Impact of urban regeneration on commercial property values in Osogbo, Osun State, Nigeria

Ekemode, Benjamin Gbolahan

doi:10.1108/sasbe-04-2019-0059

Cited by 7 publications

(6 citation statements)

References 23 publications

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“…Case studies concerning the influence of the renovation and reconstruction of individual structures understood as buildings or complexes of several buildings on their surroundings should be mentioned in the first place (Ki & Jayantha, 2010;Olbińska, 2015;Wadu Mesthrige & Poon, 2015;Jayantha & Chun Ming, 2015;Jayantha & Yung, 2018;Dell'Anna, 2022). It should be noted, however, that in parallel with the research on the effects of point revitalization projects in the world, cases of the effects of revitalization of entire areas were also analyzed (Rossi-Hansberg et al, 2010;Róka-Madarász & Mályusz, 2013;Chau & Wong, 2014;Rącka & Palicki, 2016;Giusti & Maraschin, 2017;Melo & Cruz, 2017, Wadu Mesthrige et al, 2018De Toro et al, 2020;Budner & Pawlicka, 2020;Ekemode, 2019;Palicki, 2020;Jang & Yoon, 2021;Chau at al., 2021) as well as the effect of the announcement of revitalization plans for larger areas on the real estate market (Bieda, 2017;Bieda et. al., 2017;Hyun & Milcheva, 2019;Cho et al, 2020).…”

Section: Review Of Previous Research Studiesmentioning

confidence: 99%

The Effect of Revitalisation on the Value of Residential Premises in Historic Urban Layouts

Bieda,

Maniak

2024

Real Estate Management and Valuation

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The aim of this research was to analyze the effects of revitalization activities performed in a selected historical urban layout using the mixed method in which statistical analysis was supported by Geographic Information System (GIS) tools on the price level of residential premises on the secondary market. The subject of the analyses is “Old” Nowa Huta (Krakow, Poland), which was designed as an ideal independent city in the mid-20th century. The analysis covered the period from January 1, 2007 to December 31, 2020. The conducted analyses have demonstrated that the transaction prices (and hence the value) of residential premises located in “Old” Nowa Huta increased during the performed revitalization activities. However, based on the results obtained, it could not be confirmed that this was the direct result of the revitalization itself, because the price level within the research site increased in proportion to the rising prices in the entire city. It seems, however, that although the changes in the quality of space in the analyzed area are not spectacular, they serve to improve the quality of life of the local community and are one of the ways to protect this historic urban layout.

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Section: Review Of Previous Research Studiesmentioning

confidence: 99%

The Effect of Revitalisation on the Value of Residential Premises in Historic Urban Layouts

Bieda,

Maniak

2024

Real Estate Management and Valuation

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“…The policy promotes the participation of the citizen in planning within the city. According to Ekemode (2019), the multiplicity of urban challenges such as traffic congestion and unsustainable use of nonrenewable resources compelled a shift by the Nigerian government to implement the urban renewal strategy, which was meant to upgrade slums, transport infrastructure, drainage systems and disposal systems (Ekemode 2019;Raimi, Adelopo & Yusuf 2018). This urban renewal as a participatory planning approach did not yield intended collaborative planning.…”

Section: Colonial Planning and Management Approaches In Post-independ...mentioning

confidence: 99%

“…The inability of the urban renewal strategy to renew the city through the eradicated informal settlement was based on the lack of a pre-demolition and resettlement scheme or plan (Abgola & Jinadu 1997). The demolition of the informal settlement resulted in the displacement of over 40 000 people and only just over 2000 people were relocated (Abgola & Jinadu 1997;Ekemode 2019). The urban renewal strategy led to the displacement of people who procured the land from the traditional leaders (Ekemode 2019).…”

Section: Colonial Planning and Management Approaches In Post-independ...mentioning

confidence: 99%

“…The demolition of the informal settlement resulted in the displacement of over 40 000 people and only just over 2000 people were relocated (Abgola & Jinadu 1997;Ekemode 2019). The urban renewal strategy led to the displacement of people who procured the land from the traditional leaders (Ekemode 2019). The displacement of informal settlers resulted in many of them without a place to stay.…”

