Property Developers in Nigeria have said that building low cost houses and putting on the property market for low income earners is not possible in the
Despite insistence by other stakeholders that building houses that low income earners can afford is possible and economically viable, some of these profit-driven investors insist that it does not make economic sense, citing cost of land, building materials and high interest rate.
According to the REDAN chairman, part of the reasons houses are costly in Nigeria is because of the price of land which, he explains depended on location and building materials.
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