Nigeria’s dead capital in real estate market hits $900bn

The value of dead capital in Nigeria’s real estate market has reached $900 billion due to spike in property prices, a report has said.

The report by BuyLetLive explained that a large chunk of value within the residential and land asset classes in Nigeria was lost due to the opaqueness in the market.

The report, put together by a research team led by Martin Uche, also explained that there was an overall spike in property prices with a double-digit increase in residential real estate prices across the country.

Read more at Newtelegraphng

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