National
Inflation, high interest rates spike sales, rents by 40% in major cities
3 years agoA aerial view of Lagos showing the Third Mainland bridge, on October 7, 2022. - With the UN forecasting the world will soon hit 8 billion people, Lagos and other African cities are bracing for fast-paced growth that will make them among the globe's new megacities. Already Africa's most populated city with around 20 million, Lagos already strains from heaving traffic and poor services that barely cater to an urban sprawl where wealthy waterside enclaves neighbour cluttered poorer districts. (Photo by PIUS UTOMI EKPEI / AFP)
Nigeria’s housing market has recorded a spike by about 40 per cent in cost of leases and sales in the first half of 2023, according to findings by The Guardian.
