0704-883-0675     |      dataprojectng@gmail.com

ANALYSIS OF ADHERENCE TO VALUATION STANDARDS AND PROPERTY VALUE CERTIFICATION BY ESTATE SURVEYING AND VALUATION FIRMS IN LAGOS, NIGERIA

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

ABSTRACT

The issue of professional valuation standards and the quality of valuation reports has been the focus of considerable attention not only in Nigeria but also internationally in recent years. The aim of this study is to investigate the level of adherence to valuation standards and property value certification by Estate Surveying and Valuation firms in Lagos, Nigeria with a view to establishing a mechanism for improving compliance level to valuation standards and property value certification in Nigeria. A mix survey approach of descriptive and inferential statistics was adopted in collecting data for this study. The study was also complemented with the content analysis approach of valuations reports retrieved from the study area which was used to adjudge extent of compliance to property value certification with prescribed valuation standards. The data gathered through a structured questionnaire and content analysis of 100 retrieved valuation reports was also used. Result of analysis shows that the level of awareness to valuation standard was 97%. It further shows that the extent of adherence was 95%, while 26% do not use any valuation standard manual. Furthermore, 45% of respondents do not include property value certification statement in their report in compliance with minimum reporting standard. The study also revealed that the relationship between the level of adherence to valuation standard and property value certification have a strong positive correlation which interprets that the two variables are positively related and move in the same direction; but at slightly different magnitude. The study recommended that the regulatory body should follow up the set standards in the Green book by enforcement and imposition of sanctions on the erring members after maximum awareness of and use of the Green book must have been created among the members.

 





Related Project Materials

DESIGN AND IMPLEMENTATION OF PRODUCTS EXPIRY ALERT MANAGEMENT SYSTEM

ABSTRACT

There are many products management systems which has realized the documentation and control of large goods, so...

Read more
AN INVESTIGATION INTO THE CHALLENGES OF POLLUTION AND AN ENGINEERING METHODS TO THE MANAGEMENT AND CONTROL OF INDUSTRIAL EFFLUENTS IN OTTA, NIGERIA

ABSTRACT

This study examined the effects of effluent discharges from various point-loads on a purposively selected recei...

Read more
THE ROLE OF VOCATIONAL EDUCATION IN PROMOTING SUSTAINABLE TOURISM DEVELOPMENT

ABSTRACT: The role of vocational education in promoting sustainable tourism development is vital for fostering responsible tourism practices a...

Read more
THE ANALYSIS OF THE IMPACT OF VALUE ADDED TAX ON REVENUE GENERATION IN NIGERIA (2000–2009)

BACKGROUND OF THE STUDY

Prior to 1993, only very little was known of Value Added Tax (VAT) in Nigeria....

Read more
THE INFLUENCE OF COST OPTIMIZATION ON BUSINESS PROFITABILITY

ABSTRACT

THE INFLUENCE OF COST OPTIMIZATION ON BUSINESS PROFITABILITY

This study examines the influence of cost optimization on...

Read more
THE ROLE OF HUMAN RESOURCE IN ORGANIZATIONAL PERFORMANCE

Background to the Study

Human resource management is concerned with the supervision and controlling of...

Read more
EFFECTS OF HUMAN AND MATERIAL RESOURCES IN THE TEACHING AND LEARNING OF AGRICULTURAL SCIENCE IN JUNIOR SECONDARY SCHOOLS  

ABSTRACT

 

This study assessed effects of human and material resources in the teaching and learning of agricultural scie...

Read more
JURISPRUDENTIAL ANALYSIS OF HOMOSEXUALITY AND SAME SEX MARRIAGES: SUPPORTING THE NIGERIAN PERSPECTIVE

ABSTRACT

Homosexuality is the romantic attraction, sexual attraction or sexua...

Read more
INFLUENCE OF INFORMATION SOURCES ON KNOWLEDGE, ATTITUDE AND PRACTICE OF EXCLUSIVE BREASTFEEDING AMONG NURSING MOTHERS

ABSTRACT

This study was conducted to assess the influence of information sources on knowledge and attitude of nursing mother...

Read more
THE IMPACT OF SMALL AND MEDIUM ENTERPRISES FINANCING ON POVERTY REDUCTION IN NIGERIA

ABSTRACT

Nigeria, like other developing countries, has continued to grapple with the menace of poverty...

Read more
Share this page with your friends




whatsapp