Department
Year of Publication
upload
Publication Type
Abstract
Property valuation is a critical component of the real estate industry, influencing transactions, investment decisions, taxation, and urban planning. Traditional valuation methods often rely on subjective judgment, which can be time-consuming and prone to errors. This study examines the impact of Geographic Information Systems (GIS) on property valuation, using Benin City as a case study. GIS integrates spatial data analysis with property valuation, enabling a more precise assessment of factors such as location, market trends, and environmental influences. The research employs a survey methodology, collecting data from estate surveyors and valuers to
evaluate GIS adoption, its benefits, and the challenges hindering its implementation. Findings reveal that GIS enhances valuation accuracy by improving data integration, visualization, and spatial analysis. However, challenges such as high implementation costs, lack of trained personnel, and data inconsistencies hinder its widespread adoption. The study concludes that GIS has the potential to revolutionize property valuation, provided
that stakeholders address the identified barriers through investment in training, infrastructure, and policy support.
evaluate GIS adoption, its benefits, and the challenges hindering its implementation. Findings reveal that GIS enhances valuation accuracy by improving data integration, visualization, and spatial analysis. However, challenges such as high implementation costs, lack of trained personnel, and data inconsistencies hinder its widespread adoption. The study concludes that GIS has the potential to revolutionize property valuation, provided
that stakeholders address the identified barriers through investment in training, infrastructure, and policy support.
Supervisor(s)
co-supervisor