Empirical Assessment of Student’s Perception of the Teaching and Learning of Fundamentals of Property Valuation in Nigeria’s Tertiary Institutions

Abstract

Property valuation is a core competence of estate management profession, the teaching of which commences in second session in the most Nigeria's tertiary institutions and run through the remaining sessions of the programme duration. This study delves into student's perception of the teaching and learning of fundamentals of property valuation which is vital to undertaking diverse valuation exercise. Data for the study was derived from both primary and secondary sources. Questionnaires were administered to final year students of Estate Management in three different universities in the Southwest Nigeria, while secondary information was derived from journals, valuation textbooks and reports. Basic statistical tools such 5-Point Likert scale, mean score analysis and relative importance index analysis were engaged in the analysis. Results were presented in tables and then discussed. The study showed amongst others that some aspects of the fundamentals of property valuation are not satisfactorily taught and students still find it difficult to comprehend valuation tables and to know when to apply some of the tables. The study concludes by recommending student's centered active learning approach in a bid to improve on teaching. The study further recommends combination of teaching practices such as teaching discourse, visual representations and a variety of social interaction. Effective teaching monitoring and feedback mechanism would also go a long way to improve the situation.