Lagos is reputably the most stretched housing market in Nigeria with more than 10 per cent of the country’s 210 million estimated population
The report further revealed that the demand for affordable housing in the state has outpaced the rate of construction leading to a shortage of affordable housing.
It added, “As the city expands, available land becomes more insufficient and expensive, making it challenging for developers to build enough housing units to meet the teeming demand for affordable housing. “Also, over the past years, the inflation on the cost of construction materials and labour has heightened, making it expensive for developers to build affordable housing units.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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