A Hedonic Pricing Model of the Impact of Housing Structural Features on House Rent in the Lagos Residential Property Market

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dc.contributor.authorAjide, K.B
dc.date.accessioned2019-03-15T12:23:34Z
dc.date.available2019-03-15T12:23:34Z
dc.date.issued2016
dc.descriptionJournal Articlesen_US
dc.description.abstractHousing is not a homogeneous commodity, but rather a multidimensional bundle of services. The hedonic price model is employed to model effectively the heterogeneous nature of housing in this paper, based on the Lagos State Housing Survey of 2006, for which a 6000 sample size was used. The results of the hedonic pricing model show that when renting or buying a house, people are willing to pay more for desirable structural traits provided rather than staying away from these facilities. Therefore, if proliferation of urban slums, shanties and squatters’ settlements is to be drastically minimized or completely eliminated, it would be more beneficial for government and housing suppliers to provide such basic social amenities and important housing accessories.en_US
dc.description.sponsorshipTertiary Education Trust Funden_US
dc.identifier.citationAjide, K.B (2016). A Hedonic Pricing Model of the Impact of Housing Structural Features on House Rent in the Lagos Residential Property Market.Unilag Journal of Humanities, Vol.4(1), 1-21p.en_US
dc.identifier.issn2408-5030
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/3972
dc.language.isoenen_US
dc.publisherUniversity of Lagos Press, Akokaen_US
dc.relation.ispartofseriesUniversity of lagos Journal;Vol.4(1)
dc.subjectHousingen_US
dc.subjectHedonic price modelen_US
dc.subjectStructural traitsen_US
dc.subjectLagos Stateen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Social sciences::Sociologyen_US
dc.titleA Hedonic Pricing Model of the Impact of Housing Structural Features on House Rent in the Lagos Residential Property Marketen_US
dc.typeArticleen_US
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Volume 4, Issue 1, 2016