Land Use Changes

1.0 `INTRODUCTION 2.1 BACKGROUND OF THE STUDY The trend in property development is not however unconnected with the increased awareness in make the highest and best using up of basis resources among competing uses. According to Balowe (1978) the term ``land`` a great deal mean different things depending upon the content in which it is employ and the circumstances under which it is considered. Land takes a fundamental moment as a commodity in daily use for multi- sundry(a) purpose over the years; it has influenced and continues to influence the daily lives of Nigerians as expressed in social, economic and political organization of various communities in Nigeria. However, the property marketplace is an economic mechanism circumscribe land between competing and occasionally conflicting uses. The mechanism is often modified by State and local Government policies within the context of town planning, social requests and the distribution of income and wealth. As a means of allocating land between different uses, the market has been criticized to be inefficient because it fails to quickly meet up with the urban land uses particularly in the under-developed world.

In an increasing world-wide city like Lagos, the state Town Planning and the peeled Town Development Authority faces an uphill task of responding to the need for a total re-zoning of some residential layout like Lekki chassis 1 with a view of increasing the values of orphic and profitable land uses. The greater the accessibility of a location, the set out the economic cost of movement in terms of distance, cartridge clip and convenience the greater the comparative advantage and the greater the guide for property in the location. The increasing demand and the decreasing furnish of commercial properties are exerting some expected pressure on residential properties in Lagos. Furthermore, the nearness to transport facilities like sight stations, water /sea ways, motorways, good road network services, facilities such as commercial banks,... If you want to get a teeming essay, order it on our website: Ordercustompaper.com

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