Despite the encouraging and evolving trends, the Nigeria property market is experiencing and the rapid urbanization of various cities in the country, the Nigeria real estate industry is still burdened by several issues that are hindering its growth. Some of the issues affecting the Nigeria property market and suffocating it from achieving it's true potential include;

High cost of property development
Building a house in Nigeria, especially in some urban cities like; Lagos, Abuja or Port Harcourt can be very high. Some of the reasons for this include; high costs of building materials, high skilled labor costs, costs associated with poor roads and sewerage systems.
This issue has been a major backlash in the cost of properties making the cost of properties be on the rise but in Aroseglinks services we hire skilled workers from the companies helping to bring down cost and help our customers not break a bank trying to buy a property.

Devaluation of the naira
The recent devaluation of naira is a huge obstacle for the development of Nigeria's real estate sector. Mainly because the Nigerian construction industry is heavily dependent on the importation of the raw materials and equipment they use for construction from foreign countries. However, a devalued naira increases the cost of purchasing these raw materials and equipment
In order to remain profitable when there are abnormally high costs of doing business, most property developers would take out the additional costs incurred, on the market.
The effect of the devalued naira would have been much milder if construction materials were produced locally, as the cost of getting these construction materials would reduce, in turn, making properties more affordable to the average Nigerian citizen or if companies work directly with foreign contractors and companies helping to use a strong and reliable material as well bringing down importation costs.

The" Omo-onile" menace
Most of the scams in the Nigeria real estate sector are perpetuated by the "omo-oniles". Apart from the fact that they are known to extort money from buyers who are developing their properties, most of them sell the lands inherited from their parents or grand-parents to more than one person. They tend to act on lands that have been sold but are yet to be developed and then they sell to a new buyer. Sometimes, they even sell lands that have been developed half-way to buyers and these buyers, in turn, find themselves in a continuous battle for possession of the land. There are a whole lot of land cases in this category presently in court and unfortunately, the "omo-oniles" are nowhere to be found and there are no means for these buyers to get their money back.

Aroseglinks services works directly with the Government to make sure situations like this don't arise.
Call Aroseglinks Services today for your best real estate deals.

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