A Study on the Impact of University of Nizwa (Oman) on Housing

Abstract

Universities make significant contributions to their local economies generating external income and jobs and support local economic regeneration by enhancing the image of the area, inducing inward investment, improving the skills base, encouraging technology and non-technology transfer and contributing to the quality of life to social and community life through number of ways whereas there exist unavoidable side effects which leaves negative shadows on the environment.This paper attempts to highlight the negative impacts of the University of Nizwa especially in relates to the price effects on Housing (escalation of prices in the housing sector). The empirical results reveales that though the impact of University of Nizwa in the vicinity around University of Nizwa is high, due to the upcoming of University of Nizwa resulted in a negative impact on housing prices as well. It also revealed that the impact did not effect much as expected, it was controlled by the University of Nizwa on its own measures. Further the paper confirmed the effect which was by the major impact of the inflation effect.