Estate Management - Conference Papers

Permanent URI for this collection

https://ir.unilag.edu.ng/handle/123456789/3698

Browse

Browsing Estate Management - Conference Papers by Author "Babawale, G. K."

Now showing 1 - 4 of 4
  • Item
    Open Access
    Amicable Resolution to the Seeming Impasse on the Lagos State Land Use Charge (LUC) 2018
    (Published by Department of Estate Management, University of Lagos, 2018-04-15) Babawale, G. K.
  • Item
    Open Access
    An Empirical Investigation of the Trends in Real Estate Research in Nigeria.
    (Published by Department of Estate Management, University of Lagos, 2016-08) Babawale, G. K.; Emele, C.R
    This study investigated the trends in real estate research in Nigeria using such parameters as research methodology, research topics, and authorship, among others, with the goal of unveiling the extent to which real estate research in Nigeria aligns with global trends and the relevance of research findings to the needs of the local market place. The study adopted both thematic content analysis of 138 papers published in the Estate Surveyor and Valuer, the official journal of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) between 2002 and 2014. It also includes the analysis of responses to questionnaire survey involving 109 practicing firms of Estate Surveyors and Valuers in Lagos metropolis using descriptive statistics. It was found that while majority of the practitioners showed interest in research findings reported in the journal; a large number considered the scope of the subjects covered by the Journal as too narrow; while the reporting of the findings including the recommendations were perceived as rather too abstract or technical offering limited practical relevance and applicability. These findings suggest that the much needed synergy between researchers and practitioners is lacking as either side is apparently moving in different direction. The study therefore recommended closer collaboration for dedicated research between the private sector and academics preferably on the platform of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) or the Estate Surveyors and Valuers Registration board of Nigeria (ESVARBON). In the light of global standards and best practices, it is recommended that each edition of the journal should be dedicated to specific aspect of real estate theory and practice and that priority should be given primarily to contemporary issues at both the local and global levels.
  • Item
    Open Access
    Integrating Sustainability into Real Estate Valuation Process: A Nigerian Perspective.
    (2013-05) Babawale, G. K.; Oyalowo, B.A
    The paper sought the perception of Nigerian real estate valuers on sustainable development and how sustainability can be integrated into real estate valuation process in Nigeria. One hundred and sixty Estate Surveyors and Valuers were asked, among others, to rate the significance of a range of sustainability features on the market value of a hypothetical property based on the social, economic and environmental features that make up the triple bottom line of sustainability. The study showed evidences of a growing awareness of the need to mainstream sustainability into the real estate valuation process: though majority of the respondents tended to define real estate sustainability only in terms of its social features leaving out the economic and the environmental features. Nigerian valuers are therefore enjoined to broaden and improve on their present knowledge of sustainability to enable them account for the phenomenon in their valuations as appropriate. The study identified the investors, the government, property occupier, and the estate surveyor and valuer (appraiser), in that order, as the frontline drivers of the sustainability crusade in the country.
  • Item
    Open Access
    The Making of Expert Witness: The Valuer’s Perspective
    (2016-02) Babawale, G. K.
    This paper examines the role of the expert witness in the process of justice administration. As the saying goes, not all 'experts' make good 'expert witness' as there is more to being an 'expert witness' than there is to being an 'expert'. That is, being an 'expert witness' does not necessarily connote that the witness is an expert in giving evidence but rather in the matter his evidence is about. In other words, to become an 'expert witness' in reality, a Valuer requires additional attributes outside what is traditionally available to him in his academic training and professional tutelage. Among others, he would need to acquaint himself with court procedure and the court standards for expert witness; he requires instruction on how to put together his proof of evidence and deposition, how to marshal his points and conduct himself including his limitations while in the witness box. Presently, neither the academic nor the professional examination syllabuses for the training of Valuers in Nigeria make adequate provisions for these additional instructions. This study is a modest contribution aimed at bridging this gap. The paper further examines the paradigm shift that is currently unfolding globally in expert witnessing and testimony; while it offers suggestions on how Nigerian Valuers can improve on their performance in this increasingly popular area of their vocation. The author has drawn largely on his vast experience as expert witness spanning over two decades and has brought him before different judges on matters ranging from rent disputes to compensation for oil spillage at both the Federal and State High Courts in several states. Beside adequate personal preparation by Valuers, the paper recommends systemic changes including appropriate sanctions, legislations, mandatory professional standards and specialization to enhance Valuers' performance, forestall willful abuses and eliminate observed lapses.