A comprehensive study on the existence of valuation inconsistencies in developing countries

Abstract

The research examined the existence of valuation inconsistencies in valuation for secured lending in developing countries in a case study of GKMA Uganda. The works of various authors were examined in the debate on valuation accuracy. The results from such studies indicate that with various structures such as valuation standards being developed, the quality of valuation is about to improve significantly. Some of the possible causes identified by the studied authors include lack of valuation standard standards, inadequate training, client influence, as well as lack of comparable data. The future of the Ugandan Valuation practice depends on valuation certainty and until this is achieved, Ugandan valuers will continue to vary from one valuer to another and be questionable. The paper recommends that the ISU should publish guidance notes on proper valuation methodology