NIESV Calls for National Property Data to Attract Real Estate Investment in Nigeria

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called for the establishment of a credible national property data system to strengthen investment and improve transparency in Nigeria’s real estate market.

The institution said reliable property information would help investors make informed decisions, improve market confidence and support the growth of the country’s real estate sector.

A centralised property database would provide access to relevant information about property transactions, values and market trends, helping to address the information gaps that currently affect the industry.

The absence of reliable and accessible property information has made it difficult for investors to properly assess market conditions, compare property values and identify viable investment opportunities.

Industry stakeholders believe that a national property data system could help address these challenges by providing a more dependable basis for property valuation and investment decisions.

Such a system could also improve transparency in property transactions, strengthen professional valuation practices and reduce uncertainty in the real estate market.

For developers, financial institutions and prospective investors, access to credible market information is important for assessing risks, planning developments and determining the actual value of properties.

NIESV’s call highlights the importance of reliable property information in building a more transparent, organised and investment-friendly real estate sector in Nigeria.

Source: BusinessDay