Prioritizing Residential Land Value Determinants in Onitsha, Nigeria

This study was undertaken to analyze the various determinants of residential land values and the strength of the different factors contributing to land value variations in Onitsha, Nigeria. The factor analysis and the principal component techniques were applied in the analysis of spatial variations and the relationship between 31 identifiable factors influencing residential land values in Onitsha, Anambra State of Nigeria. By using regression analysis, the 13 main factors shaping land values in Onitsha were established, prioritized and ranked as accessibility, neighborhood quality, land title, zoning regulations, transportation, rent, improvement tax, environmental quality, view of amenities, travel time to the city centre and irrevocable power of attorney.