Ranking the Causative Factors of Mortgage Valuation Inaccuracy in Kaduna Metroplois

Author:

Aliyu Bilkisu Adamu1,Sani Habibu2,Usman Hamza3,Muhammad Hassan4

Affiliation:

1. Department of Real Estate and Valuation, Nuhu Bamalli Polytechnic, Zaria , Nigeria

2. Department of Real Estate and Valuation, Kaduna Polytechnic, Kaduna State , Nigeria

3. Department of Real Estate and Valuation, Abubakar Tafawa Balewa Bauchi , Nigeria

4. Department of Real Estate and Valuation, NuhuBamalliPolytechnic, Zaria , Nigeria

Abstract

Abstract This paper is aimed at contributing to the scarce empirical literature on mortgage valuation by ranking the factors that influences mortgage valuation inaccuracy in the Kaduna Residential property market. A quantitative research approach using a survey design was adopted and structured closedended questionnaires were designed and administered to 57 registered Estate Surveying and Valuation (ESV) firms in Kaduna metropolis; 51 out of the 57 administered questionnaires were returned and used for analysis. A simple random sampling technique was employed and the 5-point Likert scale used as the scale of measurement, while causative factors were ranked using the Relative Importance Index (RII). The study analyzed the data using percentages. Findings indicated that data inadequacy, imperfection in the property market and clients’ pressure are the most trending in the absence of a unified valuation approach. The regulatory framework and valuation methodology are least contributory to valuation inaccuracy in the study area. The research will be of interest to practitioners and academic researchers interested in mortgage valuation as a guide for conducting mortgage valuation in the study area.

Publisher

Walter de Gruyter GmbH

Reference33 articles.

1. Adegoke O. J., 2016. Effects of Valuation Variance and Inaccuracy on Nigerian Commercial Property Market An empirical Study, doi: 10.1108/JPIF-08-2014-0056,

2. Adegoke O. J., Olaleye A. Oloyedes. A., 2013, A Study of Valuation Clients Perception on Mortgage Valuation Reliability, Adegoke, African Journal of Environmental Science and Technology 7(7), pp. 585-590,

3. Ajibola M., 2006, The Accuracy of Investment Method of Valuation in Nigeria: A Case Study of Lagos. An unpublished M. Sc., University of Lagos.

4. Ajibola M., 2010, Valuation Inaccuracy: An Examination of Causes in Lagos Metropolis, Journal of Sustainable Development 3(4), p. 187,

5. Akinjare A. O., Ogunba O. A., Ayedun C. A., Iroham, C. O., 2013, Disamenity Hazards and Rental Values in durulere, Lagos Metropolis: a Perceptional Study of Power Lines, Ethiopian Journal of Environmental Studies and Management 6(1), pp. 96-103,

Cited by 8 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. The Use of Heuristics within the Valuation Profession in Kenya;Journal of Real Estate Literature;2024-06-06

2. Management and Valuation in Real Estate Cyclea Decade of Experience;Real Estate Management and Valuation;2024-05-22

3. Valuation accuracy in the residential property markets in Minna and Abuja, Nigeria;Property Management;2023-08-22

4. Valuation Problems in Kenya: A Literature Review;Towards a Sustainable Construction Industry: The Role of Innovation and Digitalisation;2023

5. An assessment of valuation education and training in Kenya in comparison with practice;Property Management;2022-10-18

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3