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Nigeria: Real estate prospects in 2013

Posted on 02 January 2013

Players in the nation’s construction and housing sector are simply treading water to keep afloat. The situation is so frustrating that everyone is awe-struck, and has taken the wind out of the sail of real estate brokers who find themselves in a binder over the economic downturn.
The property market closed last year with sector operators hoping there would be some slight improvement in the market at the dawn of the New Year. Instead, the supply of unsold homes has increased since last year and real estate practitioners say most of the enquiries they receive come from first-time buyers, who hardly return………………………………………..Full Article: Source


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