Record Details

Human Resources Development for the Valuation of Property Investments in Nigeria: A Case for Practical-Based Training

Kasarinlan: Philippine Journal of Third World Studies

View Archive Info
 
 
Field Value
 
Title Human Resources Development for the Valuation of Property Investments in Nigeria: A Case for Practical-Based Training
 
Creator Udoekanem, Namnso Bassey; Department of Estate Management and Valuation
Federal University of Technology
Minna, Niger State, Nigeria
 
Description This paper examines the development of human resources for the valuation of property investments in Nigeria. The paper argues that valuation of property investments is a highly practical exercise and should be taught as such to facilitate its understanding. Data for the study were obtained using structured questionnaires administered to graduating real estate students in a Federal University in Nigeria who have been taught property investment valuation courses for a period of four academic sessions, based on the minimum benchmark academic standards of the National Universities Commission. The study found that the students’ overall level of understanding of the basic topics in property investment valuation was highest in the definition of property investments and lowest in hedonic modelling of property investment values. Analysis of Variance (ANOVA) in the level of understanding of the basic topics in property investment valuation between the male and female respondents produced an F-ratio of 0.53 at p-value greater than 0.05. This implies that although there are differences in the level of understanding of the basic topics in property investment valuation between the male and female respondents, such differences are not significant statistically. The respondents strongly agreed that practical exercises in the field will facilitate understanding of property investment valuation. Similarly, they also agreed that lecturers with practical experience teach property investment valuation better. The paper recommends the introduction of more field exercises into the current property investment valuation curriculum of tertiary institutions in Nigeria as such initiative will facilitate the development of creative, innovative and practically-competent human resources for the accurate valuation of property investments in the country. Key Words: Human Resources Development, Property Investment Valuation, Teaching, Learning, Nigeria
 
Publisher University of Sri Jayewardenepura
 
Contributor —
 
Date 2013-03-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.sjp.ac.lk/index.php/sljhrm/article/view/1106
 
Source Sri Lankan Journal of Human Resource Management; Vol 4, No 1 (2013)
 
Language eng
 
Relation http://journals.sjp.ac.lk/index.php/sljhrm/article/view/1106/308