ARTICLES


The Nigerian Real Estate Industry: The Need for Critical Solutions to Housing Challenges

Friday, 23 December 2011
Olashile
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The Nigerian Real Estate Industry: The need for critical solutions to perennial housing challenges

Nigerian needs about 16m housing units to provide shelter for it’s over 168m people. Estimated at about 32m households, over 50% of Nigerians are either homeless or live in inadequate shelter. More alarming is the distribution of this house gap. A review of the distribution of households by housing units suggests that while there is a huge housing gap in urban areas where large population are concentrated, the rural areas seem to be in surplus, with an average family having a house. It also revealed the fundamental reasons behind the prevalence of urban slums in Nigeria.

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Investor-confidence is important to awaken players and transactions in real estate

Wednesday, 21 December 2011
3Invest Intelligence
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With a seemingly bright outlook that raised hope of a possible turnaround, operators entered the property market at the beginning of this year. As the year rolls by, BODE ADEDIJI, President, National Institute of Estate Surveyors and Valuers (NIESV), in this interview, takes a look at experiences in the market in the course of the year. He speaks with CHUKA UROKO. Excerpts

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