A strategic approach to real estate financing: challenges & opportunities in real estate financing in Nigeria

Conference item


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
AuthorsOgbenjuwa, L, Egbu, C and Robinson, H
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.

Year2018
Accepted author manuscript
License
CC BY 4.0
Publication dates
Print23 Apr 2018
Publication process dates
Deposited24 Oct 2018
Accepted16 Mar 2018
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https://openresearch.lsbu.ac.uk/item/86v36

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