Nigeria stands out as one of the most expensive property markets globally, ranking second in Africa after Angola. The high costs are not solely due to construction expenses but are influenced by various other factors. These include the high cost of borrowing funds, fees imposed by government agencies, and market uncertainties affecting property turnover.In an interview with BusinessDay, a developer highlighted that these factors significantly inflate house prices, surpassing construction costs by nearly 40 percent. "Finance plays a crucial role;...
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