Tenants Groan As FX, Interest Rate, Inflation Push Up Rents
The haemorrhaging economic condition in Nigeria is impacting negatively on various sectors including the real estate market and its supply chains. This impact is, in more ways defining the economy of the sector in the first quarter of 2024 as more renters groan
Inflation And Exchange Rate Spikes Ignite Borrowing In The Real Estate Sector
The real estate and construction sectors in Nigeria have witnessed a surge in bank borrowings, but this hasn’t translated into an improvement in housing stocks. The rise in inflation and exchange rate volatility poses challenges to developers, potentially leading to a crisis as
Middle-Income Earners Face Challenges in Acquiring Homes Amidst Surging Housing Costs
Since gaining independence, Nigeria has grappled with persistent challenges in its housing sector. The demand for housing consistently outstrips supply, pushing prices beyond the financial reach of many citizens, particularly those with moderate incomes. This report, delves into the factors, including rising building
