Professionals Predict Rise in 2012 Property Prices

Daily Trust (Abuja)-WITH all economic parameters indicating a slowdown and large preponderance of government's recurrent expenditure, construction costs will go up and harden rentals in the housing industry. Similarly, the subsidy removal will trigger inflationary trend, which will impact negatively on house prices and rentals, making it impossible for many people to buy an apartment, according to the 2012 predictions of housing industry experts.