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Abstract
This study investigates the impact of squatter settlements on rental values in neighboring areas, focusing on the Iguosa community in Benin City. This is with a view to examining the features of the squatter settlement in iguosa community, to access the property value of residential properties located 0-500 meters from the boundary of Iguosa, to examine the factors influencing residential property values in Iguosa community proximate areas with the aim of analyzing the impact of proximity to iguosa informal settlement on surrounding property values. This study adopted mixed methods including surveys and interviews of the occupants of the squatter settlement and neighboring environments. Findings revealed that the presence of squatter settlement exerts downward pressure on rental values in proximate formal residential areas. This study recommends proper city planning in order to reduce the proliferation of squatter settlement given the impact on the neighborhood and investment performance.
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