{"id":5327,"date":"2017-07-17T03:40:35","date_gmt":"2017-07-17T03:40:35","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/group-targets-four-states-in-new-housing-index\/"},"modified":"2017-07-17T03:40:35","modified_gmt":"2017-07-17T03:40:35","slug":"group-targets-four-states-in-new-housing-index","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/group-targets-four-states-in-new-housing-index\/","title":{"rendered":"Group targets four states in new housing index"},"content":{"rendered":"<p>\n<\/p>\n<div id=\"\">\n<div id=\"attachment_188393\" class=\"wp-caption alignnone\" readability=\"36\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/ecf6133c7d1d6ebb74ec7247e351eb93-1.jpg?resize=1280%2C720&#038;ssl=1\" data-lazy-src=\"https:\/\/i0.wp.com\/guardian.ng\/wp-content\/plugins\/ventra-lazy-load\/images\/1x1.trans.gif?ssl=1\" data-lazy-srcset=\"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/ecf6133c7d1d6ebb74ec7247e351eb93-1.jpg 1280w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-640x360.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-1062x598.jpg 1062w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-320x180.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-281x158.jpg 281w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-562x316.jpg 562w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-487x274.jpg 487w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-974x548.jpg 974w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-600x338.jpg 600w\" class=\"wp-image-188393 size-full lazyload\" alt=\"\" width=\"1280\" height=\"720\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-188393 size-full lazyload\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/ecf6133c7d1d6ebb74ec7247e351eb93-1.jpg?resize=1280%2C720&#038;ssl=1\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/ecf6133c7d1d6ebb74ec7247e351eb93-1.jpg 1280w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-640x360.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-1062x598.jpg 1062w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-320x180.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-281x158.jpg 281w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-562x316.jpg 562w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-487x274.jpg 487w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-974x548.jpg 974w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/10\/Lagos-600x338.jpg 600w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><\/noscript><\/p>\n<p class=\"wp-caption-text\">Founder, Roland Igbinoba <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">House Price<\/a> Index (RI Index), Roland Igbinoba said the group plans to increase the coverage of the house price index on a quarterly basis until it fully covers all major cities that will enable investors adequately track house prices.<\/p>\n<\/div>\n<p>The Roland Igbinoba Real Foundation for <a href=\"https:\/\/amazingproperty.com.ng\/blog\/sell-your-home-online-fast\/\">Housing<\/a> and Urban Development is to track house prices in four states, namely Lagos, Abuja, Kaduna and Rivers. The RI Indices will reflect the effect of the recession in most of the areas in Abuja, Lagos, Rivers and Kaduna for the Q2 2017 RI Index.<\/p>\n<p>Founder, Roland Igbinoba House Price Index (RI Index), Roland Igbinoba said the group plans to increase the coverage of the house price index on a quarterly basis until it fully covers all major cities that will enable investors adequately track house prices.<\/p>\n<p>The Foundation has successfully published \u201cThe State of the Lagos Housing Market \u2013 2009 and 2016 editions\u201d; and also \u201cThe State of Abuja Housing Market Report\u2013 2017 edition\u201d.<\/p>\n<p>\u201cWith the level of acceptability and positive feedbacks received with respect to the publication of the first quarter RI Index for Lagos and Abuja, our plan is to repeat this achievement on a quarterly basis for the existing cities; and also launch the RI Index for other major cities. In the second quarter RI Index, Kaduna and Port Harcourt is under our consideration\u201d, Igbinoba said.<\/p>\n<p>According to him, the prospective beneficiaries of the RI Index are the stakeholders with interest in residential <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> market in Nigeria. They include but not limited to institutional investors, financial institutions, foreign investors, private equity firms, real estate developers, home buyers, government agencies and other individuals considering housing market as part of their portfolio to leverage on emerging opportunities in the fast-growing\u00a0market.<\/p>\n<p>\u201cThe RI Index will provide necessary handy information to make decision on when to purchase a house, where and even what type of house to buy. Also, Analysts are enhanced with the usage of the RI Index to monitor long-term trends in house prices. The information on the index is not limited to buying a property but also when making rent decision,\u201d he said<\/p>\n<p>It aids optimization of choice. \u201cThe usefulness of the RI Index cut across but not limited to the government (in making appropriate housing policy); and investors (by using the information to know the best location to <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/investing-how-to-invest-like-warren-buffett\"   title=\"invest\" data-wpil-keyword-link=\"linked\">invest<\/a> or the type of housing that will maximize investment in the medium and long term). Even as an individual, it will provide guidance in making the choice on just purchasing your first home or making an investment in housing\u201d, he noted.<\/p>\n<\/div>\n<p><a hre=\"http:\/\/guardian.ng\/property\/group-targets-four-states-in-new-housing-index\/\"> Guardian <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Founder, Roland Igbinoba House Price Index (RI Index), Roland Igbinoba said the group plans to increase &hellip; <a title=\"Group targets four states in new housing index\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/group-targets-four-states-in-new-housing-index\/\"><span class=\"screen-reader-text\">Group targets four states in new housing index<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4997,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[981,4751,1403,15239,1398,9697,1231,12908,543,617,14012,344,3833,1442,684,3058,522,41,818,84,2878,15282,15296],"class_list":["post-5327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-a-house","tag-amazing","tag-buy","tag-chase","tag-developers","tag-foreign-investors","tag-foundation","tag-home","tag-home-buying-guide","tag-house","tag-house-price-index","tag-housing","tag-housing-market","tag-in-housing","tag-lagos","tag-location","tag-nigeria","tag-property","tag-real","tag-real-estate","tag-real-estate-market","tag-ross","tag-target"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":127069,"url":"https:\/\/amazingproperty.com.ng\/blog\/us-housing-market-trends-2024\/","url_meta":{"origin":5327,"position":0},"title":"US