NIESV Warns Tax Burden, Fiscal Policy Threaten Real Estate Value
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The Nigerian Institution of Estate Surveyors and Valuers has warned that taxation, inflation and government fiscal policies are increasingly shaping the value and performance of real estate assets.
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called for greater fiscal intelligence among property professionals, warning that taxation, inflation, interest rates, regulation and other government policies are increasingly shaping the value and performance of real estate assets across Nigeria.
The warning was delivered by Charles Oghenero Ebiai, chairman of NIESV's National Mandatory Continuing Professional Development (MCPD) Committee, at the 2026 MCPD Seminar of the institution's Kaduna State branch, themed 'Fiscal Intelligence and Risk Integration: The Essential Frontier in Valuation Practice for Nigeria's Institutional Real Estate'.
Ebiai said the traditional approach to valuation was no longer sufficient because property markets were increasingly influenced by wider economic and government policies. 'A valuation that ignores these factors may be mathematically correct but commercially incomplete,' he said, adding that taxation, government expenditure, public infrastructure investment, land policies, development charges and property-related levies can have significant implications for the value of real estate assets.
He urged practitioners to integrate risk assessment into their work, noting that institutional investors are increasingly interested in risk-adjusted returns. Risks arising from economic shocks, regulatory changes, climate events, tenant concentration, liquidity constraints and market volatility must be reflected in professional advice, he said. Ebiai also challenged valuers to embrace emerging technologies such as artificial intelligence, big data, geographic information systems, automated valuation models and blockchain, warning that practitioners who refuse to adopt technology could become irrelevant.
Ishaq Ayodele Bello, chairman of the NIESV Kaduna State branch, said the economic environment demands that estate surveyors and valuers expand their roles beyond conventional technical evaluation. 'In an economically fluid environment like Nigeria, contemporary practice demands that an Estate Surveyor and Valuer be more than just a technical evaluator. We must serve as strategic fiscal advisors,' he said. The seminar brought together NIESV officials, estate surveyors and valuers, resource persons and other industry stakeholders.