{"id":8659,"date":"2018-05-14T03:25:59","date_gmt":"2018-05-14T03:25:59","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/affordability-tops-abuja-housing-show-agenda\/"},"modified":"2018-05-14T03:25:59","modified_gmt":"2018-05-14T03:25:59","slug":"affordability-tops-abuja-housing-show-agenda","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/affordability-tops-abuja-housing-show-agenda\/","title":{"rendered":"Affordability tops Abuja housing show agenda"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<div id=\"attachment_288875\" class=\"wp-caption alignleft\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo.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:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo.jpg 1200w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-640x360.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-1062x598.jpg 1062w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-320x180.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-281x158.jpg 281w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-562x316.jpg 562w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-487x274.jpg 487w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-974x548.jpg 974w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-600x338.jpg 600w\" class=\"wp-image-288875 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-288875 lazyload\" src=\"https:\/\/i0.wp.com\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo.jpg?resize=1280%2C720&#038;ssl=1\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo.jpg 1200w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-640x360.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-1062x598.jpg 1062w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-320x180.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-281x158.jpg 281w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-562x316.jpg 562w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-487x274.jpg 487w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-974x548.jpg 974w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/festus-adebayo-600x338.jpg 600w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><\/noscript><\/p>\n<p class=\"wp-caption-text\">FESTUS ADEBAYO<\/p>\n<\/div>\n<p>The issue of affordability continues to be the heart of the discussion in <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> for so many reasons; rent and sale prices are the seemingly obvious culprit causing concern with affordability.<\/p>\n<p>While it can be agreed that working to decrease costs to renters and potential homeowners is important and arguably has the most immediate impact, it\u2019s possible this has become the scapegoat of larger concerns.<\/p>\n<p>This is the thrust at the 12th edition of the Abuja International <a href=\"https:\/\/amazingproperty.com.ng\/blog\/sell-your-home-online-fast\/\">Housing<\/a> Show (AIHS) an offshoot of the International Housing and construction show limited, with the theme: \u2018Housing affordability versus affordable housing\u2019, taking place from July 16-19.<\/p>\n<p>According to the coordinator of the show, Mr. Festus Adebayo, housing affordability is an expression of the social and material experiences of people, constituted as households, in relation to their individual housing situations. Affordability expresses the challenge each household faces in balancing the cost of its actual or potential housing and its non-housing expenditures, within the constraints of its income.<\/p>\n<p>\u201cIn a period of doubtful economic times and scarce resources, it is more important than ever to ensure that there are <a href=\"https:\/\/amazingproperty.com.ng\/blog\/affordable-housing-markets-for-buyers\/\">affordable housing<\/a> options for families and individuals in need for generations to come. Abuja International housing show is working to be a catalyst that causes our Nigeria\u2019s policy makers to find ways to radically increase capacity and production to close the gap that exists between the supply and demand for affordable housing.<\/p>\n<p>\u201cAlthough different countries have different definitions for affordable housing, it is largely the same, i.e. affordable housing should address the housing needs of the lower or middle income households. Affordable housing becomes a key issue especially in developing nations including Nigeria, where a majority of the population isn\u2019t able to buy <a href=\"https:\/\/amazingproperty.com.ng\/blog\/really-nice-property-for-sale-in-nigeria\/\">houses<\/a> at the market price.\u201d<\/p>\n<p>Mr. Adebayo noted that disposable income of the people remains the primary factor in determining affordability. As a result, it becomes the increased responsibility of the government to cater to the rising demand for affordable housing. \u201cFor example in India, the Government of the country has taken various measures to meet the increased demand for affordable housing along with some developers and stressing on public-private partnerships (PPP) for development of these units.\u201d<\/p>\n<p>An important component of Abuja international housing show\u2019s strategic plan is its public policy education and advocacy goal which is to support efforts to promote policies\u2014both legislative and regulatory\u2014 aimed at improving housing opportunities for those in need. The show engages every level of an organization as well as our experience to develop and promote national, state and local policies aimed at narrowing the housing affordability gap of affordable homes for low-income persons and stabilize communities. We will work with other stakeholders, practitioners and advocates to advance our goal.<\/p>\n<p>Adebayo added that the show continues to occupy a unique position of being able to directly communicate a stakeholders perspective with three decades experience (the promoters) developing, <a href=\"https:\/\/amazingproperty.com.ng\/blog\/construction-loans-for-commercial-and-residential-builders\/\">financing<\/a> and managing affordable housing.<\/p>\n<p>The goal is to communicate and inspire action to address prevailing narratives and resource availability regarding how safe, decent, affordable rental housing positively impacts poverty, health outcomes, the needs of the workforce, and Nigeria\u2019s aging population.<\/p>\n<\/p><\/div>\n<p><a hre=\"https:\/\/guardian.ng\/property\/affordability-tops-abuja-housing-show-agenda\/\"> Guardian <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FESTUS ADEBAYO The issue of affordability continues to be the heart of the discussion in real &hellip; <a title=\"Affordability tops Abuja housing show agenda\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/affordability-tops-abuja-housing-show-agenda\/\"><span class=\"screen-reader-text\">Affordability tops Abuja housing show agenda<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":8660,"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_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":[1403,509,2890,1398,1399,15247,12908,543,627,127,617,489,344,522,1007,41,84,678],"class_list":["post-8659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-buy-house","tag-construction","tag-developers","tag-development","tag-ebay","tag-home","tag-home-buying-guide","tag-homeowners","tag-homes","tag-house","tag-houses","tag-housing","tag-nigeria","tag-owners","tag-property","tag-real-estate","tag-rental"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/festus-adebayo.jpg?fit=1200%2C675&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1942,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-is-realigning-with-historic-trends\/","url_meta":{"origin":8659,"position":0},"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":8873,"url":"https:\/\/amazingproperty.com.ng\/blog\/firm-seeks-support-for-affordable-housing\/","url_meta":{"origin":8659,"position":1},"title":"Firm seeks support for affordable housing","author":"Amazing Property","date":"August 6, 2018","format":false,"excerpt":"General Manager, West African Ceramics, Mr. Bhaskar RaoTo make house affordable to average Nigerians, foremost manufacturer of tiles, grouts and adhesives, West African Ceramics Ltd has called for the support of \u2018Buy Nigeria\u2019 campaign. General Manager of the firm, Mr. Bhaskar Rao, made the call at the inauguration of two\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":"Dsc0004 860x480.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/08\/DSC0004-860x480.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/08\/DSC0004-860x480.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/08\/DSC0004-860x480.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/08\/DSC0004-860x480.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/08\/DSC0004-860x480.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1767,"url":"https:\/\/amazingproperty.com.ng\/blog\/buy-vs-rent-index-says-buy\/","url_meta":{"origin":8659,"position":2},"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":4136,"url":"https:\/\/amazingproperty.com.ng\/blog\/an-uptick-in-housing-starts-matters-to-buyers\/","url_meta":{"origin":8659,"position":3},"title":"An Uptick in Housing Starts Matters to Buyers","author":"Amazing Property","date":"May 3, 2017","format":false,"excerpt":"Your home buyers may want to look more closely at the housing starts numbers, even if they don\u2019t intend to buy new. 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The nyt real estate features some nice properties for sale and rent for people looking to buy in new york , When you're looking to buy or\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":"nyt real estate","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/05\/nyt-real-estate.png?fit=1000%2C825&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/05\/nyt-real-estate.png?fit=1000%2C825&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/05\/nyt-real-estate.png?fit=1000%2C825&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/05\/nyt-real-estate.png?fit=1000%2C825&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8659","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=8659"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/8660"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=8659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=8659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=8659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}