Department of Estate Management

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Browsing Department of Estate Management by Subject "Cemetery"

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    Impact of Cemetery on Proximate Residential Property Value
    (Department of Geography and Environmental Studies, Bahir Dar University, Ethiopia., 2021-01-28) Fateye, Tosin Babatola
    This study examined the probable impact of cemeteries on residential property value. The empirical inquiry aims at determining whether cemetery proximity has any significant bearing on the values of rental homes within its neighbourhood or not. Data was elicited via 150 questionnaires administered on rent paying residents around the neighbourhood of Atan Cemetery in Yaba, Lagos and analyzed using descriptive statistics and ordinary least square (OLS) regression tools. Result revealed that, consonant with earlier foreign studies, cemetery proximity is insignificantly related to rental values of residential properties located within 200 meter distance to the memorial site in the study area. The study concludes that where cemetery facilities receive proper care and attention, the effect of good maintenance could overshadow the associated probable gloomy impact of cemetery proximity to residential area and vice versa.