Impact of Cemetery on Proximate Residential Property Value
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Date
2021-01-28
Authors
Journal Title
Journal ISSN
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Publisher
Department of Geography and Environmental Studies, Bahir Dar University, Ethiopia.
Abstract
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.
Description
Keywords
Proximity, Residential, Rental value, Cemetery