Effect of Locational Attributes on Residential Property Value in Birnin Kebbi Town, Kebbi State Nigeria

The research is based on effect of locational attributes on residential property value in Birnin Kebbi. Proximity to places of employment, shopping malls, markets, communal transport accessibility and sports facilities as part of residential locations characteristics are among the major factors that decide house prices. The study aimed is to examine the effect of locational attribute in determining residential property value in Birnin Kebbi town. The following objectives must be considered appropriately so as to achieved above aim. (1) Identifying the locational attributes that influence the property value in the study area, and (2) assessing an effect of locational attributes on residential property value in the study area. To follow the research goals aggressively and achieve the study objective, quantitative research design was adopted. The data was obtained by means of a survey method where out of 420 questionnaires administered to estate agent, estate surveyors and valuers and properties owners in four areas within Birnin Kebbi only 390 were retrieved. Purposive, systematic and stratified random sampling were used as method of sampling. There were also direct findings to further support the questionnaire study. The locational attributes in the study include proximity to CBD, infrastructure/amenities provision, proximity to nuisance, transportation, proximity to market, proximity to workplace and population. Where the study revealed that Proximity to CBD has the highest effect on residential property value, then followed by infrastructure/amenities as second, while proximity to nuisance as third, proximity to market as fourth, transportation as fifth, proximity to workplace and population as sixth and seventh respectively. In order to attract more private investors to real estate and at same time diversify the economy of state, there is need for government to improve on some of the locational attributes highlighted in the study.