PurposeConsidering the changing dimensions of client influence in the emerging sub-market in Nige... more PurposeConsidering the changing dimensions of client influence in the emerging sub-market in Nigeria, different from previous general insinuations, this article examines the new strategies adopted by clients to influence estate surveyors and valuers (ESVs), factors that predispose ESVs to client influence and the effects of clients' influence on valuation outcomes and real estate markets in emerging sub-market, using Ibadan market as the study area.Design/methodology/approachThe paper is situated within a client influence assessment framework, modified to reflect contextual incidents. Contextualization was made possible with the involvement of both practitioners and academic researchers. Validated copies of the questionnaire were administered to the registered practicing ESVs in an intact group during their monthly state (provincial) meeting and through direct delivery at their firms. Data collected were analyzed using descriptive and inferential statistics.FindingsContrary to t...
Purpose The pricing of professional service has been identified as one of the factors influencing... more Purpose The pricing of professional service has been identified as one of the factors influencing the quality of service and willingness of clients to pay. However, the issue of service pricing is hardly seen as an object of discourse in real estate literature, especially among valuation studies, as it is obtainable in other fields. In Nigeria, it has become the practice for some sets of clients, especially financial institutions, to fix valuers’ remuneration based on the fact that these clients have market advantage. This practice and some other issues around pricing of valuers’ services have been going on for some years with little or no research insights from academics. The purpose of this paper is to examine the pricing system of valuation services within the Lagos property market with the aim of providing information to better valuation practice. Design/methodology/approach This study assumes an interpretive paradigm and adopts a qualitative research approach. In-depth semi-str...
The argument in the recent time was that the past strategies of the government in housing provisi... more The argument in the recent time was that the past strategies of the government in housing provision were obviously in favour of high income groups as the low-medium groups are victims of housing inadequacy in cities. The corollary to the situation resulted to the call for the adoption of public private partnership (PPP) initiative in order to accomplish the broad goal of housing-for-all in Nigeria. Most recent studies have established that there is no substantial contribution reported from the initiative, as the housing outputs are only affordable at present by high income groups, thus there is a need for a policy framework to ensure an effective PPP in urban housing provision. The aim of this paper is to suggest a policy framework for the way forward- the approach that is based on both theoretical and conceptual model, as related to Nigeria housing provision structure. This study utilises existing empirical studies, reports and theoretical concepts. It also utilises the responses f...
Purpose This study aims to investigate the influence of socioeconomic characteristics as well as ... more Purpose This study aims to investigate the influence of socioeconomic characteristics as well as organisational profile as predictors of the organisational and career commitments of real estate employees in the employment of private estate surveying and valuation firms. Design/methodology/approach A total of 333 closed-ended questionnaires were administered on estate surveyors and valuers practicing in private real estate firms in Lagos State, Nigeria, out of which 124 (37.2%) were retrieved and found suitable for analysis. The data were analysed using frequencies, percentage, mean rating, one sample t-test and ANOVA. Findings The findings showed that though the male real estate employees rated a higher level of organisational commitment than their female counterparts, the female employees showed a higher level of career commitment. Besides, the results showed that across both genders and on an overall basis, there was a significant relationship between career commitment and organis...
Purpose Real estate professionals are a vital resource to the property firms and the industry at ... more Purpose Real estate professionals are a vital resource to the property firms and the industry at large. Employees’ skills, knowledge and competence contribute in great measure to organization’s business performance. The purpose of this paper is to examine the adequacy of core knowledge and soft skills possessed by professional employees within the Nigerian real estate practicing firms. It also assesses the performance of the employees and establishes the correlation among the soft skills possessed by employees. Design/methodology/approach Data for this study were elicited through the administration of questionnaires on principal partners/branch managers (the employers) of the practicing estate surveying and valuation firms in Lagos metropolis. Data collected were analyzed using descriptive statistics, one-sample t-test and correlation analysis. Findings The result indicates that employees of estate firms in Nigeria demonstrate adequate knowledge in ten out of 21 core areas of real e...
