Report Charts New Course for Lagos Housing Market

By Happiness Otokhine

The relationship between income and affordability of housing as well as ability to meet equity contribution for accessing mortgages for various income groups are the basic elements in the interplay between the forces of demand and supply in the housing sector, a study has revealed.

The report, which is the second in its series, by the Roland Igbinoba Real Foundation for Housing and Urban Development, titled the State of Lagos Housing Market has taken a critical look at the various segments of the real estate sector with a view to providing a veritable source of information for future investors as well as policy makers.

The State of Lagos Housing Market research report dwells on analysis of key supply-side and demand trends; detailed segmentation of international and local products; historic and current data on housing statistics in Lagos; house price index-measuring across major districts; luxury consumer insight and the average consumer's demands on housing by specific towns and districts.