Impact of Density on Highest and Best Use of Residential Lands in Metropolitan Lagos

Abstract

The aim of this study is to examine the impact of density on the highest and best use (HBU) of residential estate lands in metropolitan Lagos. The lists of estates (sampling frame) was arranged into three strata of low, medium, and high density of which one estate is purposively chosen from each stratum.The sampled estates are Ikeja GRA (low density), Ajao Estate, Isolo (medium density), and Oyadiran Estate, Yaba (high density). A total of 808 questionnaires were administered on the landlords but 542 were returned and used for the study. The data collected were analysed with the Multiple Linear Regression Analysis and Analysis of Variance – ANOVA. The study showed that the factors determining HBU in low, medium, and high density estates are different but the strongest factor common to all is accommodation units. It is therefore, recommended that residential land developers should take note of the difference in the determining factors so as to achieve the highest and best use of their land resource.

DOI: 10.5901/mjss.2014.v5n27p1698