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Pandemic Affects Nigeria Housing Boom

Pandemic interrupts Nigeria’s housing boom

2019 was a great year for Nigeria’s housing market, with demand rising by double-digit figures. Property listing inquiries surged 72%, according to a year-end report by Nigeria Property Centre. However due to the pandemic, demand suddenly slowed this year. Job losses and salary cuts have prevented many from renting better apartments or purchasing new homes, note PropertyPro.ng. Estate Intel confirms that “many payment plans …

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