The Impact of Infrastructural Development On Real Estate Values

The Impact of Infrastructural Development On Real Estate Values

The Impact of Infrastructural Development On Real Estate Values

The real estate industry has increasingly become relevant to our economy. However in recent times, the prices of real estate goods and services have risen rapidly with home prices increasing sharply in comparison to prices of goods and services in other industries. At the same time, housing demand has posed economic and social challenges, arousing continental and universal concerns. This article addresses the impact of infrastructural development on Real estate values.

Nigeria suffers from a housing deficit of over 17 million units for his teeming population and the poor state of infrastructure in the country even worsens the plight of the masses. At the moment there is a rising cost in building materials which has adverse effect on the construction industry.