peaking further, Munachino disclosed that one of the biggest challenges facing the real estate sector in recent times was affordability.

He noted that with a growing middle-class population, rapid urbanisation, and young demographics, Nigeria possessed all the key factors for real estate investment, regretting that financing and affordability had remained problems for developers and prospective homeowners.

“Millions of Nigerians struggle for affordable housing amidst the real estate boom,” he said.

Munachino explained the sector’s characteristics by saying that while there were different ways to invest in real estate, they all relied on comparable economic elements to make money.

“The first consideration is that the property’s value must rise. In addition, the expenditures of owning and maintaining the property must not surpass its improved worth,” he explained.

He noticed that the real estate market in Enugu State was characterized by over-inflated pricing of properties for sale and rent, but that the actual value of the property was significantly less than the amounts being leased or sold for.

“Affordable housing becomes an issue when a majority of the population is not able to buy houses at the market price. This can be likened to what is happening in Enugu where below 30 per cent of its population can afford a standard home and at least 5 per cent have no access to housing,” Munachino said.

He said that the implication of the development was excess supply with little or no demand as a result of exorbitant prices.

For most working Enugu residents, the earning capacity is generally low, making it practically impossible for the average person to save for owning a house.

He noted that the disposable income of the people remained the primary factor in determining affordability, and as a result, it was the responsibility of the public and private sectors to cater to the rising demand for affordable housing.

“Enugu’s housing disparity reflects the state’s huge economic divide. Most residents that cannot afford these rents live in large numbers, resulting in congestion. Access to decent, affordable housing would provide critical stability for these families, and lower the risk of being homeless.”

In revitalising communities, the construction of affordable homes, according to him, could also help to stimulate economic growth with a healthy mix of housing options, from market-rate and affordable rental housing, single-family homes, duplexes and developments for seniors (old people).

It would also ensure opportunities for all individuals to improve their economic situation and contribute to their communities.

He noted that in reality, the lack of safe, affordable housing was costing Nigerian cities in several dramatic ways.

“Cities that fail to step up with affordable housing solutions drive out residents, lose potential workers, and discourage growth in their local economies. While those who already have safe and stable housing may not feel the true cost of poverty. The effects are real and can have a serious detriment on our communities,” he further said.

For him, high housing prices can slow down a local economy, leaving jobs unfilled and less spending power in a community. But, when affordable housing is readily available, more opportunities become available for people at all income levels.

Apart from the price of land, he said the constant increase in prices of construction materials and labour would drive the price of properties.

But the above factors are where both the government and the private sector, according to him, should beam their lights on, if the government’s desire was to make the real estate industry much better for Nigerians.

Indeed, Brittany exemplifies a truly sound real estate invest­ment—luxurious enclaves that elevate lifestyles and which offer you opportunities to cap­ture gains amid a challenging environment.

If you dream of a life where you are free to spend time with family and friends cater for your immediate family needs comfortably, cater for your children’s future, a life focused on your passions, a life where you can travel to a destination of your choice, a life where you can plan for your retirement without having to work till old age. If so, passive income may be the ideal solution for your financial future.

The trend in vogue in one of the most lived-in rooms in the house - the kitchen - is the boiserie. Via the tiles, panels of any colour and with the most diverse motifs arrive. There are many positive aspects, but above all the ease of cleaning. Often the latest generation panels are in pendant with the kitchen top, making a sure optical effect. No more escapes that blacken, then. The boiserie also has another advantage: the panels can cover an entire wall, creating more different colour and design effects, but above all by hiding the wall units and creating a very pleasant continuum effect.

Asked about his target areas of new investment, Femi Aguda avowed that there is none presently outside his professional niche “I plan to invest in real estate development in Nigeria in future,” he affirmed.

Speaking about success factors, he emphasized the importance of the individual taking charge of his life.
Referring to his recent post on Instagram, titled “8 Things You Can Do To Empower Yourself,” he reiterated: “Most of the things in the recipe for success are self-help routines which include having your goals written down, working on your dreams, starting small, reading books, solving problems and having a mentor. And above all, believing in God and His Blessings. You must do the right things that trigger the blessing of God in your life and career.”

You will want to adjust both the material and airflow settings on the sprayer to get your desired finish.  Also, make sure to hold the paint sprayer 4-6” away and release the trigger after each pass. It’s also a good practice to overlap your passes by 50% to ensure even coverage. 

Visualize a project with still images and panoramas, or use animations, walkthroughs, and virtual reality for a more interactive and engaging experience.

Adegoke, who was recently awarded Property Week ‘Entrepreneur of the Year’, said: “The smartest, most sustainable way of building generational wealth is through real estate because it’s safe and tangible.

Here in Nigeria, we have a motley of regulatory bodies that have stood the test of time and have been able to demonstrate in many ways than one, that regulation of professional bodies and associations is the way to go to ensure that their members offer the services they were trained for and upon which they have entered into contractual obligations with clients and consumers of their products, or services. Examples abound.

Adeyoye said: “Issues including the high cost of construction and high cost of land, which ultimately increase the cost of projects and reflected in the sales price should be addressed. The state is firmly on track to become a globally competitive, dynamic and sustainable smart-city but it would require the cooperation and contribution of all and sundry for affordable mass housing provision.”