EVALUATING THE ATTITUDES OF REAL ESTATE STUDENTS TOWARD PROPERTY VALUATION

Augusna Chiwuzie, Dabara Ibrahim Daniel, Musibau Lukuman, Olusegun Joseph Omotehinshe and Edith Mbagwu Prince

AfRES from African Real Estate Society (AfRES)

Abstract: Property valuation is a capstone course for real estate professionals and an essenal component of core knowledge in real estate education. The prominence of real estate in the investment market and information asymmetries have created a demand for property valuation all around the world. However, anecdotal evidence suggests that real estate students rarely have positive attitudes toward property valuation. This condition can hinder understanding the contents and acquiring the requisite valuation skills as attitudes are critical for learning. It has been contended that developing positive attitudes should be the desired course goal. This study employs quantitive research designs to evaluate the attitudes of real estate students toward property valuation to determine whether the desired goal has been achieved. A self-administered questionnaire containing a modified SATS-36 studies assessment scale was distributed to all 87 Higher National Diploma (HND) I students after the first semester's valuation course. The findings suggested that the sampled students' attitudes toward property valuation were not negative. The students recognise the importance of property valuation for their careers, are ready to put up the effort to understand and acquire valuation skills, and believe they can learn property valuation. This study recommends that the pilot instrument used in this study be expanded to other polytechnics, universities, and nations in order to gather general data that may be used to guide the development of positive attitudes.

Keywords: Achievement; Developing positive attitudes; Real estate valuation; teaching and learning. (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2022-01-01
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:afr:wpaper:2022-051

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