Good property valuation in emerging real estate markets? Evidence from Ghana

Obeng-Odoom, F

Good property valuation in emerging real estate markets? Evidence from Ghana

Obeng-Odoom, F

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Publisher:: Hong Kong Institute of Surveyors
Publication Type:: Journal Article
Citation:: Surveying and Built Environment, 2012, 22 (Nov), pp. 37 - 60
Issue Date:: 2012-01

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Field	Value	Language
dc.contributor.author	Obeng-Odoom, F https://orcid.org/0000-0003-3997-7751	en_US
dc.date.issued	2012-01	en_US
dc.identifier.citation	Surveying and Built Environment, 2012, 22 (Nov), pp. 37 - 60	en_US
dc.identifier.issn	1816-9554	en_US
dc.identifier.uri	http://hdl.handle.net/10453/23216
dc.description.abstract	Traditional valuation methods were designed with developed real estate markets in mind. Within that paradigm, the Cost Approach to property valuation is the method of last resort for surveyors, the exception rather than the rule. However, in countries such as Ghana where cultural practices, special relationships and administrative bottlenecks constitute structural impediments to the use of more 'progressive' valuation methods, surveyors rely on the Cost Approach (with some modifications) as the method of choice.	en_US
dc.publisher	Hong Kong Institute of Surveyors	en_US
dc.relation.ispartof	Surveying and Built Environment	en_US
dc.title	Good property valuation in emerging real estate markets? Evidence from Ghana	en_US
dc.type	Journal Article
utslib.citation.volume	Nov	en_US
utslib.citation.volume	22	en_US
utslib.for	1202 Building	en_US
utslib.for	0909 Geomatic Engineering	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.issue	Nov	en_US
pubs.volume	22	en_US

Abstract:

Traditional valuation methods were designed with developed real estate markets in mind. Within that paradigm, the Cost Approach to property valuation is the method of last resort for surveyors, the exception rather than the rule. However, in countries such as Ghana where cultural practices, special relationships and administrative bottlenecks constitute structural impediments to the use of more 'progressive' valuation methods, surveyors rely on the Cost Approach (with some modifications) as the method of choice.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/23216