L – R: Yetunde Olusegun, Director, Lands Services, representing the Permanent Secretary, Lagos State Lands Bureau; Kemi Fosudo, representing the Commissioner for Housing; L. L. Eso, Father of the Day; Dotun Bamigbola, CEO, Onesquaremetre; Austin Otegbulu, chairman, Nigerian Institution of Estate Surveyors and Valuers (NIESV) Board of Trustees; Edison Emoabino MD/CEO, IHMS HMO; Adedeji Ajadi, CEO/Executive Secretary, Mortgage Banking Association of Nigeria (MBAN), at the launch of Propertyestimator.ng in Lagos recently.
In a step towards redefining property valuation in Nigeria, One SquareMetre, a real estate innovation firm, has launched Property Estimator, a web-based automated valuation model (AVM) designed to enhance transparency, accuracy, and professionalism in the country’s real estate sector.
The website, unveiled at a recent event in Lagos, promises to transform the way property assessments are conducted by providing a data-driven, globally accessible platform that bridges the gap between valuers and clients.
Speaking at the launch, Dotun Bamigbola, CEO of One SquareMetre and a past chairman of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos Branch, described the platform as a “game changer” for property assessment and valuation practice in the country.
“PropertyEstimator.ng ensures accuracy, uniformity, and promotes transparency between clients and valuers. It’s not just a professional tool, it’s a public resource that helps clients understand the logic behind valuations and allows valuers to back up their work with a standardised methodology,” Bamigbola explained.
He added that the app tackles two critical challenges in valuation practice, methodology and data, by standardising processes and encouraging users to input reliable information, which would in turn strengthen the credibility of valuation reports.
“If we have solved the methodology issue here, then definitely the data problem is going to be solved. This tool brings both parties, valuers and clients, to a common ground using uniform valuation principles,” he said.
According to Bamigbola, the app has already attracted attention beyond Nigeria’s borders. “Practitioners from the UK and Australia have tested it, and we are in talks with other African countries. Our goal is to make this a gift from Nigeria to Africa and the world,” he added.
Speaking at the event, Edison Emoabino, managing director and CEO of IHMS HMO, emphasised that integrating technology into valuation practice was no longer optional but essential for maintaining global standards and professional relevance.
“The future of valuation is being written in data, algorithms, and insight, but guided by the wisdom of experienced professionals,” he said. “Technology should not replace the valuer; it should enhance their capacity to deliver faster, smarter, and evidence-based results.”
Emoabino cited innovations such as Zillow’s Zestimate in the U.S., Kenya’s GIS-based Land Information System, and blockchain-backed land registries in Ghana and South Africa as examples of how digital tools are reshaping global valuation standards.
In his welcome address, veteran valuer L. L. Eso praised the innovation as a landmark achievement that honours the legacy of Nigeria’s estate surveying pioneers while positioning the profession for the future.
“This innovation will radically change the way we work as estate surveyors and valuers, and command more respect in the marketplace as a forward-thinking profession,” Eso stated, urging professionals to embrace digital transformation.
Representing the permanent secretary, Lagos State Lands Bureau, Yetunde Olusegun, director of land services, commended the initiative, describing it as a timely advancement that aligns with the state’s ongoing efforts to digitise land administration.
“This is a welcome development that will bring transparency and uniformity to valuation, acquisition, and compensation matters. By plugging into this innovation, both professionals and government agencies will benefit immensely,” she said.