Purpose The purpose of this paper is to examine the extent to which variations in gender, socioec... more Purpose The purpose of this paper is to examine the extent to which variations in gender, socioeconomic and academic background influence real estate students’ academic performance in Nigeria. Design/methodology/approach Data for the study were collected using self-administered questionnaire, served on final year real estate students in two of the three Federal universities offering real estate as a course in Southwestern Nigeria. Data collected were analyzed using mean, frequency count, percentages, independent t-test, correlation and analysis of variance. Findings The result of the study suggests there is no statistically significant difference in the academic performance of Nigerian real estate students based on gender and socioeconomic background. Research limitations/implications The study has been limited to the sensitivity of either gender to possibly constraining socioeconomic and academic factors that might have served as barriers, especially among female students, in achie...
Journal of Facility Management Education and Research
Facilities play a vital role in the attraction and retention of quality staff and students in ter... more Facilities play a vital role in the attraction and retention of quality staff and students in tertiary institution. Hence, the perception of these facilities users is important in assessing Facilities Management (FM) services. Few studies exist in Nigeria on FM practice in tertiary institutions. Therefore, this study investigated the perception of staff and students on FM services within the campus of one of the foremost public universities in Nigeria. This study utilised survey approach by eliciting data from staff and students through self-administered questionnaire. Data collected were analysed using descriptive statistics, factor analysis, and independent sample t-test. It was found that staff and students were more satisfied with cleaning and security services than other FM services in the study area. A significant difference was also found between the perception of staff and that of students over five out of nine categories of FM services while staff were more satisfied in in ...
Abstract The purpose of this study is to evaluate the management of students’ housing mainte-nanc... more Abstract The purpose of this study is to evaluate the management of students’ housing mainte-nance in Nigerian tertiary institutions. By identifying which factors mainly affect the maintainability of student housing, stakeholders in the management and maintenance of students’ housing can be in position to preserve the existing stock and ensure that the maintenance costs for housing maintenance are minimized. Questionnaires were adminis-tered on forty four (44) senior officers in the works and maintenance departments, PPDUs and Housing Allocation Committees of two first generation Nigerian universities. Data were analyzed using frequency distribution, percentages and Relative Impact Index (RII). The results indicate that absorption of illegal occupants (x=5.2500), building age and depreciation rate (x=4.7000), non-commitment of government to rehabilitation and maintenance of student housing (x=4.7250), inadequate monitoring and poor post maintenance evaluation (x=4.700), high cost of...
Abstract The purpose of this study is to evaluate the management of students’ housing mainte-nanc... more Abstract The purpose of this study is to evaluate the management of students’ housing mainte-nance in Nigerian tertiary institutions. By identifying which factors mainly affect the maintainability of student housing, stakeholders in the management and maintenance of students’ housing can be in position to preserve the existing stock and ensure that the maintenance costs for housing maintenance are minimized. Questionnaires were adminis-tered on forty four (44) senior officers in the works and maintenance departments, PPDUs and Housing Allocation Committees of two first generation Nigerian universities. Data were analyzed using frequency distribution, percentages and Relative Impact Index (RII). The results indicate that absorption of illegal occupants (x=5.2500), building age and depreciation rate (x=4.7000), non-commitment of government to rehabilitation and maintenance of student housing (x=4.7250), inadequate monitoring and poor post maintenance evaluation (x=4.700), high cost of...
Issues bothering on valuation of properties with trading potential have been a focal and controve... more Issues bothering on valuation of properties with trading potential have been a focal and controversial debate among academia and practitioners in real estate industry globally. The aim of this paper is to investigate the cogent pitfalls surrounding the valuation exercise of properties which share the attributes of both special service and income generating advantages. To achieve this aim, findings from previous studies and provisions of Valuation Standards/Guidance Notes are utilized in determining the nature of and challenges involved in valuation of property with trading potential. It is found that the major pitfalls include problem of differentiating between personal goodwill and transferable goodwill; issues with books of accounts; handling of possible effects of change in market circumstances; assumption of going-concern basis; problem of methodology; and issues with apportionment of net profit and choice of capitalisation rate, among others. The paper concludes with recommendations.
