Evaluation of the Effect of Slum on Property Values in Onitsha Metropolis of Anambra State (Published)
This study evaluated the effects of slum on property values at Onitsha metropolis. The study adopted the questionnaire survey method and interview to ascertain the effects of slum on property values in Onitsha metropolis. The study found that the slum occurrence was as a result of rural migration to urban areas and lack of original planning in the area and confirm that slum was responsible for the low property value in the area. From the foregoing, the study recommended that there is a big necessity for this area to be reorganized in order to reduce the increase of slum, good planning policies has to be formulated so as to prevent this ill occurrence, construction of drainages, infrastructures and general urban renewal should be employed in the area, thereby demolishing dilapidated structure and modernizing the old structures, roads should be tarred and alternative routes created in order to open up the area. Furthermore, it is recommended that the government should redevelop the area, by relocating the inhabitants and then building low cost houses for the inhabitants. For the property owners, a low interest or non interest credits should be provided for them in order to encourage them to renovate their properties.
Keywords: Nigeria, Onitsha, Property, Property Value, Road, slum