Utilization of property valuation software among estate surveying and valuation firms in Lagos state, Nigeria

Abstract

Abstract In the era of sophistication in conducting professional assignments, there have been no study geared towards assessing the utilization of valuation software in property valuation. This study therefore investigated the application of property valuation software among Estate Surveyors and Valuers (ESVs) in Lagos Metropolis. 151 Estate Surveying and Valuation (ESV) firms represented the sample size. Data was analyzed using descriptive statistics and frequency count with the aid of Statistical Package for Social Sciences (SPSS). It was revealed that almost 70% of ESV firms do not readily use property valuation software, even the ones known to them. The study therefore encourages ESVs to utilize such software so as to ease their mode of operations.