The impact of rail transport infrastructure on residential property rental values in Kubwa, Abuja, Nigeria
Date
2023-06Author
Usman, Musa
Wali Rakiya, Ibrahim
Alalade Olugbenga
Metadata
Show full item recordAbstract
On a global scale, numerous research studies have been embarked upon to show the level of
relationship between transport facilities and residential rental values. This study dwelt on
the various aspects of rail infrastructure and how it impacts on residential rental values. To
accomplish the aim, questionnaires were distributed to head of households and practicing
Estate Surveyors and Valuers in Kubwa, Nigeria. Physical observation also aided the
researcher in data gathering. Data were interpreted using tables and percentage while Karl
Pearson product moment correlation with the aid of Statistical Package for Social Sciences
was employed for data analysis. From the correlation analysis the result revealed that the
value of r (Pearson correlation) is 0.751 which indicates strong relationship. The p-value
(.001) was less than 0.05 significant level. It was confirmed that the rail transport
infrastructure has significant impact on residential rental values in Kubwa, Abuja. This
translates to growth in rental values. The study recommended government initiatives on the
rail system which directly increases the quantity of optimum rail lines of high-frequency
metro lines resulting to a substantial increase in real estate values. This study has provided
firsthand information and guide for property investors, estate surveyors, built environment
professionals as well as government agencies on the importance of rail infrastructure and
the various ways it can positively or negatively affect rental values