PurposeConsidering the changing dimensions of client influence in the emerging sub-market in Nige... more PurposeConsidering the changing dimensions of client influence in the emerging sub-market in Nigeria, different from previous general insinuations, this article examines the new strategies adopted by clients to influence estate surveyors and valuers (ESVs), factors that predispose ESVs to client influence and the effects of clients' influence on valuation outcomes and real estate markets in emerging sub-market, using Ibadan market as the study area.Design/methodology/approachThe paper is situated within a client influence assessment framework, modified to reflect contextual incidents. Contextualization was made possible with the involvement of both practitioners and academic researchers. Validated copies of the questionnaire were administered to the registered practicing ESVs in an intact group during their monthly state (provincial) meeting and through direct delivery at their firms. Data collected were analyzed using descriptive and inferential statistics.FindingsContrary to t...
Purpose The pricing of professional service has been identified as one of the factors influencing... more Purpose The pricing of professional service has been identified as one of the factors influencing the quality of service and willingness of clients to pay. However, the issue of service pricing is hardly seen as an object of discourse in real estate literature, especially among valuation studies, as it is obtainable in other fields. In Nigeria, it has become the practice for some sets of clients, especially financial institutions, to fix valuers’ remuneration based on the fact that these clients have market advantage. This practice and some other issues around pricing of valuers’ services have been going on for some years with little or no research insights from academics. The purpose of this paper is to examine the pricing system of valuation services within the Lagos property market with the aim of providing information to better valuation practice. Design/methodology/approach This study assumes an interpretive paradigm and adopts a qualitative research approach. In-depth semi-str...
The argument in the recent time was that the past strategies of the government in housing provisi... more The argument in the recent time was that the past strategies of the government in housing provision were obviously in favour of high income groups as the low-medium groups are victims of housing inadequacy in cities. The corollary to the situation resulted to the call for the adoption of public private partnership (PPP) initiative in order to accomplish the broad goal of housing-for-all in Nigeria. Most recent studies have established that there is no substantial contribution reported from the initiative, as the housing outputs are only affordable at present by high income groups, thus there is a need for a policy framework to ensure an effective PPP in urban housing provision. The aim of this paper is to suggest a policy framework for the way forward- the approach that is based on both theoretical and conceptual model, as related to Nigeria housing provision structure. This study utilises existing empirical studies, reports and theoretical concepts. It also utilises the responses f...
Purpose This study aims to investigate the influence of socioeconomic characteristics as well as ... more Purpose This study aims to investigate the influence of socioeconomic characteristics as well as organisational profile as predictors of the organisational and career commitments of real estate employees in the employment of private estate surveying and valuation firms. Design/methodology/approach A total of 333 closed-ended questionnaires were administered on estate surveyors and valuers practicing in private real estate firms in Lagos State, Nigeria, out of which 124 (37.2%) were retrieved and found suitable for analysis. The data were analysed using frequencies, percentage, mean rating, one sample t-test and ANOVA. Findings The findings showed that though the male real estate employees rated a higher level of organisational commitment than their female counterparts, the female employees showed a higher level of career commitment. Besides, the results showed that across both genders and on an overall basis, there was a significant relationship between career commitment and organis...
Purpose Real estate professionals are a vital resource to the property firms and the industry at ... more Purpose Real estate professionals are a vital resource to the property firms and the industry at large. Employees’ skills, knowledge and competence contribute in great measure to organization’s business performance. The purpose of this paper is to examine the adequacy of core knowledge and soft skills possessed by professional employees within the Nigerian real estate practicing firms. It also assesses the performance of the employees and establishes the correlation among the soft skills possessed by employees. Design/methodology/approach Data for this study were elicited through the administration of questionnaires on principal partners/branch managers (the employers) of the practicing estate surveying and valuation firms in Lagos metropolis. Data collected were analyzed using descriptive statistics, one-sample t-test and correlation analysis. Findings The result indicates that employees of estate firms in Nigeria demonstrate adequate knowledge in ten out of 21 core areas of real e...
