Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/74257
Title: Critical review of hedonic pricing model application in property price appraisal : a case of Nigeria
Authors: Abidoye, RB 
Chan, APC 
Keywords: Hedonic pricing model
Nigeria
Property price
Real estate research
The Lagos metropolis
Issue Date: 2017
Publisher: Chinese Chemical Society
Source: International journal of sustainable built environment, 2017, v. 6, no. 1, p. 250-259 How to cite?
Journal: International journal of sustainable built environment 
Abstract: The hedonic pricing model (HPM) technique has been widely adopted for property price appraisal by scholars and professionals in different real estate markets around the world. Despite its popularity in this research domain, the trend of the application of HPM in Nigeria, being the largest economy in Africa, is unknown and has not been documented. This study, therefore, aims to critically review the extant literature of the HPM property price appraisal related articles published in Nigeria. Papers published in this research area were retrieved from online databases and search engines. The authors’ contributions, authors’ affiliations, the focused study areas and the annual publication trend of the articles were reviewed. The first application of HPM in Nigeria was recorded in 1986. Thereafter, there have been fluctuations in the number of annual publications. However, there have been a considerable number of articles published since 2010. The authors have largely focused on the Lagos metropolis property market as a study area. It was also found that most of the authors were university scholars and on the other side, real estate professionals have not contributed significantly to this research topic. In order to achieve a sustainable real estate practice in Nigeria, the gap between theory and practice should be bridged.
URI: http://hdl.handle.net/10397/74257
ISSN: 2212-6090
DOI: 10.1016/j.ijsbe.2017.02.007
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

Page view(s)

4
Last Week
0
Last month
Citations as of Jul 15, 2018

Google ScholarTM

Check

Altmetric


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