Building materials costs increases and sustainability in real estate development in Nigeria

Abstract

Sustaining real estate provision is vital in order to diminish the inaccessibility of housing to citizens, and is one of the best proactive and innovative measures to improve housing estates against the deficit challenge prevailing in Nigeria. This study examines the factors and effects of increasing costs of building materials in real estate development sustainability in Nigeria. The study found that eleven dynamics were significant to contributing to the widespread deficits, deplorable conditions and inaccessibility of housing units' to people. The study further indicates that these factors also underscore the ever increasing rent of residential properties in the area. The study reflection should greatly assist in depicting better ways of tackling these issues so that reductions in the impact of building materials cost increases on real estate provision as experienced in practice can be sustained within the system. A 'think tank' effort is recommended for relevant stakeholders.