Purpose The purpose of this paper is to examine the extent to which variations in gender, socioec... more Purpose The purpose of this paper is to examine the extent to which variations in gender, socioeconomic and academic background influence real estate students’ academic performance in Nigeria. Design/methodology/approach Data for the study were collected using self-administered questionnaire, served on final year real estate students in two of the three Federal universities offering real estate as a course in Southwestern Nigeria. Data collected were analyzed using mean, frequency count, percentages, independent t-test, correlation and analysis of variance. Findings The result of the study suggests there is no statistically significant difference in the academic performance of Nigerian real estate students based on gender and socioeconomic background. Research limitations/implications The study has been limited to the sensitivity of either gender to possibly constraining socioeconomic and academic factors that might have served as barriers, especially among female students, in achie...
Journal of Facility Management Education and Research
Facilities play a vital role in the attraction and retention of quality staff and students in ter... more Facilities play a vital role in the attraction and retention of quality staff and students in tertiary institution. Hence, the perception of these facilities users is important in assessing Facilities Management (FM) services. Few studies exist in Nigeria on FM practice in tertiary institutions. Therefore, this study investigated the perception of staff and students on FM services within the campus of one of the foremost public universities in Nigeria. This study utilised survey approach by eliciting data from staff and students through self-administered questionnaire. Data collected were analysed using descriptive statistics, factor analysis, and independent sample t-test. It was found that staff and students were more satisfied with cleaning and security services than other FM services in the study area. A significant difference was also found between the perception of staff and that of students over five out of nine categories of FM services while staff were more satisfied in in ...
Abstract The purpose of this study is to evaluate the management of students’ housing mainte-nanc... more Abstract The purpose of this study is to evaluate the management of students’ housing mainte-nance in Nigerian tertiary institutions. By identifying which factors mainly affect the maintainability of student housing, stakeholders in the management and maintenance of students’ housing can be in position to preserve the existing stock and ensure that the maintenance costs for housing maintenance are minimized. Questionnaires were adminis-tered on forty four (44) senior officers in the works and maintenance departments, PPDUs and Housing Allocation Committees of two first generation Nigerian universities. Data were analyzed using frequency distribution, percentages and Relative Impact Index (RII). The results indicate that absorption of illegal occupants (x=5.2500), building age and depreciation rate (x=4.7000), non-commitment of government to rehabilitation and maintenance of student housing (x=4.7250), inadequate monitoring and poor post maintenance evaluation (x=4.700), high cost of...
Abstract The purpose of this study is to evaluate the management of students’ housing mainte-nanc... more Abstract The purpose of this study is to evaluate the management of students’ housing mainte-nance in Nigerian tertiary institutions. By identifying which factors mainly affect the maintainability of student housing, stakeholders in the management and maintenance of students’ housing can be in position to preserve the existing stock and ensure that the maintenance costs for housing maintenance are minimized. Questionnaires were adminis-tered on forty four (44) senior officers in the works and maintenance departments, PPDUs and Housing Allocation Committees of two first generation Nigerian universities. Data were analyzed using frequency distribution, percentages and Relative Impact Index (RII). The results indicate that absorption of illegal occupants (x=5.2500), building age and depreciation rate (x=4.7000), non-commitment of government to rehabilitation and maintenance of student housing (x=4.7250), inadequate monitoring and poor post maintenance evaluation (x=4.700), high cost of...
Issues bothering on valuation of properties with trading potential have been a focal and controve... more Issues bothering on valuation of properties with trading potential have been a focal and controversial debate among academia and practitioners in real estate industry globally. The aim of this paper is to investigate the cogent pitfalls surrounding the valuation exercise of properties which share the attributes of both special service and income generating advantages. To achieve this aim, findings from previous studies and provisions of Valuation Standards/Guidance Notes are utilized in determining the nature of and challenges involved in valuation of property with trading potential. It is found that the major pitfalls include problem of differentiating between personal goodwill and transferable goodwill; issues with books of accounts; handling of possible effects of change in market circumstances; assumption of going-concern basis; problem of methodology; and issues with apportionment of net profit and choice of capitalisation rate, among others. The paper concludes with recommendations.
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