Nigeria's urban housing crisis is already a serious concern, and due to a lack of innovative and practical solutions, it has worsened over the years. Nigeria's young population, who usually migrate to urban areas searching for employment, often struggle to find a place they call their own home. The acute housing shortfall in the major cities such as Lagos forcing people to live in substandard housing with poor hygiene. In addition, the urban housing crisis leads to more frustration, uncertainty, and anxiety.
According to studies, Nigeria, which currently has around 180m population, is estimated to become one of the most populated countries in the world by 2050. It clearly shows the need for affordable housing in the country is only likely to expand further. With the current housing shortages, increasing demographic expansion, and rapid urbanization, Nigeria requires innovative interventions to meet housing requirements.
Fortunately, the situation is beginning to change with the arrival of several promising online platforms such as Pelow!
Major Causes of Affordable Housing Crisis in Nigeria
- Availability to finance is a severe challenge in Nigeria. Lack of access to finance affects the supply of housing and urban infrastructures in Nigeria, leading to substandard housing development.
- Heavy dependence on expensive building materials has skyrocketed the cost of housing and other infrastructure. Fortunately, when you choose Pelow, you can buy a dream house and pay monthly installments in Abuja, Nigeria.
- The increased urbanization is one of the major reasons behind the housing shortage in Nigeria. This is something that has put significant pressure on existing infrastructure and leads to an affordable housing crisis.
- Nigeria's housing sector is deeply affected by the lack of maintenance in infrastructure. Poor maintenance of the housing infrastructure affects its performance and leads to premature damage. With Pelow, you can buy a house in Lagos and pay installments.
Here's What You Need to Know About Pelow
- Fortunately, people are in a moment of tremendous change in Nigeria with the introduction of Pelow, making affordable housing more accessible.
- Pelow provides an innovative and easy-to-access platform to address Nigeria's most pressing social and economic concerns so you can meet your financial needs and live a dignified life.
- While the unattractive mortgages have always remained a challenge in Nigeria, things are starting to change with Pelow, and financing has become more accessible and convenient with donations campaigns.
- The introduction of Pelow in the affordable housing market is playing a critical role in meeting the demand for low-cost housing. Nigeria's housing shortage is estimated at 17 million units.
- With that in mind, Pelow is committed to providing access to low-cost housing through its customized and reliable online platform. Pelow strives to bring more transparency and visibility in the housing market that caters to the needs of all the parties involved.
What Makes Pelow Different from Others?
Pelow aims to see you live with pride and honor, regardless of income or gender. Pelow has therefore made affordable housing more accessible for you than ever before. If you stay in Lagos or Abuja, you might understand how challenging and daunting it can be to find a high-quality or affordable home. Thankfully, Pelow focuses on making the home buying process less complicated, comfortable, and trustworthy.
- Pelow aims to make the Nigerian housing market more transparent, convenient, professional, and comprehensive, so you can find homes that meet your budget and needs.
- Want to buy an apartment in North Carolina but lacking funds? Don't worry; Pelow can provide access to the best cheap apartments in Charlotte, NC.
- Pelow believes that housing is a human right, not a property to be bought and sold for advantage. They believe that everyone should access an affordable, safe, and warming place to call home.
The Bottom Line
Today many low-income earners in Nigeria are suffering from an affordable housing crisis. Every day around 40,000 Nigerians relocate to the urban areas to find work. As a result, urban areas in Nigeria struggle to keep up with the growing demand for affordable homes. Pelow provides a reliable, easily accessible, and comprehensive platform dedicated to transforming Nigeria's housing markets by providing high-quality, affordable homes to low-income families.