Housing Market Trends 2024","author":"Amazing Property","date":"May 24, 2024","format":false,"excerpt":"Current Factors Influencing Home Prices Home prices have seen extraordinary growth due to the pandemic. Increased demand, rising building costs, and long-term supply constraints have all played a part. Let's break down these factors influencing home prices. Market Disruptions Pandemic-related disruptions such as increased demand and rising building costs are\u2026","rel":"","context":"In &quot;RealEstate&quot;","block_context":{"text":"RealEstate","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/realestate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/images\/factors-influencing-home-prices-post-pandemic.jpeg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/images\/factors-influencing-home-prices-post-pandemic.jpeg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/images\/factors-influencing-home-prices-post-pandemic.jpeg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/images\/factors-influencing-home-prices-post-pandemic.jpeg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/images\/factors-influencing-home-prices-post-pandemic.jpeg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1942,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-is-realigning-with-historic-trends\/","url_meta":{"origin":5327,"position":1},"title":"Housing Is Realigning With Historic Trends","author":"Amazing Property","date":"March 13, 2017","format":false,"excerpt":"Do your agents know how to answer the buy-versus-rent question from clients? Essentially, what people are asking is what\u2019s the best way to accumulate wealth, says Ken Johnson, a real estate economist, associate dean of graduate programs, and professor at Florida Atlantic University College of Business. \u201cHistorically, housing has won,\u201d\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131728,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-news\/","url_meta":{"origin":5327,"position":2},"title":"Housing News","author":"Amazing Property","date":"September 26, 2026","format":false,"excerpt":"Housing News: Stay Updated on the Latest Trends in Real Estate Housing news is crucial for anyone looking to buy, sell, or invest in real estate. Staying informed about market trends, mortgage rates, and housing developments can help you make sound decisions when it comes to property. In this article,\u2026","rel":"","context":"In &quot;RealEstate&quot;","block_context":{"text":"RealEstate","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/realestate\/"},"img":{"alt_text":"housing news","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2026\/09\/housing-news-updates.jpeg?fit=1080%2C720&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2026\/09\/housing-news-updates.jpeg?fit=1080%2C720&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2026\/09\/housing-news-updates.jpeg?fit=1080%2C720&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2026\/09\/housing-news-updates.jpeg?fit=1080%2C720&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2026\/09\/housing-news-updates.jpeg?fit=1080%2C720&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1767,"url":"https:\/\/amazingproperty.com.ng\/blog\/buy-vs-rent-index-says-buy\/","url_meta":{"origin":5327,"position":3},"title":"Buy vs. Rent Index Says \u2018Buy\u2019","author":"Amazing Property","date":"March 10, 2017","format":false,"excerpt":"The escalating costs of renting are making it a better time to purchase a home in most cities across the country, according to the Florida Atlantic University and Florida International University\u2019s Buy vs. Rent Index.\u00a0 Read more: Consumers Will Compromise to Buy Homes \"This is great news for homeownership and\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7821,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-get-real-about-home-values\/","url_meta":{"origin":5327,"position":4},"title":"Owners Get Real About Home Values","author":"Amazing Property","date":"January 16, 2018","format":false,"excerpt":"The gap between homeowners\u2019 and appraisers\u2019 perceptions on the value of properties is continuing to close. Homeowners, in general, still tend to slightly overestimate the price of their home, but not by nearly as much as they did a year ago. Home appraisals were, on average, 0.5 percent lower than\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Quickenloans 1.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/QuickenLoans_1.png?fit=835%2C537&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/QuickenLoans_1.png?fit=835%2C537&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/QuickenLoans_1.png?fit=835%2C537&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/QuickenLoans_1.png?fit=835%2C537&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6425,"url":"https:\/\/amazingproperty.com.ng\/blog\/buy-vs-rent-index-still-leans-toward-buy\/","url_meta":{"origin":5327,"position":5},"title":"Buy vs. Rent Index Still Leans Toward Buy","author":"Amazing Property","date":"September 26, 2017","format":false,"excerpt":"Which is better for your clients: accumulating wealth through home equity or renting and investing their savings? That\u2019s the fundamental question that the quarterly\u00a0Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index aims to answer. After examining 23 of the country\u2019s largest metro areas in the second quarter, home buying\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"united-states.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/united-states.jpg?fit=578%2C370&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/united-states.jpg?fit=578%2C370&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/united-states.jpg?fit=578%2C370&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Lagos.jpg?fit=1280%2C720&ssl=1","_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=5327"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5327\/revisions"}],"predecessor-version":[{"id":90850,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5327\/revisions\/90850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/4997"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=5327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=5327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=5327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}