Impacts of inadequate infrastructures provision on real property value: a comparative study of Agbama and Ehimiri housing estate, Umuahia, Nigeria

The purpose of the study is to investigate and analyses the impacts of inadequate infrastructures provision on real property value, utilizing Agbama and Ehimiri Housing Estate located in Umuahia City of Nigeria. Both open and closed ended questionnaire was designed with multiple choice test questionnaire survey because of its flexibility and simplicity benefits in data interpretation. A total of 400 (Nr) questionnaires were administered to households and landlords of the housing estates, and of these questionnaire numbers, 343 (Nr) were completed and returned, representing a response rate of 85.6%. The collected data was analyzed using the SPSS package of descriptive frequencies and percentages, as well as adopted the Relative Importance Index (RII) in analyzing and ranking of the identified infrastructures from high to low magnitude of importance, based on the respondents’ indication. The findings reveal that there were lack of or inadequate good road network, electricity supply; portable water; drainage system; waste management system; recreational facilities; particularly in Agbama housing estates. It further found that these inadequate infrastructures and its weak correlation contribute to increasing negative impacts on real property and its rental value. The study probe into this area helps to identify, assess and establish the impacts of inadequate basic infrastructures provision on real property value, and that these infrastructures are needed to be provided in housing estate if real properties and its rental value were to be sustained. This, the property developers, government, policy makers and other relevant stakeholders should take into consideration in any future housing estate units’ provision since it should improve the living conditions and satisfactions to either the sitting or prospective residents/tenants of the housing estates