According to the economist, there are three essential needs of man – food, clothing, shelter, and housing. Housing is important in life. Everyone needs a place they can call home, where they can lay to rest after their daily task.
Houses occur in conglomeration, referred to as a housing estate or housing development. This group of homes is built with other buildings to exist as homes for families or single individuals. Also, some housing estates are high-density while others have low-impact residences.
In a developed country like the United Kingdom, a single contractor is responsible for housing development. They develop similar structures to form an estate, reduce the flow of traffic, and create recreational spaces, and gardens for people in a particular community to unite. In other countries, the pattern is similar but with different governmental regulations.
Why is housing expensive?
The answer is straightforward; several economic and political factors lead to a consistent increment in
the price of housing in Nigeria. Some of these factors are;
1. Absence of Government intervention
2. Heightened cost of building materials
3. Augmentations of land price
4. Rural-urban migration
5. Excessive increase in Population
6. Lack of government regulations
What is the solution for a beginner?
Sometimes, we need experts to walk us through a seemingly difficult housing moment. Due to their years of experience, they have developed enough expertise to help a beginner make a better decision about housing.
Realty Hub is your helping hand. Our plan is to fulfill every housing need you may have. We have different properties that you would fancy and are available at pocket-friendly prices. Why not reach out to us now and let us get started?
You will be glad you did.