Research Framework Development on the Effect of Intangible Location Attributes on the Values of Residential Properties in Jos, Nigeria

Abstract

Many previous researchers in the field of residential property value focused their attention on many tangible location factors which form the basis of residential property value. A critical look at these existing models and postulations revealed that residential property value is determined by many factors. It could be established that all these theories have some discrepancies as only few look at some intangible location attributes as indicators of land and landed property value. This study is aimed at developing a research framework that incorporate intangible location attributes as factors that determine and influence the values of residential properties in the study area. The research framework gives an insight into the nature of the research, that is, whether deductive or inductive approach is to be employed. It helps in identifying the research gap which the study seeks to fill in. The theoretical and conceptual framework were described and explained so as to have a clear focus in the conduct of the research. The research framework was primarily developed in order to answer all the research questions, objectives and hypothesis that might be used in the later part of the study. It can be concluded that research on the influence of intangible location attributes on the values of residential properties become imperative and essential due to the fact that few and very little research were conducted in this very important aspect of residential property value indicators. This research is absolutely a pioneering study into the effect of intangible location attributes on the values of residential properties in Jos metropolis, Nigeria. Further research efforts need to be carried out in other cities of Nigeria, to ascertain the general application of present findings.

Keywords: Conceptual Framework, Intangible Location Attributes, Residential Property Value, Theoretical Framework and Violence