IMPACT OF INFRASTRUCTURAL FACILITIES ON RESIDENTIAL PROPERTY RENTAL VALUE IN ENUGU URBAN, NIGERIA

ABSTRACT Enugu Urban has seen rapid urbanization over the past few decades, driven by population growth, migration, and economic development. As the city grows, the demand for residential housing has surged, creating both opportunities and challenges for property developers, investors, and government authorities. However, infrastructural development has not kept pace with this population growth. Infrastructural facilities in Enugu are unevenly distributed and influence the use and value of the property. This study assesses the impact of infrastructural facilities on residential property rental value in Enugu urban. The specific objectives were as follows: To examine the current state of infrastructural facilities in Maryland Housing Estate, Enugu; to assess the impact of Infrastructural facilities on residential property rental value in Maryland housing Estate Enugu; to identify the most important Infrastructural facilities that influence rental value in the study area; to provide recommendation for improving infrastructural facilities in the study area. The study had a population size of fourth nine (49) out of which a sample size of forty (40) i.e. enumeration used when population size is small. The survey research design was adopted for the study. The collection of data was by administration of questionnaire and conduction of interview. The study showed that appropriate residential infrastructural facilities enhanced the rental values of residential properties in the study area. The study concluded that improved quality of infrastructural facilities contributed to the increase in the rental values of residential property in the study area. Therefore, the study recommended that Property developers should put in place appropriate infrastructural facilities in their properties to ensure maximum returns from their property investment.