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Africa Housing News > Blog > News > High vacancy rate in VI, Ikoyi drives down rent by 8% in H1
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High vacancy rate in VI, Ikoyi drives down rent by 8% in H1

Last updated: 2019/09/18 at 6:12 PM
Fesadeb Published September 18, 2019
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The chairman of JEDO Investment Limited, Alhaji Aliyu Oroji Wamakko has disclosed that with lower interest rate and special intervention fund for housing development, that investors would be able to provide houses at a very cheaper price.

In an interview with LEADERSHIP in Abuja, however pleaded with federal government to resolve the absence of special intervention fund in the housing sector, just like it was done in the agriculture sector.

The chairman was optimistic that the failure of government to provide intervention fund is the reason for high interest rate and high cost of houses in the built sector.

 

 

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Fesadeb September 18, 2019 September 18, 2019
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