for specific infrastructure in the study area?

4.      What is the extent to which these infrastructure affect the value of residential property in the study area?



This research is aimed at assessing how much value is added to residential property for specific infrastructure project in the study area.

The objectives however include:

1.      To examine the existing infrastructure in the study area

2.      To ascertain the demand level for infrastructure in the study area

3.      To identify the willingness to pay for specific infrastructure in the study area

4.      To ascertain the extent to which these infrastructure affects the value of residential property in the study area.


Property Market is very dynamic and complex sector which transverse a vast array of components, institutions, socio-economic and historic dimensions. This research examined the influence of infrastructural amenities on property as well as look at the challenges faced in infrastructural development in Agege area of Lagos. In addition to the above, the study will be a reference material for students, scholars and other researchers. In addition, this study will create awareness to individuals, professionals, investors, communities and the society at large on how selected infrastructure determines residential property values. Aside the contributions made to knowledge, the research would go a long way in making possible mass evaluation of properties, help guide property investors on areas of potential returns on investments. The research would also be significant to government on the type of infrastructures to be provided in certain areas.


The study will guide investors on where to invest taking into consideration unavailable infrastructural facilities. For this reason, it will be significant to the following group.

·         This research will be beneficial to the property owners and residents in the study area by providing adequate information on availability and state of infrastructure.

·         This study will be useful in providing regulatory guideline for infrastructure] reform

·         It will assist providers of infrastructures in planning and budgeting resources and allocations to areas where it is most needed.


This project will evaluate the relationship between infrastructure and property value in Agege area of metropolitan Lagos. Various infrastructure includes but not exhaustive; Telecommunication infrastructure, Drainages/sewage infrastructure, Portable water supply, Electricity, Health facilities, Educational infrastructure, Sanitation and solid waste disposal system. This study therefore attempts to examine the extent to which this infrastructure contributes to residential property value in the study area. It would also look at the challenges faced in infrastructural development in an attempt to improve the value of properties in Agege area of metropolitan Lagos.


Infrastructure: This refers to the fundamental facilities and systems serving a country, city, or area, including the services and facilities necessary for its economy to function.

HOUSE: This is s a building that functions as a home for humans or other creatures, ranging from simple dwellings such as rudimentary huts of nomadic tribes to complex structures composed of many systems.

HOUSING: This is the shell or structure of dwellings. It is generally referred to the social problem of ensuring that members of society have a home in which to live, whether this is a house, or some other kind of dwelling, lodging, or shelter.

URBANIZATION: This is a population shift from rural to urban areas.

REAL PROPERTY: This is any subset land that has been legally defined and improved thorough direct or indirect human efforts, it includes: buildings, wells, dams etc.


Buyers has the right to create dispute within seven (7) days of purchase for 100% refund request when you experience issue with the file received. 

Dispute can only be created when you receive a corrupt file, a wrong file or irregularities in the table of contents and content of the file you received. shall either provide the appropriate file within 48hrs or send refund excluding your bank transaction charges. Term and Conditions are applied.

Buyers are expected to confirm that the material you are paying for is available on our website and you have selected the right material, you have also gone through the preliminary pages and it interests you before payment. DO NOT MAKE BANK PAYMENT IF YOUR TOPIC IS NOT ON THE WEBSITE.

In case of payment for a material not available on, the management of has the right to keep your money until you send a topic that is available on our website within 48 hours.

You cannot change topic after receiving material of the topic you ordered and paid for.

Ratings & Reviews


No Review Found.

To Review

To Comment