Evaluating the Impact of Technological Advancements on Property Valuation and Asset Management Practices in the Real Estate Sector of South-West Nigeria

Abstract

This study investigates the influence of technological advancements on property valuation and asset management practices within South-West Nigeria’s real estate sector. By analyzing innovations such as big data analytics, artificial intelligence (AI), geographic information systems (GIS), proptech solutions, and blockchain, the research evaluates how these technologies enhance valuation accuracy, operational efficiency, and strategic decision-making. Using a mixed-methods approach that includes surveys, interviews, and case studies, this paper identifies both the benefits and challenges associated with technology adoption. The findings highlight the transformative potential of technology in real estate while addressing barriers to its implementation and offering recommendations for future advancements.