James Olayinka Ogunbiyi

@ui.edu.ng

Lecturer, Department of Estate Management
University of Ibadan, Ibadan, Nigeria

https://researchid.co/james_biyi

RESEARCH INTERESTS

Behavioral Real Estate | Sustainable Real Estate | Housing Studies | Real Estate Business

Scopus Publications

Scholar Citations

Scholar h-index

Scholar i10-index

Scopus Publications

Key performance indicators in real estate professional business in Lagos, Nigeria
James O. Ogunbiyi and Timothy T. Oladokun
SAGE Publications
The paper evaluated key indicators adopted by practitioners to drive the performance of real estate consulting firms of estate surveying and valuation in Lagos, Nigeria. Using probabilistic sampling technique, the study empirically found that, to achieve effective performance, estate firms considered annual revenue and return on investment crucial to their operations (financial indicators). The study also found that the non-financial indicators that were key to performance in the real estate business included improved standards, workplace satisfaction, and prompt payments for executed jobs; clients' satisfaction, referrals, and revenue increase. Established and aspiring real estate professionals will find the study beneficial in defining performance strategies for their respective firms. In other words, this study will assist real estate practitioners in determining where they should focus their efforts in order to prosper in business today and through the next decade. The study was an exploratory evaluation of the use of KPIs as a major driver of performance in the business of estate surveying and valuation.

External factors critical to success in the business of estate surveying firms in Lagos State, Nigeria
Timothy Tunde Oladokun and James Olayinka Ogunbiyi
Emerald
Purpose This paper aims to identify external factors that are critical to the success of estate surveying business in Lagos State, Nigeria. Design/methodology/approach Primary data were collected with the aid of questionnaires from estate surveying firms in the study area. Using a sampling interval computed as 1.93-2, 186 firms were selected from the 359 estate surveying firms based in the study area. The sampling interval required that, after the first selection, every subsequent second estate firm in the group (List) was selected for the survey. Data collected were analysed with the aid of criticality assessment index method such as the Relative Criticality Index and Criterion Criticality Score. Findings The result showed that it was critical for an estate surveying to interdepend with surrounding businesses and maintain good corporate social responsibility for it to succeed. Also, good social relations of the practitioners with the society was found to be an external factor critical to success. In addition, the study found the need to use the advantage of ICT for real estate marketing as an external technological factor for success. It was also found that the economic situation of the immediate locality of the firm and the economic buoyancy of the nation at large influenced both the planning for and the execution of real estate activities of the firm. Research limitations/implications Limiting the findings of the study to external factors alone could subject the findings of the study to bias. Further research targeted at identifying internal factors will provide a balanced view. Practical implications The study will serve as useful tools for existing and upcoming real estate practitioners to chart a performance course for their businesses. It will help estate surveyors to understand what to place more emphasis on if they will succeed in business. Originality/value The findings from this study will provide the estate surveyors and valuers and the professional body with data on things that are critical to their success in business and enhance the practice of real estate management.

RECENT SCHOLAR PUBLICATIONS

Determinants of Sustainable Property Investment in Lagos, Nigeria: A Preliminary Survey
JO Ogunbiyi, AO Adeyemo
Proceedings of the 5th School of Environmental Technology International 2024

Global Evidence of the Impact of the COVID-19 Pandemic on Affordable Housing and Housing Supply: A Meta-Analysis
JO Ogunbiyi
African Journal of Housing and Sustainable Development 5 (1), 3-25 2024

Client Sophistication in Mortgage Valuation Practice in Lagos, Nigeria
JO Ogunbiyi
Obafemi Awolowo University, Ile-Ife, Nigeria 2024

"Beyond the Mirage": A Review of Nigerian Sustainable Methods, Materials and Policy Propositions for Low-Cost and Affordable Housing
JO Ogunbiyi, FG Adeleke
Innovative Solutions for Affordable Housing Symposium, University of Cape 2024

Ethical Delimitation of Client Satisfaction, Client Sophistication and Client Influence in Property Valuation Practice in Nigeria
JO Ogunbiyi, FG Adeleke, DE Oladimeji
Journal of Nigerian Institution of Estate Surveyors and Valuers 45 (1), 100-114 2024

Critical Success Factors and Key Performance Indicators for Real Estate Service Business in Nigeria
JO Ogunbiyi, TT Oladokun
Ibadan Planning Journal 9 (1&2), 46-56 2023

