Nigeria's Real Estate (RE) sector is reckoned to be the sixth largest in the economy. However, as at November 2018, Nigeria still had an unimpressive low home ownership rate of 25%, compared to some other countries: Indonesia (84%), Kenya (73%) and South Africa (56%) respectively. Evidently, Nigeria's housing deficit has its deep rooted legal and commercial issues, stemming from sub-optimal regulatory framework worsened by paucity of funds.
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