This year has been an exciting yet uncertain year for Nigeria. The presidential and state elections took place, leading to a new party, the All Progressive Congress, taking the presidential office. The Naira has spiraled up and down against the US Dollar for the majority of the year leaving local and foreign investors unsure of the future.
The Nigerian real estate sector is growing fast and is now the sixth largest sector in the economy. Even though it is still unclear what the new government’s agenda is with regards to housing delivery and strengthening the housing and mortgage market, government regulatory reforms in the past ten years are helping to create an enabling environment for housing delivery.
Despite the growth, the quality of housing stock in Nigeria is poor because the construction industry is driven by cost minimization rather than value maximization. The lack of a regulatory body and a non-existent legally binding building code has led to the continued poor performance of contractors leading to poorly constructed buildings.
Lashone Links property Limited offers you best affordable mortgage plan based on your monthly income, we have Estates (Completed Building, Land, Farm-Land, Industrial land) across Nigeria, Ghana South Africa and the rest of the world.