International records / OpenAlex research

Problems and Prospects of Forward Sale in the Nigerian Housing Market: A Critique of Policy and Modus Operandi

One way of dealing with the challenge of demand uncertainty in property market is the use of forward sale.However, despite the huge demand for housing in Nigerian urban centre, it appears that the strategy is not popular with the demand base as expected.This study therefore examined the challenges of forward sale in the Nigerian housing market.This was achieved by reviewing the institutional policy provisions and operational guidelines within which forward sale transaction is conducted in Nigeria.Existing studies in this regards were reviewed while the opinion of three categories of respondent…