Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/4958
Title: The influence of property valuations on real estate investment decisions by businesses in Uganda : a literature gap
Authors: Okumu, Benon 
Chikafalimani, Samuel Herald Peter 
Moyo, Sibusibo 
Musinguzi, Moses 
Kibwami, Nathan 
Keywords: Inaccurate property valuations;Causes;Consequences;Interventions;Uganda
Issue Date: 10-Aug-2023
Source: Chikafalimani, S.H.P. et al. 2023. The influence of property valuations on real estate investment decisions by businesses in Uganda: a literature gap. The Sybold Report, 18.
Journal: The Sybold Report; V18 
Abstract: 
This paper describes findings of the review of literature on the influence of property valuations on real estate
investment decisions by businesses in Uganda. Scoping review of accessible literature was the research approach
that was applied to gather information for the paper. Results of the study revealed: lack of availability of market
data; use of outdated property valuation data; external clients’ influence; unethical behaviour, negligence and
professional misconduct of property valuers; lack of skills, poor education and training of property valuers;
inadequate regulatory framework for the property valuation profession; and outdated property and land laws as
main causes of inaccurate property valuations. Over and under-pricing of real estate, under and over-capitalization
of real estate, inaccurate mortgage repayments, inaccurate property tax bills, under or over payment of building
insurance premiums, wrong court decisions for real estate investments disputes, financial losses and bankruptcy,
real estate market collapse and failure, and declining confidence in property valuers were identified as key
consequences of inaccurate property valuations. Furthermore, the study identified: strengthening of property
valuation curricula, registration of well qualified property valuers, improvement of regulatory framework for the
property valuation profession, promoting accessibility of affordable new technology to improve accuracy of
property valuations, reforms of outdated property and land laws, and encouragement of research to increase
accuracy of property valuations as main interventions that can be implemented to improve accuracy of property
valuations. Findings will support the development of a comprehensive property valuation model aimed at
improving accuracy of property valuations in Uganda and elsewhere.
URI: https://hdl.handle.net/10321/4958
ISSN: 1533-9211
DOI: 10.5281/zenodo.8241167
Appears in Collections:Research Publications (Management Sciences)

Files in This Item:
File Description SizeFormat
Seybold Report Copyright Clearance.docxCopyright clearance187.4 kBMicrosoft Word XMLView/Open
Okumu et al_2023.pdfArticle327.85 kBAdobe PDFView/Open
Show full item record

Page view(s)

191
checked on Dec 22, 2024

Download(s)

277
checked on Dec 22, 2024

Google ScholarTM

Check

Altmetric

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.