Tag Archives: national housing deficit

The Managing Director of Previs, a special purpose vehicle by James Cubitt Developments, Mr. Peter Coker, has said that the country’s real estate market is highly fragmented, and gets worse from the premium to the mid-market and low income housing cadre. Coker, who spoke at the unveiling of Previs, a company designed to provide properties to professionals and mid-sized companies, ...

Nigeria, with a population of over 170 million people, is facing a national housing deficit of about 17.5 million units, and requires a minimum of additional one million housing units each year to reduce that deficit. With high interest rates on mortgages, high cost of construction material and land, many Nigerians cannot afford a brick and mortar house in the ...