Between Investors, Developers, Realtors and the Government, who is actually calling the shot in Lagos real estate.
As a realtor, we get labelled severally that we are inflating property prices. But who is at fault and who is responsible for the current cost of rent and property prices in Lagos. On the other hand, developers complain of high cost of land acquisition and documentation with Lagos government.
Then, we have investors, they are involved in every process, from funding developers, to joint venture or reselling. Recently, investors have complained about the exchange rate and high cost of living, therefore reviewing their returns and projections.
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