Transcript Nigeria, Nigerian Real Estate Developers Association

NIGERIA STATE OF THE HOUSING
INDUSTRY
PRESENTATION
IHA Secretariat
STATE OF THE HOUSING INDUSTRY PRESENTATION
TEMPLATE…. CONT.
2
COUNTRY:NIGERIA
NAME OF ORGANIZATION:
HOUSING DEVELOPERS COOPERATIVE SOCIETY LIMITED
1- ORGANIZATION OVERVIEW:
Housing Developers cooperative Society (HDCS) was registered on the 9th day of the
month of March, 2015 as the First and the only National Housing cooperative Society in
Nigeria. HDCS is positioned to be a leader for Quality and Standardized Housing
development in the real estate construction industry in Nigeria.


HDCS Ltd is a Consortium of Some very dynamic and Innovative Major Players in the
Real Estate Sector in Nigeria.
Our Vision and focused Business Plan is to deliver at least one (1) Million affordable
Houses in Nigeria.
STATE OF THE HOUSING INDUSTRY PRESENTATION
TEMPLATE…. CONT.
3
2- HOUSING ECONOMIC STATISTICS:
Starts:
- Single Family
- Multifamily
Percentages:
70%
10%
492.986 billion USD
Gross Domestic Product (GDP)
GDP Growth
Numbers:
2.8% / annum
2,758 billion USD
GDP Per Capita
House Price Index
Consumer Price Index
Unemployment
Home Mortgage Interest Rate
Home Ownership Rate
Population Growth/Net
0.49%
182 Index Points
9.9 %
20%
20%
2.8% / annum
STATE OF THE HOUSING INDUSTRY PRESENTATION
TEMPLATE…. CONT.
4
3- HOW HAVE ECONOMIC AND/OR POLITICAL CONDITIONS CHANGED SINCE THE
BEGINNING OF 2015?
Since 2015, there has been a global fall in Oil price, which is well reflected on the
Nigerian Economy since the Economy is mainly Oil Based. There has also been a
recent change in Government after the conclusion of the last General elections in
Nigeria which has led to some changes in government implemented policies as
well.
4- HOW HAVE THESE AND RELATED INSTANCES OF INTERNATIONAL FINANCIAL MARKET
TURBULENCE, INCLUDING THE SLUMP IN COMMODITY PRICES, PARTICULARLY OIL,
IMPACTED YOUR HOUSING MARKET?
Our Economy is Mono, Oil being the major source of revenue. With the fall in the
price of oil globally in the international market and the recent change of
government, the housing market as well has dropped by 80% since 2015
STATE OF THE HOUSING INDUSTRY PRESENTATION
TEMPLATE…. CONT.
5
5- IF THE ECONOMIC AND POLITICAL DYNAMICS DESCRIBED ABOVE HAVE IMPACTED YOUR
MARKET, DO YOU EXPECT THESE CONDITIONS TO NORMALIZE BY YEAR END?
Yes__________
No__
6- IF YOUR MARKET HAS BEEN IMMUNE TO THESE DYNAMICS TO DATE, DO YOU EXPECT
TO SEE AN IMPACT ON YOUR HOUSING MARKET BEFORE THE YEAR IS OVER?
Yes___________
No___*
THANK YOU.
IHA Secretariat