The Challenge of Globalization for Property Valuation Profession in Nigeria. A chapter in Globalization Culture and the Nigerian Built

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dc.contributor.authorBabawale, G. K.
dc.date.accessioned2020-07-24T11:26:30Z
dc.date.available2020-07-24T11:26:30Z
dc.date.issued2005-11
dc.description.abstractDriven by the combined forces of technological advancement, economic liberation, and democracy, globalization in the 21st century has forced more on the integration of national economies with the aim of creating a more coherent global economy. While the process may suit the more advanced economies; it is doubtful whether the same can be said of the developing economies. Unfortunately, developing countries can ill afford a strategy of containment and isolationism. This paper examines the challenges posed by globalization to the property valuation profession in Nigeria. It particularly examines the preparedness of valuation profession in Nigerian to take full advantage of the cross – border movement of professional valuation expertise that globalization creates. The study noted that neither the existing property market structure nor the level of expertise in professional valuation discipline is capable of matching the demands of globalization and the challenges it poses. The paper therefore suggests improvement on the existing property market infrastructures and property valuation expertise in the country if Nigerian valuers hope to participate gainfully in the emerging global market.en_US
dc.identifier.citationBabawale G.K. (2005). The Challenge of Globalization for Property Valuation Profession in Nigeria. A chapter in Globalization Culture and the Nigerian Built – environment vol.1, Published by Department of Estate Management, Obafemi Awolowo University, Ile-Ife, Osun State. pp. 41-45en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/8667
dc.language.isoenen_US
dc.publisherPublished by Department of Estate Management, Obafemi Awolowo University, Ile-Ife, Osun Stateen_US
dc.subjectValuation accuracyen_US
dc.subjectPropertyen_US
dc.subjectGlobalizationen_US
dc.subjectMonte Carlo Simulation Techniqueen_US
dc.titleThe Challenge of Globalization for Property Valuation Profession in Nigeria. A chapter in Globalization Culture and the Nigerian Builten_US
dc.typePresentationen_US
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