Perceptual Evaluation of the Factors Affecting the Maintenance of High-rise Residential Buildings in Lagos, Nigeria
FG Adeleke, OM Odachi, JO Ogunbiyi
Ibadan Planning Journal 9 (1&2), 11-22 2023

Client Sophistication in Real Estate Valuations in Developing Economies: A Myth, Reality or Compromise?
JO Ogunbiyi, TT Oladokun
12th Malm Real Estate Research Conference, Malmo, Sweden 2023

Factors of Condition and the Challenges of Maintenance of High-rise Residential Buildings: A Nigerian Case Study
FG Adeleke, OM Odachi, JO Ogunbiyi
12th Malm Real Estate Research Conference, Malmo, Sweden 2023

Practical Demonstrations of the Use of Select Property Investment Viability Appraisal Models: Net Present Value, Profitability Index and Net Terminal Value
JO Ogunbiyi
Urban Economics & Regional Studies eJournal (Working Paper Series) 2023

Key performance indicators in real estate professional business in Lagos, Nigeria
JO Ogunbiyi, TT Oladokun
Journal of General Management 49 (1), 65-77 2023

Market Data Limitations In The Application Of Income Approach To Property Valuations In Nigeria: Practitioners' Perspectives
JO Ogunbiyi, TT Oladokun, AT Komolafe, SE Akpoghene
21st African Real Estate Society (AfRES) Conference, Accra, Ghana, 581-596 2022

Isomorphism Of Client Satisfaction And Client Sophistication In Client Influence On Valuations: A Systematic Content Analysis
JO Ogunbiyi, TT Oladokun, OF Emmanuel
21st African Real Estate Society (AfRES) Conference, Accra, Ghana, 458-491 2022

Influence of client sophistication in asset valuation practice: A theoretical and conceptual framework
JO Ogunbiyi
28th Annual Conference of the European Real Estate Society (ERES), Milan 2022

Theoretical and Conceptual Models of Critical Success Factors and Key Performance Indicators for Real Estate Professional Business in Lagos, Nigeria
JO Ogunbiyi, TT Oladokun
20th African Real Estate Society (AfRES) Conference 2021

External factors critical to success in the business of estate surveying firms in Lagos State, Nigeria
TT Oladokun, JO Ogunbiyi
Journal of Facilities Management 16 (2), 142-156 2018

Viability Appraisal Computations Using Growth-Explicit Models: A Case Study of Charter Court (Ikoyi, Lagos) and 56 Units at Tejuosho Market Complex (Yaba, Lagos)
JO Ogunbiyi
Critical Analysis, Nigerian Institution of Estate Surveyors and Valuers 2016

An examination of the practice of feasibility and viability studies by estate surveyors and valuers in Lagos metropolis
JO Ogunbiyi
Obafemi Awolowo University, Ile-Ife, Nigeria 2010

MOST CITED SCHOLAR PUBLICATIONS

External factors critical to success in the business of estate surveying firms in Lagos State, Nigeria
TT Oladokun, JO Ogunbiyi
Journal of Facilities Management 16 (2), 142-156 2018
Citations: 13

Key performance indicators in real estate professional business in Lagos, Nigeria
JO Ogunbiyi, TT Oladokun
Journal of General Management 49 (1), 65-77 2023
Citations: 8

An examination of the practice of feasibility and viability studies by estate surveyors and valuers in Lagos metropolis
JO Ogunbiyi
Obafemi Awolowo University, Ile-Ife, Nigeria 2010
Citations: 4

Influence of client sophistication in asset valuation practice: A theoretical and conceptual framework
JO Ogunbiyi
28th Annual Conference of the European Real Estate Society (ERES), Milan 2022
Citations: 3

Perceptual Evaluation of the Factors Affecting the Maintenance of High-rise Residential Buildings in Lagos, Nigeria
FG Adeleke, OM Odachi, JO Ogunbiyi
Ibadan Planning Journal 9 (1&2), 11-22 2023
Citations: 1

Client Sophistication in Real Estate Valuations in Developing Economies: A Myth, Reality or Compromise?
JO Ogunbiyi, TT Oladokun
12th Malm Real Estate Research Conference, Malmo, Sweden 2023
Citations: 1