The Impact of the Rise in Religious Institutions on Residential Property Values in Bariga, Akoka, and Sabo, Lagos State, Nigeria

Abstract

The study investigates the impact of the rising number of religious institutions on residential property values in selected neighbourhoods of Bariga and Akoka/Sabo in Lagos State, Nigeria. The proliferation of churches, mosques, and other places of worship in residential areas has raised concerns about their implications for neighbourhood liveability and property market dynamics. Anchored in the Concentric Zone Theory and the Hedonic Pricing Model, the study adopted a mixed-methods approach that combined quantitative and qualitative techniques. Primary data were collected through structured questionnaires administered to 100 purposively selected respondents comprising tenants, landlords, real estate agents, and business owners located near religious institutions. Data were analysed using descriptive statistical tools such as frequencies and percentages. The findings reveal that religious institutions exert both positive and negative influences on residential property values. On the positive side, their presence stimulates economic activities, increases neighbourhood foot traffic, and raises demand for rental housing, thereby contributing to higher occupancy rates and rental values. However, the study also identifies negative externalities, including traffic congestion, noise pollution, and overcrowding, which may reduce residential desirability. The study concludes that the impact of religious institutions on residential property values is context-dependent and influenced by planning regulations, infrastructure capacity, and the scale of religious activities. It recommends improved zoning enforcement and traffic and noise management strategies to ensure sustainable coexistence between religious developments and residential neighbourhoods.