Issues facing the Estate Surveying and Valuation Profession in Nigeria

The paper analyses the issues facing the real estate profession in Nigeria sourcing materials from observations of earlier researchers in the conduct of estate surveying and valuation practitioners and public opinion over time through an x-ray of the challenges faced by practitioners in the real est...

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Bibliographic Details
Published in:Business management dynamics 2011-08, Vol.1 (2), p.54
Main Authors: Oloyede, SA, Ayedun, C A, Ajibola, MO
Format: Article
Language:English
Subjects:
Valuation
Online Access:Get full text
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Summary:The paper analyses the issues facing the real estate profession in Nigeria sourcing materials from observations of earlier researchers in the conduct of estate surveying and valuation practitioners and public opinion over time through an x-ray of the challenges faced by practitioners in the real estate business. Analysis showed that the continuous influx of intruders into real estate business is as a result of inability of those registered estate surveyors and valuers to meet the local demand for their services coupled with the poor performance of some sole proprietor firms in the area of valuation accuracy. Also, Estate Surveyors and Valuers Registration Board of Nigeria need to encourage partnerships and the registration of additional estate management graduates through extensive training and rigorous accreditation standards. Admission of members, by the Board, into Fellowship grade should be through the publication of their contributions and achievements on valuation-related issues towards the growth of the profession in Nigeria.
ISSN:2047-7031