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Examining Heuristics for Building - Work-in-Progress Valuations in Niger State Nigeria

Author

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  • Babatunde Isaiah Olajide

    (Department of Estate Management, Federal University of Technology, MinnaNigeria)

Abstract

Where an investment decision on building work-in-progress (BWIP) is premised on the judgment of value, the technique of assessment must be accurate. The heuristic technique has not been able to achieve this goal. Frequent transactions in BWIP in Niger State necessitate the search for an alternative technique.

Suggested Citation

  • Babatunde Isaiah Olajide, 2018. "Examining Heuristics for Building - Work-in-Progress Valuations in Niger State Nigeria," Real Estate Management and Valuation, Sciendo, vol. 26(2), pages 92-103, June.
    • Handle: RePEc:vrs:remava:v:26:y:2018:i:2:p:92-103:n:9
    DOI: 10.2478/remav-2018-0019
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    References listed on IDEAS

    as
    1. Olusegun Ogunba, 2011. "Valuers' perceptions of depreciation models in DRC valuations," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 29(2), pages 190-209, March.
    2. Georgia Warren‐Myers, 2012. "The value of sustainability in real estate: a review from a valuation perspective," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 30(2), pages 115-144, March.
    3. Georgia Warren-Myers, 2016. "Sustainability evolution in the Australian property market," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 34(6), pages 578-601, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    building; elemental cost; heuristics; valuation; work-in-progress;
    All these keywords.

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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