The housing deficit in the country is exacerbated by unfavorable government policies, elevated construction material costs, inflated property prices, and limited access to credit for aspiring homeowners, according to Alabi Oladipo, the Managing Director and Co-founder of MOA Realtors Limited.
Oladipo emphasized the need for real estate industry stakeholders to embrace technology in housing projects to reduce expenses and enhance durability. He pointed out that economic challenges and the high cost of living have made homeownership unattainable for many Nigerians.
“When we talk about housing deficit, there is no how we wouldn’t link it to the current situation of economy in the country. The cost of these materials are on the rise. They are transported from a location to another with the use of petroleum and we all know what fuel price is at the moment and all others. However, things can be improved on and get better,” he noted.
On the significant transformation going on in Epe, Oladipo urged real estate companies to expand their reach by investing in the growing market.
“Epe’s evolution into a becoming mega city presents unprecedented opportunities for realtors to thrive. As this promising region undergoes rapid development, real estate professionals need to tap into these opportunities.”
He described his company as a dynamic and innovative real estate developers that specializes in creating visionary residential and commercial spaces. ‘With a commitment to quality, innovation, and sustainability, we take pride in shaping the future of urban landscapes.”
