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International records / OpenAlex research

Examining valuer's judgement in residential property valuations in metropolitan Lagos, Nigeria

Purpose The purpose of this research is to examine whether valuers consider and interpret intrinsic value elements in a residential property the same way in a familiar location. The price people pay for a complex commodity like residential property is a sum of the utility of various intrinsic and extrinsic characteristics. The skill of the valuer rests in the recognition of value‐enhancing elements in order to arrive at a value for the subject property. Design/methodology/approach Relevant data for the study were gathered from a controlled‐experiment involving some residential properties and a…

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