Impact of HVOTLs on Residential Property Rental Values in High Brow Lagos Metropolis

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Date
2012
Authors
Akinjare, O.A
Oluwunmi, A.O
Iroham, C.O
Journal Title
Journal ISSN
Volume Title
Publisher
Ethiopian Journal of Environmental Studies and Management
Abstract
High Voltage Overhead Transmission Lines (HVOTLs) otherwise refered to as power-lines have been debated to facilitate property value diminution. This current study investigates the impact of power-lines on the rents of residential properties in high brow Lagos. Questionnaires were distributed to registered Estate Surveying firms, residents within 200m to power-lines in Surulere area of Lagos while an indepth interview of the Manager and field officers of the Akangba PHCN sub-station was conducted. On the average, a response rate of 66.5% was recorded. Findings revealed that residential property rents increased as distance from power-lines increased averagely by =N=5,000.00 and a mean value impact of =N=786 on neighbourhood rental value.The study encouraged the use of buried armour cables instead of overhead power-lines in future and the strict enforcement of ROWs within Lagos metropolis where power-lines already exist, in a bid to abate the effect of power line on property investments.
Description
Scholarly articles
Keywords
VOTLs , Power-line , Residential , Rental Value , Research Subject Categories::SOCIAL SCIENCES
Citation
Akinjare, O. A., Oluwunmi, A. O. and Iroham, O. C. (2012) Impact of HVOTLs onResidential Property Rental Values in High Brow Lagos Metropolis. Ethiopian Journal of Environmental Studies and Management, 5(1), 56-63.