20/10/2025
An Assessment of the Mortgage Situation in the Nigerian Real Estate Market
The United Nations Habitat, a UN agency, with a mission to promote socially and environmentally sustainable cities and communities defines housing as the process of providing safe, comfortable, attractive, functional, affordable and identifiable shelter in a proper setting within a neighborhood, supported by continuous maintenance of the built environment for the daily living activities of individuals and families within the community.
Housing has been universally accepted as the second most important Human need and would rank as one of the highest expenses in any household. It is a basic need in the hierarchy of needs of man which fulfills the physiological needs of man for survival. The United Nations Habitat therefore opined the provision of adequate housing as a fundamental human right of man in any society.
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The United Nations Habitat, a UN agency, with a mission to promote socially and environmentally sustainable cities and communities defines housing as the
