HOUSING QUALITY AS A DETERMINANT OF RESIDENTIAL RENTAL VALUE IN BENIN CITY
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Abstract
This study examines housing quality as a determinant of residential rental value in Benin City,Edo state. The study was carried out using both primary and secondary data. In all 308 questionnaires were administered in 20 zones of the three residential areasmapped out in the study area and respondents were randomly
selected along major streets. But only 280 questionnaires were returned valid for
analysis. Using the statistical packages for social sciences (SPSS),various statistical
techniques and presentations were employed in analyzing the data. The hedonic
regression model was used to test the first hypothesis of the study. The result showed
that there was a significant relationship between housing quality and residential
rental value in the study area with 50% of type of floor finish having the highest beta
coefficient at -.215.
selected along major streets. But only 280 questionnaires were returned valid for
analysis. Using the statistical packages for social sciences (SPSS),various statistical
techniques and presentations were employed in analyzing the data. The hedonic
regression model was used to test the first hypothesis of the study. The result showed
that there was a significant relationship between housing quality and residential
rental value in the study area with 50% of type of floor finish having the highest beta
coefficient at -.215.
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