IDEAS home Printed from https://ideas.repec.org/p/afr/wpaper/afres2018_106.html
   My bibliography  Save this paper

Land Pricing Influencing Factors: Perception of Estate Surveyors and Property Developers

Author

Listed:
  • S. E. Agbato
  • O. O. Adetokunboh
  • A. K. Sodiya

Abstract

In the present day real estate market, price, in money, is seen as the commonly assented expression to indicate and compare land values – upon putting into consideration certain underlying variables that have been characterised as land pricing influencing factors. From the point of view of two notable real estate market players; estate surveyors and property developers, the study assessed the relative importance of the individual land pricing influencing factors in Nigeria. Adopting structured questionnaire and semi-structured interview to sample the opinion of selected Lagos-based estate surveyors and property developers, distinctive 43 influencing factors further classified into eleven typical groups were identified and assessed, and the overall analysis indicated that good (motorable) road, purchaser ability to pay, and prime location are the top-ranked influencing factors amongst other determinants influencing land price in Nigeria, while size, buyer’s preference and accessibility are the first three highest ranked group factors in the eleven categorised group factors.

Suggested Citation

  • S. E. Agbato & O. O. Adetokunboh & A. K. Sodiya, 2018. "Land Pricing Influencing Factors: Perception of Estate Surveyors and Property Developers," AfRES afres2018_106, African Real Estate Society (AfRES).
    • Handle: RePEc:afr:wpaper:afres2018_106
    as

    Download full text from publisher

    File URL: https://afres.architexturez.net/doc/oai-afres-id-afres2018-106
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    land price; Land Value; Nigeria;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afr:wpaper:afres2018_106. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/afresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.