Factors Influencing Property Values in Gated and Non-Gated Estates

The aim of the study is to compare residential property values between gated and non-gated estates in Abuja, Nigeria with a view to providing information that will enhance investment decision-making; assessed the physical features of both estate types; and explore factors influencing property values. Data were collected through structured questionnaires administered to estate firms and residents using simple random sampling. Out of 218 questionnaires given to firms, 156 were retrieved, while 213 were recovered from 320 distributed to residents. The study utilized the use of frequency distribution table, mean score analysis and factor analysis using factor analysis, the study findings show clear contrasts between the factors influencing residential preferences in gated and non-gated communities. In gated communities, the leading factors are controlled access and exclusive services, socioeconomic profile of residents and social status or prestige, emphasizing security, exclusivity and social class. In non-gated communities, however, neighborhood crime rates, market demand and resident demographics are most significant, highlighting concerns for safety, affordability and accessibility. The study recommends that policymakers and investors consider macroeconomic indicators such as inflation, living costs and post-pandemic population shifts when making decisions related to residential real estate. Overall, gated communities exhibit more stable and higher valuation outcomes, especially for two- and threebedroom flats, reflecting their appeal among security-conscious and economically empowered residents.