Providing affordable housing, the Big Homes option

According to NOI Polls’ 2014 National Survey, 31 percent of adult Nigerians live in their personal houses; built, bought or inherited. To fill up the deficit, the country needs a minimum of N56 trillion, according to the estimate.
Major issues that continue to affect housing in Nigeria include inadequate access to finance, slow administrative procedures, the high cost of land registration, and titling. Even some Government policies on housing in Nigeria are not favourable.
Just recently, the Minister of Power, Works and Housing, Mr Babatunde Fashola, said the major challenges of housing development in the country are financing, affordability and acceptability.
In his words: “Majority of the estates are not occupied due to inadequate infrastructure, which discourages people who are interested in owning property.

“Let us also understand that financing is not only the problem, there are many others, there is the issue of affordability and also that of acceptability.

“We have empty houses in many states of the federation, why are they not occupied, can people afford them; if they can afford them, do they like the way they were built?

“It is a problem, we must connect and build to the taste of the home taker, I think the financing and infrastructure problem will remain with us as long as we live.’’

The problem of inadequate housing for the teeming population of approximately 180 million is getting even more complicated. As at 1991, Nigeria was said to have a housing deficit of 7 million units.
Twenty-four years down the line, the deficit has skyrocketed by about 250 percent according to statistics.
The housing deficit at the moment is put at 17 million units.

High costs of land and building materials have been identified as main impediments to the construction of housing units in the country. Recent estimates showed that Nigeria needs 17 million plots of land to meet her 17 million housing shortfall.

In an effort to intervene and address the challenges of housing in Abuja, Big Homes, a real estate firm has continue to blaze the trail in developing tastefully designed, quality and affordable houses in prime locations around the Federal Capital Territory. The Sales Representative of the company, Miss Beatrice Agaba, said that the housing deficit of 1.7million in the Federal Capital Territory (FCT) Abuja, may not be remedied unless there is a paradigm shift in the housing policy. With Big Homes, the submissions of the federal government that money is a major factor when it comes to housing are over.

Today in the face of economic recession, Big Homes has been developing affordable houses, apparently crashing the cost of owning a home within the city, where it used to be exclusively for the mega rich.
With its intervention in the real estate industry, the firm has achieved a commendable success in the housing sector. With Big Homes, your money is not the problem, your taste for an affordable and comfortable home is a priority. Big Homes Pride itself as one of the most reliable real estate firm in the city known to deliver on quality and exquisite homes, the company said it has fully studied the challenges in the sector and is poised to support the federal government policy towards providing mass housing for Nigerians.