EFFECT OF RESIDENTIAL PROPERTY RENTAL VALUE IN CLOSE PROXIMITY TO UNIVERSITY OF ABUJA, MAIN CAMPUS, NIGERIA
Abstract
ABSTRACT
This study examines the determinants of residential property rental values in close proximity to the University of Abuja, Main Campus, Nigeria. Grounded in a hedonic framework, the analysis integrates property-level attributes, neighborhood quality, accessibility, and broader urban dynamics to explain how rents vary with location relative to the campus. Primary data were collected from rental listings, property owners, and tenants, complemented by local government planning documents and university-related activity indicators. The empirical approach synthesizes descriptive statistics with econometric models that control for structural characteristics (bedrooms, bathrooms, size, condition, and amenities), neighborhood factors (security, utilities, sanitation, and infrastructure), and proximity-based effects (distance to campus, campus-related amenities, and traffic congestion). The study aimed to examine the factors determinant residential property rental value in close proximity to the University of Abuja, Main Campus, with a view to assess rental growth trend of residential property (2015 - 2025). It also identify type of residential property investment in close proximity to university of Abuja Main Campus.
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