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Gifted Analysts

Research and Analytics

REAL ESTATE AND HOUSING SECTOR

Commercial Real Estate at a Crossroads

By Abdulazeez KurangaPosted on Posted in Business & FinanceTagged , , , , No Comments on Commercial Real Estate at a Crossroads

Empty office buildings. Reduced store hours. Unbelievably low hotel room rates. All are signs of the times. The containment measures put in place last year in response to the pandemic shuttered businesses and offices, and dealt a severe blow to the demand for commercial real estate—especially, in the retail, hotel, and office segments.

Beyond its immediate impact, the pandemic has also clouded the outlook for commercial real estate, given the advent of trends such as the decline in demand for traditional brick-and-mortar retail in favor of e-commerce, or for offices as work-from-home policies gain traction. Recent IMF analysis finds these trends could disrupt the market for commercial real estate and potentially threaten financial stability.

Charting the Path towards Affordable Housing in Nigeria

By Victor Tolu'TaiwoPosted on Posted in Business & FinanceTagged , , , , , No Comments on Charting the Path towards Affordable Housing in Nigeria

Each time the word housing pops up, especially the challenges that come with owning /acquiring a house, Affordable Housing or Housing Affordability  follows as it is one of the major, if not the most severally cited, housing problems in the whole wide world. With a housing gap of 17 to 20 million units and a low estimated homeownership rate of 25%, Nigeria is not left behind in this problem. According to a UN report, Nigeria’s population is about 186 million. Over 60% of these people will be living in urban areas in the coming years, hence needing a long-term plan to make housing accessible and affordable in the country. There are too many obstacles and bottlenecks in the housing sector, including the land use act.  In this article, I highlight ways housing can be more accessible irrespective of the sector’s challenges.

Impact of COVID-19 on the Nigeria Real Estate and Housing Sector

By Victor Tolu'TaiwoPosted on Posted in EconomyTagged , , , No Comments on Impact of COVID-19 on the Nigeria Real Estate and Housing Sector

It is no doubt that the commercial real estate is the hardest hit of all in the property sector during this pandemic. The hotels, retail space, convention centres were all shut down, except for the exempted essential spaces. As the economy begins to open worldwide without a vaccine to cure the virus yet, the impact of Covid-19 has made work-from-home (WFH) more attractive out of necessity.

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