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THE TRENDS IN COMMERCIAL PROPERTY VALUES IN AN EMERGING REAL ESTATE MARKET: THE CASE OF IBADAN METROPOLIS, NIGERIA

PURPOSE: This study aims at examining the trends in commercial property’s rental, capital and returns values from 2002 to 2014 in Ibadan metropolis, Nigeria with a view to providing information for investment decision making. DESIGN/METHODOLOGY/APPROACH:Questionnaire survey was conducted to collect data on rental and capital values from investments in commercial properties in Ibadan metropolis. The data were collected from partners/branch managers of Estate Surveying and Valuation Firms in the study area. There were 56 estate surveying and valuation firms in Ibadan with an average of 2,072 com…

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