DATA SHARING : A CRITICAL FACTOR FOR ESTATE SURVEYING AND VALUATION PRACTICE IN NIGERIA
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The study examines the barriers to data accessibility on the operation of the property market, in the
field of estate surveying and valuation. The study was conducted using questionnaires, administered on practicing
Estate Surveyors and Valuers, within Lagos Metropolis. The study revealed that lack of data sharing is a major barrier to valuation consistency, particularly with transactions on residential ‘properties where evidence of past transactions are very important. The study further revealed that members of the Nigerian Institution of Estate Surveyors and Valuers need, just like RICS, UK, join hands together and create a strong databank just like the Investment Property Databank (IPD),that can be used by anyone that require such information, even at a token.
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TH Building construction