Estate Management - Scholarly Publications

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    Open Access
    Estate Surveyors and Valuers’ Perception of the Role of Big Data in Property Marketing in Lagos, Nigeria
    (International Journal of Real Estate Studies, 2022-06) Oluwunmi, A.O; Role, B.A; Umeh, O.L
    Property marketing in Nigeria has frequently been characterised by unique challenges due to inadequate and unreliable data. In recent times, big data has presented a wide range of solutions to contemporary issues in different industries, including real estate. Notwithstanding, there is a paucity of practical studies on the role of big data in property marketing of many developing nations, including Nigeria. Hence, there is a need to investigate the role of big data in transforming property marketing in Nigeria. The aim of this study is therefore to investigate Estate Surveyors and Valuers’ (ESVs) perception of the role of big data in property marketing in Lagos, Nigeria. 82 questionnaires were administered to ESVs in the study area and 55 (67%) of them were found useful for analysis. The data were analysed using frequency, percentage, mean and relative importance index. The results revealed that out of 9 possible roles of big data in property marketing, the 2 most notable ones are that real estate firms can execute laser-focused marketing strategies; and they can match demand with supply. These outcomes distinctly disclosed the merits of adopting big data in marketing properties. The implication of these findings is that big data has the potential of reducing fraud due to the presence of sufficient and reliable data in the property market. This study concludes that big data is a worthy addition to the toolset of real estate practitioners, particularly with respect to property marketing, and wholly recommends its adoption.
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    Open Access
    Shopping Mall Patronage: A Review of Predictive Factors
    (Covenant Journal of Research in the Built Environment (CJRBE), 2022-06-30) Oluwunmi, A.O; Umeh, O.L; Role, B.A
    Given the increasing popularity of shopping malls globally, it is vital for would-be investors and their consultants (bankers, estate surveyors and valuers, among others) to examine the critical variables for the feasibility and viability of such an investment. Taking this into consideration, a systematic review of prior studies on shopping malls was conducted with the aim of highlighting the factors predicting patronage. To accomplish this aim, the researchers reviewed papers published within a ten-year period. According to the summary, research on shopping malls has gotten a lot of attention, especially in developing countries. The study also discovered that, in both developed and developing countries, income, location, accessibility, and price are the most important factors influencing mall patronage. In conclusion, shopping mall stakeholders should consider using the fifteen variables highlighted in this study as an investment guide.
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    Open Access
    Transformative Technologies for Facility Management Professionals: A Technical Review
    (JOURNAL OF SCIENCE TECHNOLOGY AND EDUCATION, 2022) Oluwunmi, A.O
    Globally, the facility management (FM) profession has seen significant transformations. The role of FM professionals has moved beyond simply managing facilities to creating, implementing, and maintaining strategic value in facilities by utilizing technology. FM professionals - particularly in developing countries - must develop the capacity to boost business performance by leveraging relevant technologies. Taking this into account, this study conducted a thorough evaluation of the literature on FM technologies published in both developed and developing nations. Materials were reviewed on technologies that can potentially transform the FM profession (that is, FM technologies). The findings revealed that Building Information Modeling (BIM) and the Internet of Things (IoT) accounted for the larger percentage (58%) of research efforts. Moreover, the review also showed that research efforts on FM technologies are recent because a lot of materials (53%) on the topic were published between 2021 and 2022. It was suggested that FM professionals keep an eye out for emerging technologies that can help them manage buildings, people and processes more efficiently, while also boosting business performance and occupiers’ satisfaction. This research will help in achieving the United Nations' Sustainable Development Goal (SDG) number 9 (Industry, Innovation, and Infrastructure).
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    Open Access
    Influence of Office Layout on Academic Staff Performance in Covenant University, Ota
    (2022) Oluwunmi, A.O; Gbarayeghe, N.V
    Previous research has indicated that it is critical to regularly monitor academic staffperformance in higher educational institutions. This is because it has an inevitable and continuous impact on both organisational and student academic performance. Taking this into consideration, this study, with a focus on the academic staff of Covenant University, Ota, Ogun State, Nigeria, evaluated the influence of office layout on staff performance. The objectives of the study were to investigate staff perception of office layout, examine factors influencing staff performance in an office, and establish the nature of the relationship between office layout and staff performance. One hundred questionnaires were randomly administered to academic staff at the university, and a response rate of 60% was obtained. It was discovered that the academic staff perceived all the ten office layout elements presented to them to be "good". The results also showed that office layout (mean=4.68), reliable internet (mean=4.55) and office furniture (mean=4.40) are among the crucial factors influencing academic staff performance. Finally, the study revealed that office layout has a significant impact on performance. It was recommended, among other things, that the Management of the institution should improve on office layout in order to enhance performance. These findings imply that if the Management of the University is desirous of keeping staff performance high, it must grasp the key factors influencing their performance. In order to achieve the desired performance levels, it is necessary for the management to understand what to do to effectively bring about those levels.
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    Open Access
    Institutional challenges for lending organizations in the West African housing finance system
    (Housing Finance International- The Quarterly Journal of the International Union for Housing Finance. Kingsway-London., 2013) Oyalowo, B.A.; Nubi, T.G.
    The functions that lending organizations perform in the housing market are generally broad and impact on national development, especially where the mortgage market is embedded in the macro-economic financial policy. Major functions include the mobilization of household savings, allocation of funds for lending to loan seekers, allocation of domestic and international funds to the local housing sector, differentiated loan product design and also, integration of the housing system into the local and global financial markets (Forrest, 2008; Renaud, 1985). As most of these functions can be achieved through policy liaisons with government regulatory agencies, the effectiveness of lending organizations rests on the policy environment in which they operate.