Nigerian Property Market: Prospects In The Midst Of Challenges

  CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY The property market is a major receptacle of foreign direct investment and the extent of its development determines the extent to which it can contribute and buoy a nation’s economy. The Nigerian property market with its potential, like similar markets in several emerging economies in Africa, has not benefitted from internationalized property investment and remains poorly researched (Babawale, 2008). With surging rents, significant housing deficits, and over-regulation, the Nigerian property market is a matrix of opportunity…