ABSTRACT The study examined wetland valuation practice for compensation in the Niger Delta, Nigeria. The primary data used for the study were obtained from questionnaire administered on 120 respondent Estate Surveying and Valuation firms in the study area. Personal and/or telephone interviews were conducted on the Heads of Department of Estate Management of the various Universities offering Estate Management in the Southern part of Nigeria, to ascertain whether environmental valuation is bei...
ABSTRACT Against the recent increasing criticism against the reliability and consistency of investment method of valuation practice in the country, this study examined the professional ability of estate surveyors and valuers at interpreting the selling prices of residential properties in the open market in the Lagos metropolis with a view to either invalidate or validate the claim. In an attempt to satisfy the objective of the study, questionnaires backed up with interviews, were adminis...
ABSTRACT The study examined the use of facilities management as a potent management tool in hotel asset management within six States of South-Western geo-political zone of Nigeria. The aim of the study is to investigate the degree of beneficial application of facilities management principles in the management of hotel organizations in the study area with a view to curtail widespread disinvestment. The population of the study comprised of all hotels within the six States namely Ekiti, Lago...
ABSTRACT This study was undertaken to analysis the arterial road network and commercial property values in Ikeja, Nigeria. This was with a view to conducting detailed investigation into the relationship between arterial road network in the presence or absence of other variables and commercial property values in the city. In attaining the stated aim and objectives of the study, two hypotheses were formulated and tested. The hypotheses are that there is no significant relationship betwee...
ABSTRACT The study addressed the gap in research on heuristics in valuation which has hitherto been confined to only anchoring and adjustment heuristics at the neglect of the other three major types of heuristics, namely availability, representative and positivity heuristics. The aim of this work was accordingly to investigate the nature and conduct of all four types of heuristics amongst Nigerian valuers with a view to ascertaining possible effects on valuation accuracy. The specific objecti...
ABSTRACT The study examined the use of facilities management as a potent management tool in hotel asset management within six States of South-Western geo-political zone of Nigeria. The aim of the study is to investigate the degree of beneficial application of facilities management principles in the management of hotel organizations in the study area with a view to curtail widespread disinvestment. The population of the study comprised of all hotels within the six States namely Ekiti, Lag...
ABSTRACT The study addressed the gap in research on heuristics in valuation which has hitherto been confined to only anchoring and adjustment heuristics at the neglect of the other three major types of heuristics, namely availability, representative and positivity heuristics. The aim of this work was accordingly to investigate the nature and conduct of all four types of heuristics amongst Nigerian valuers with a view to ascertaining possible effects on valuation accuracy. The specific object...
ABSTRACT The study evaluated the success rate of co-operative societies in housing provision in Lagos State, Nigeria. The aim of the study was to investigate how well or badly, cooperative societies have fared in meeting the housing needs of their members. The population of the study comprised of the 1,415 registered co-operative societies as contained in the Directory of co-operative societies in Lagos State (2011). The sample frame consisted of staff co-operative societies that are organiz...
ABSTRACT Besides its other potentially grave consequences, inaccurate valuation is inimical to healthy development of the property market
1.1 Background to the Study It was in 1987, in the wake of some well publicized research works by actuaries Hager and Lord that Drivers Jonas first sponsored Investment Property Databank (IPD) to carry out detailed research into valuation accuracy in the United Kingdom. The Royal Institution of Chartered Surveyors (RICS), as the valuers’ professional body, later took over the role of sponsor. In doing so, they were adopting one of the principal recommendations of Sir Bryan Carlsberg...