How would you describe the difficulty and bureaucracy around the acquisition of land and title documents by real estate developers and how does that affect the sector?
Where do you see the Nigerian real estate market in the coming years, and is it true that property prices usually fall ahead of election ? The Ogun State Government led by Prince Dapo Abiodun has made CoO process very easy. Can you share a little insight into this and how this has helped the real estate business?
You know that when a government sees you as a partner in development, a reasonable real estate entrepreneur has no choice but to reciprocate the kind gesture by regularising his or her other documents and paying all that is due to the government in terms of property gain taxes and all other dues to the government. Government cannot do it alone; government cannot provide free or totally subsidised housing, even if the government put all its annual revenue or budget into housing.
Source: Real Estate Daily Report (realestatedailyreport.net)
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