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Valuation of properties in close proximity to waste dumps sites: The Nigeria experience

Abstract

The paper identified and evaluated the techniques used by Nigerian Estate Surveyors and Valuers in valuing properties close to waste dump sites. A random sample of 107 Estate Surveyors and Valuers were taken from a sampling frame of 228 for the administration of questionnaire out of which 99 were returned. The data was analysed using the percentile, mean score and One Sample t‐test. The results show that majority of the Estate Surveyors and Valuers were not aware of the existence of methodologies used for the valuation of environmentally contaminated properties. The result further showed that the Estate Surveyors and Valuers over value properties in close proximity to the waste dump sites using inappropriate methods. In view of these findings, the undergraduate and post‐graduate curricula in Estate Management in the tertiary institutions should be reviewed to incorporate the appropriate methods of valuation in use for environmentally contaminated properties and the Continuous Professional Development (CPD) programme for the practitioners should be tailored to addresses this area of deficiency.


Santruka


Šiame darbe nustatyti ir ivertinti metodai, kuriuos taiko Nigerijos matininkai ir turto vertintojai, vertindami netoli savartynu esanti turta. Iš emimo sarašo su 228 galimais respondentais atsitiktine tvarka atrinkta 107 matininku ir turto vertintoju imtis, jiems iteiktos anketos, iš kuriu gražintos 99. Duomenys nagrineti taikant procentili, vidutini bala ir vienos imties t testa (angl. One Sample t‐test). Rezultatai rodo, kad daugelis matininku ir nekilnojamojo turto vertintoju nežino apie metodikas, taikomas vertinant nuosavybe užterštoje aplinkoje. Be to, rezultatai rodo, kad matininkai ir turto vertintojai pervertina netoli savartynu esanti turta, taikydami netinkamus metodus. Atsižvelgiant i šias išvadas, reiketu pakoreguoti nekilnojamojo turto valdymo studiju programas, skirtas pirmojo ir antrojo ciklo studentams aukštesniosiose ir aukštosiose mokyklose, itraukiant atitinkamus vertinimo metodus, taikomus vertinant nuosavybe užterštoje aplinkoje, o praktikams reiketu paruošti Nuolatinio profesinio ugdymo (CPD) programa, kuri padetu užpildyti šia spraga.

Keyword : Valuation, Properties and Waste dump site

How to Cite
Bello, V., & Bello, M. (2009). Valuation of properties in close proximity to waste dumps sites: The Nigeria experience. International Journal of Strategic Property Management, 13(4), 309-317. https://doi.org/10.3846/1648-715X.2009.13.309-317
Published in Issue
Dec 31, 2009
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