Purpose The purpose of this paper is to re-examine the framework for determining property market maturity by including the economic characteristics of a country in the measure. Design/methodology/approach The examination was done in Lagos property market, which was stratified into Mainland and Island markets. A total of 181 estate surveying and valuation firms and 87 property development companies, as represented by top-level managers, participated in the survey. Data were collected on their perception of property market maturity attributes that included market openness, presence of professionals, level of transparency and state of the economy, among others. The data were analyzed using mean rating and mean deviation. Findings The result showed that “diversity of real estate products and forms” was ranked highly and had reached a mature stage in Lagos Mainland, Island and the aggregated Lagos market. Contrarily, the state of the economy was still at immature stage in Lagos and its sub-markets. Overall, the results showed that the Lagos property market was emerging and that the inclusion of economic features in the maturity framework reduced the level of maturity of the market when compared with previous studies. Practical implications The study implied that the assessment of the state of economy of a country, as part of the attributes for measuring property market maturity, will impact on the result and should be taken into consideration. Originality/value The study adds to the previous studies on property market maturity by assessing the impact of the economic characteristics of a country on the measure.
Purpose The purpose of this paper is to examine realtors and residents’ perceptions of the effectiveness of Crime Prevention through Environmental Design (CPTED) in reducing night-time and daytime break-ins in residential estate. Design/methodology/approach The study adopted case study methods. Two residential estates (one at inner and the other at outer city) were selected as cases of the study. Data were collected from two sets of respondents: realtors and tenants. In the realtors’ cluster, all real estate and property development companies were sampled since the population is very small. Systematic sampling technique was used to select residents. Respondents were asked to answer closed-ended questions on socio-economic and demographic characteristics, perception of property crime, spending on CPTED and effectiveness of CPTED. Data were analyzed using the descriptive and inferential statistics. Findings Findings disclose that more than half of the residents of inner and outer city had been victims of housebreaks and these incidences are expected to increase in the nearest future. To reduce break-ins, findings show that realtors and residents have spent on both formal and informal surveillance with emphasis on ensuring visual control over premises. Furthermore, respondents confirm the effectiveness of CPTED in deterring break-ins. The study establishes variation in the realtors and tenants’ perception of break-ins as spending on CPTED strategies vary between them, with locations and types of properties. Practical implications Social and human factors remain very important as far as the prevention of break-ins is concerned. These should be taken into considerations when improving CPTED approach in the future. Besides, adequate attentions should be given to daytime break-in. Nonetheless, night-time break-ins should not be neglected. Furthermore, the study emphasizes the importance of visible, clean and well-lit premises as ways of reducing break-ins. It is therefore suggested that residential properties should be well lit at nights, while CCTV and security personnel be positioned in strategic places and within security viewing range so as to send fast alerts to the nearest police stations in the cases of break-in(s). Originality/value Very few studies on effectiveness of CPTED have mainly concentrated on how CPTED works in residential estates. No study till date, have explored how realtors perceive CPTED in preventing break-ins. Besides, this study contributes to existing literature having revealed variation in the realtors and tenants’ spending on CPTED on the basis of property location and types of residential properties.
The study examined the private car users’ willingness to pay for designated parking spaces in Ile-Ife, Nigeria. This is with a view to providing information for sustainable provision of car park and its inherent facilities in major activity centers of the urban environment. Data were obtained from 167 private car users in major activity centers of the study area through purposive sampling technique. The data were analyzed using descriptive statistics. Relative Willingness Index (RWI) in the study area showed that the car users were most willing to pay for ‘surface car park’ and ‘shared car park’ with indices of 4.47 and 3.39 respectively. The basic car park attributes preferred were: car washing service, toilet facilities, security service and surveillance cameras among others. It was also established that the willingness to pay (WTP) for parking space varied directly with the education (primary RWI= 2.97; secondary RWI= 3.44; tertiary RWI= 4.15) and income statuses (low RWI= 2.72, middle RWI= 3.61; high RWI= 3.94) of the users. The minimum, maximum and average amount of money that the users could afford and willing to pay after using parking space and inherent facilities were respectively N50, N250 and N175 (US$1 = N365). The study concluded that the information obtained on the car owners’ WTP for parking space and associated facilities could be effective device in the hands of policy makers and private investors at ensuring that the problems of the unavailability of car parks in the urban environment are curbed.
In today’s highly regulated cities, a conspicuous pattern of marginal open space has emerged between buildings and streets. With rapid population growth, different activities are also emerging in the open spaces, particularly in the cities of developing countries. This study explores the informal use of the marginal open spaces along residential streets in Ile-Ife, Nigeria, to identify the physical planning implications. The data for this study were mainly collected through a questionnaire survey and open space measurements. Findings established that the major activities in the open space were necessary (earning income), socio-cultural and leisure pursuits. Land-use problem occurrence index (LPOI) showed that the significant challenges associated with the use of the space were an increase in travel time to destinations (LPOI = 4.33), open space littering (LPOI = 4.17), traffic and pedestrian congestion (LPOI = 4.17), and degradation of aesthetics (LPOI = 3.99). It is therefore concluded that the use of marginal open space has both positive and negative effects on the residential environments of the Nigerian city. The study adds to the body of knowledge in urban studies by empirically investigating the physical planning implications of the everyday use of marginal open space in a developing country.
Urban residents often transform street precincts into places for informal activities through everyday urbanism to meet their daily needs, particularly in traditional city centres. Although strict regulations and control over public space exist, people-centred (bottom-up) interventions usually occur in traditional city centres. While such action exemplifies the rights people claim to suit their requirements and improve the daily living experience, there are arguments that everyday use of the streets generates land-use problems. In this regard, using data collected through questionnaire surveys, observations, and interviews, this study explores the factors that facilitate everyday urbanism and encourage using the streets as public spaces in traditional city centres of Nigeria. This is to provide helpful information that could serve as a tool for putting everyday urbanism into urban planning and design practices. The study established that the three most common street activities in the traditional city centres were informal trading, social events/ceremonies, and cultural festivals. It was also shown that the everyday use of public spaces created a unique setting for social interaction among people and contributed to the liveliness of the city centres. The principal component analysis (PCA) showed that the crucial factors that facilitated and encouraged the everyday use of streets were the economic factor (18.2%), the inadequacy of environmental amenities (17.8%), and culture and social lifestyle (12.2%). This study concludes that everyday urbanism contributes significantly to creating vibrant communities and improving life quality; therefore, it is recommended that the control and management of activities in public spaces should align with people's culture, lived experiences and socioeconomic realities.
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