Empirical Verification of the Clients' Perception of the Adequacy of the Valuation Reports of Nigerian Valuers

Ayedun, C. A. and Ojo, S.A. and Akinjare, O. A. (2011) Empirical Verification of the Clients' Perception of the Adequacy of the Valuation Reports of Nigerian Valuers. Business and Social Sciences Review(BSSR), 1 (3). pp. 4-18. ISSN 2047-6485

PDF Download (1MB)

Abstract

The issue of professional valuation standards and quality of valuation reports has been subject of intensive debate at both local and international/eve/ in recent years. Studies on the subject of clients' perception of the quality of valuation reports have been extensively carried out in countries like UK, Australia and the US. However, the topic has not received much attention in most developing countries such as Nigeria. The purpose of this paper is to ascertain the perception of the clients who are the users of the valuation reports concerning the quality of valuations reports emanating from Nigerian Valuers. The survey was carried out with a view to addressing such issues regarding the quality of valuation reports with the intention of ascertaining the level of the clients satisfaction with the quality of valuations reports being given them by their professional valuers and to further identify the strengths/ weaknesses of the reports and make necessary suggestions for improvement if the views of clients suggest so. To achieve the objective of the study twenty four commercial banks and fifty property companies randomly selected were sampled in Lagos metropolis. Data collected were analyzed using descriptive statistical tools. The study revealed serious concern regarding the quality of valuation reports in Nigeria and necessary recommendations for addressing the identified problems were preferred.

Item Type:	Article
Uncontrolled Keywords:	Valuation quality, Valuation rep orts, Client Percept ions, Lagos Metropolis, Nigeria.
Subjects:	H Social Sciences > HD Industries. Land use. Labor T Technology > TA Engineering (General). Civil engineering (General) T Technology > TH Building construction
Divisions:	Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User:	Mr Solomon Bayoko
Date Deposited:	20 Mar 2014 16:33
Last Modified:	20 Mar 2014 16:33
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/2223

Actions (login required)

View Item