Section: Colonial Planning and Management Approaches In Post-independ...mentioning

confidence: 99%

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Complexities of contemporary urban planning in local government in the City of Polokwane, Limpopo province

Mokoele

2023

Jàmbá

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Urbanisation is characterised by the high consumption of nonrenewable resources and being resource-intensive in meeting the energy demands of the growing urban population. The growth compels the efficient management of urbanisation to mitigate climate change. The inability to effectively plan and manage urbanisation will result in high consumption of nonrenewable resources, greenhouse gas (GHG) emissions and pollution, which contribute to the intensification of climate change. Complexity theory as a theoretical framework asserts that the management of urbanisation is both complex and nonlinear. This means that the management of urbanisation cannot be done by reducing the system into individual components. The study adopted both qualitative and quantitative approaches to research. The data were collected from the four areas around the City of Polokwane and officials from the Polokwane Local Municipality. The finding of the study is that the City of Polokwane is still facing multiple challenges such as traffic congestion, lack of community participation, illegal dumping of wastes and a decline in green spaces. Furthermore, the Polokwane Local Municipality has made inroads towards reducing traffic congestion through the implementation of Bus Rapid Transit (BRT) (Leeto la Polokwane). It can be concluded that urbanisation in the City of Polokwane is not effectively planned and managed to address climate change.Contribution: This article recommends that the Polokwane Local Municipality should implement a solar system plant and generate gas from the increasing level of waste in the City of Polokwane. Furthermore, the Polokwane Local Municipality should transition from operating street lights, office lights and traffic lights with electricity towards the use of solar systems.

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“…Additionally, the authors assume that the technological adaptation of rural areas through the entrepreneurial activities of coworking members can attract businesses, increase the rental value of commercial properties (Ekemode, 2020) and attract venture capital investors (Fiorentino, 2019).…”

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confidence: 99%

A systematic literature review of the effects of coworking spaces on the socio-cultural and economic conditions in peripheral and rural areas

Vogl

Akhavan

2022

JPIF

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PurposeThe literature on coworking spaces (CSs) is growing fast; notably, this topic has attracted a wide range of contributions from various disciplines during the past years. Although CSs first appeared in major cities, small towns and rural areas are also becoming attractive. To date, no literature review has systematically studied the effects of such collaborative-flexible new working spaces proliferating in non-urban areas. Therefore, this paper aims to present a systematic literature review about the effects of coworking spaces located in peripheral and rural areas.Design/methodology/approachThe methodological approach is based on the Preferred Reporting Items for Systematic Reviews and Meta-Analyses, also known as PRISMA. Following the PRISMA checklist items, this study provides different aspects and identifies indicators from various cross-studies published in 10 years (2011–2021).FindingsResults show that, in the past decade, Europe has recorded the highest number of publications on the topic of coworking spaces (CSs); the main research focus was on spatial planning. CSs foster communities of specialized and high-skilled workers, attract businesses and venture capitalists and may accelerate urban revitalisation processes. The regeneration of spaces can positively affect the value of commercial properties in the vicinity and attract developers. Moreover, by establishing communities and networks beyond the working life, coworking was found to reduce depopulation and even foster the influx of non-urban areas.Practical implicationsThe findings of this study can be transferred to policymakers to be considered in designing tailored policies in non-urban areas and also places-that-don't matter.Originality/valueBy date, this study is the first attempt to conduct a systematic review of the literature on the effects of coworking spaces in peripheral and rural areas. This is important since this typology of flexible-collaborative working space is gaining public attention, especially during the pandemic and the development of such spaces in non-urban areas.

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Impact of urban regeneration on commercial property values in Osogbo, Osun State, Nigeria

Cited by 7 publications

References 23 publications

The Effect of Revitalisation on the Value of Residential Premises in Historic Urban Layouts

The Effect of Revitalisation on the Value of Residential Premises in Historic Urban Layouts

Complexities of contemporary urban planning in local government in the City of Polokwane, Limpopo province

A systematic literature review of the effects of coworking spaces on the socio-cultural and economic conditions in peripheral and rural areas

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