Integrating Sustainability into Real Estate Valuation Process: A Nigerian Perspective.

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dc.contributor.authorBabawale, G. K.
dc.contributor.authorOyalowo, B.A
dc.date.accessioned2020-07-20T10:41:47Z
dc.date.available2020-07-20T10:41:47Z
dc.date.issued2013-05
dc.description.abstractThe 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.en_US
dc.identifier.citationBabawale, G.K. and Oyalowo, B.A (2013) Integrating Sustainability into Real Estate Valuation Process: A Nigerian Perspective. ATBU Journal of Environmental Technology 6, 1, December 2013, 13-32en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/8653
dc.language.isoenen_US
dc.subjectIntegrationen_US
dc.subjectPerceptionen_US
dc.subjectReal Estateen_US
dc.subjectSustainabilityen_US
dc.subjectValuation Processen_US
dc.titleIntegrating Sustainability into Real Estate Valuation Process: A Nigerian Perspective.en_US
dc.typeArticleen_US
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