Home RSS
Real Estate
Cars

Meltdown: Nigeria in context of global response to impact on real estate

CHUKA UROKO business day
Meltdown: Nigeria in context of global response to impact on real estate - Real Estate - Financial Crisis - Housing Crisis - Economic Crisis - Nigeria


As the global economic crisis persists, different countries of the world have devised measures for responding to its impact on real estate. CHUKA UROKO writes that top of these measures are cuts in interest rates on mortgage lending and housing loans



Developed economies like United States, United Kingdom, United Arab Emirate and even South Africa-- countries where property market had experienced a boom before the crisis-are at the forefront of nations have adopted friendly measures in the bid to stave off the effect of the global financial crisis on mortgages and housing loans. 
Nigeria has not shown any serious commitment in this direction, though that is understandable given that the country is yet to develop a functional mortgage system. 

Source



Add your comment
  Anonymous comment
Nickname:
Password:
  Remember me on this computer

Title:
Send me by email any answer to my comment
Send me by email every new comment to this article





 
_________________________________________________________________________
 
Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.