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The Obstacles To Real Estate Valuation Best Practice In Nigeria
The consensus of researchers is that property valuations are generally not accurate estimates of market values for a variety of reasons. Real estate valuation practice is impacted by the level of economic development, national and regional peculiarities with country specific differences having influence on appraisal and creativity in valuation methods. The study is a descriptive research work bordering on the survey studies’ approach. Study population consists of recognized firms of estate valuers with the non-probability purposive sampling technique adopted and sample size of 176 derived from the formula developed by Cochran. Response rate for the exercise was 61.4% whilst data was analys
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