A strategic approach to real estate financing: challenges & opportunities in real estate financing in Nigeria
Conference paper
Ogbenjuwa, L, Egbu, C and Robinson, H (2018). A strategic approach to real estate financing: challenges & opportunities in real estate financing in Nigeria. RICS COBRA Conference 2018. London 23 - 24 Apr 2018
Authors | Ogbenjuwa, L, Egbu, C and Robinson, H |
---|---|
Type | Conference paper |
Abstract | This study examined some of the challenges and opportunities in real estate financing in Nigeria. This was done through the examination of four (4) salient factors which are the economic factors, legal framework, policy environment and private sector developers. The residential loan of which mortgage loan forms the bulk, accounts for 70% of the GDP of the developed economies; however, it is less than 1% to Nigerian GDP. The causative underlying factors for this gross comparative underperformance has to be understood to influence policy changes that will create a more sustainable real estate environment in Nigeria. The focus of the paper is on residential real estate. A number of studies have been done on real estate financing in Nigeria but none has looked at it from these four (4) focal points. This study contributes to the field by presenting some of the challenges and opportunities in real estate financing in Nigeria to facilitate the provision a platform for possible solutions. The chosen methodology is desk based through a comprehensive review of literature. The findings show that real estate financing in Nigeria is plagued by challenges that can be mitigated. The study proffers recommendations for policy makers and managers. |
Year | 2018 |
Accepted author manuscript | License File Access Level Open |
Publication dates | |
23 Apr 2018 | |
Publication process dates | |
Deposited | 24 Oct 2018 |
Accepted | 16 Mar 2018 |
https://openresearch.lsbu.ac.uk/item/86v36
Download files
Accepted author manuscript
COBRA RICS 2018 PAPER FOR LUCY OGBENJUWA.pdf | ||
License: CC BY 4.0 | ||
File access level: Open |
901
total views1208
total downloads6
views this month6
downloads this month