Concerned on the need to reverse the dearth of data in the housing sector, the Real Estate Developers Association of Nigeria (REDAN), will organize a stakeholders’ conference on National Real Estate Data Collation and Management Program. The National Conference is scheduled for Thursday September 28, 2017 in Abuja.
A statement issued by REDAN stated that the focus of the conference is to comprehensively collate and manage data for planning and decision making relating to preconstruction, construction and post construction activities in the nation`s real estate sector.
The statement reads, “Specific areas will include land administration practices, formal and informal housing activities, housing affordability mapping and other key indicators that will aid effective policy and investment decisions.
“The objective of the program is to provide accurate and realistic data on the housing stock, housing types, Mortgage facilities/ Institutions, occupied/ unoccupied houses, tenement rates, selling/ renting prices, skilled manpower availability, construction cost, prices for varying categories of houses in various locations and operational challenges. Others vital data to be collected include Cost of obtaining Title Documents, Access to Land and building materials, market prices for building materials, housing needs of various level of income earners and families, affordability profiling, housing deficit, housing development prospects. At the end of the exercise, it would be a worthwhile legacy that would be bequeathed to the housing industry for regular update.”
It states that the Central Bank of Nigeria, Federal Ministry of Power, Works and Housing and housing sector stakeholders will be in attendance of the 1 day event.