Arterial Road Network And Commercial Property Values

CHAPTER ONE  INTRODUCTION   1.1 Background to the Study Transportation and property are important in physical and economic development of towns and cities all over the world. Property and land values tend to increase in areas with expanding transportation networks, and increase less rapidly in areas without such improvements. Rapid and continued rise in housing and land prices are expected in cities with transportation improvements and rapid economic and population growth (Goldberg, 1970). Man, nations, regions and the world would be severely limited in development without transportation, wh…