Staff View: Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach

Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach

This paper evaluates how households consider environmental attributes alongside other housing attributes in their residential location decisions along the coastline in Victoria Island, Nigeria. The data were obtained from tenants� revealed preference surveys where 204 respondents rated 15 identified...

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Main Authors:	Ayoola A.B., Oyetunji A.K., Amaechi C.V., Olukolajo M.A., Ullah S., Kemiki O.A.
Other Authors:	57893257200
Format:	Article
Published:	MDPI 2024
Subjects:	built environment coastal area construction industry housing attributes real estate decision residential location choice stakeholder tenants
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spelling	my.uniten.dspace-341952024-10-14T11:18:23Z Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach Ayoola A.B. Oyetunji A.K. Amaechi C.V. Olukolajo M.A. Ullah S. Kemiki O.A. 57893257200 57192178716 57204818354 57226273923 57214045916 57189493330 built environment coastal area construction industry housing attributes real estate decision residential location choice stakeholder tenants This paper evaluates how households consider environmental attributes alongside other housing attributes in their residential location decisions along the coastline in Victoria Island, Nigeria. The data were obtained from tenants� revealed preference surveys where 204 respondents rated 15 identified and most common key factors in the order by which they influence their residential location choices. The factor analytical approach was then applied to understand how these factors influence such decisions. Thus, this study also gives bearing to the factors considered in making policy and/or investment decisions around residential location choice (RLC). The results revealed the presence of four key components with a total variance of 70.76%. Among the components, neighbourhood, critical dwelling cum socio-economic attributes are found to have a significant influence in explaining 39.78% of the variation in the factors influencing the study area�s selection as the residential location choice (RLC) for households. The findings have implications for households� residential location choices. For residential locations to be equally attractive to tenants, policymakers and urban planners should pay attention to addressing the menace of the neighbourhoods including crime and traffic congestion. Moreover, property owners should respond to tenants� needs by paying attention to the provision of utility facilities such as portable water and an appropriate mix of toilet/bathrooms to available bedrooms. � 2023 by the authors. Final 2024-10-14T03:18:23Z 2024-10-14T03:18:23Z 2023 Article 10.3390/buildings13061513 2-s2.0-85163736513 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85163736513&doi=10.3390%2fbuildings13061513&partnerID=40&md5=cad0a48c777d779a06482bbb5fd16373 https://irepository.uniten.edu.my/handle/123456789/34195 13 6 1513 All Open Access Gold Open Access MDPI Scopus
institution	Universiti Tenaga Nasional
building	UNITEN Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Tenaga Nasional
content_source	UNITEN Institutional Repository
url_provider	http://dspace.uniten.edu.my/
topic	built environment coastal area construction industry housing attributes real estate decision residential location choice stakeholder tenants
spellingShingle	built environment coastal area construction industry housing attributes real estate decision residential location choice stakeholder tenants Ayoola A.B. Oyetunji A.K. Amaechi C.V. Olukolajo M.A. Ullah S. Kemiki O.A. Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach
description	This paper evaluates how households consider environmental attributes alongside other housing attributes in their residential location decisions along the coastline in Victoria Island, Nigeria. The data were obtained from tenants� revealed preference surveys where 204 respondents rated 15 identified and most common key factors in the order by which they influence their residential location choices. The factor analytical approach was then applied to understand how these factors influence such decisions. Thus, this study also gives bearing to the factors considered in making policy and/or investment decisions around residential location choice (RLC). The results revealed the presence of four key components with a total variance of 70.76%. Among the components, neighbourhood, critical dwelling cum socio-economic attributes are found to have a significant influence in explaining 39.78% of the variation in the factors influencing the study area�s selection as the residential location choice (RLC) for households. The findings have implications for households� residential location choices. For residential locations to be equally attractive to tenants, policymakers and urban planners should pay attention to addressing the menace of the neighbourhoods including crime and traffic congestion. Moreover, property owners should respond to tenants� needs by paying attention to the provision of utility facilities such as portable water and an appropriate mix of toilet/bathrooms to available bedrooms. � 2023 by the authors.
author2	57893257200
author_facet	57893257200 Ayoola A.B. Oyetunji A.K. Amaechi C.V. Olukolajo M.A. Ullah S. Kemiki O.A.
format	Article
author	Ayoola A.B. Oyetunji A.K. Amaechi C.V. Olukolajo M.A. Ullah S. Kemiki O.A.
author_sort	Ayoola A.B.
title	Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach
title_short	Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach
title_full	Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach
title_fullStr	Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach
title_full_unstemmed	Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach
title_sort	determining residential location choice along the coastline in victoria island, nigeria using a factor analytical approach
publisher	MDPI
publishDate	2024
_version_	1814060070129893376
score	13.211869

Determining Residential Location Choice along the Coastline in Victoria Island, Nigeria Using a Factor Analytical Approach

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