Hedonic Price Modeling of the Influence of Violent Ethno-Religious Conflict on Residential Property Values in Bauchi Metropolis, Nigeria

摘要

The study examines the influence of violent ethno religious conflict on residential property values in Bauchi, Nigeria. The hedonic price model was used to capture the variable determining residential property values in the study area. Following collinearity observed among the initial 40 variables observed, a careful backward elimination process was used to whittle the variables to 13. The results show that conflict free area is the most influential variable determining rent. The study recommends among others, that Estate Surveyors and Valuers need to give cognizance and incorporate market response to social disorder in their valuation and also strategize and analyse in more depth, before advising clients on real property investment.