International records / OpenAlex research

Determinants of Land Value Appreciation Dynamics in the Lekki Corridor, Nigeria

Background: The Lekki Corridor of Lagos State has emerged as one of Nigeria’s fastest-growing real estate markets, but land value appreciation patterns vary significantly across its sub-markets. This study investigates the determinants driving these dynamics.  Methods: A survey research design was adopted, targeting 276 estate surveying and valuation firms in the corridor. Using the Kothari formula, a sample of 161 firms was selected, with 143 valid responses retrieved, representing 88.82%. Data were analyzed using both descriptive and inferential statistics. Factor analysis (KMO = 0.841; Bar…