DAVID CHINEDU ESINULO

The purpose of this research is to examine how real estate has influenced the availability of affordable housing in Nigeria. Real estate has the potential to contribute significantly to the growth of affordable housing. Until recently, knowledge about its composition and development was fairly limited. This research work seeks to document the significance of affordable housing as it has been recognized as a key priority by the Nigerian government, given the Real Estate sectors importance in addressing social needs and its role in the local economy. A central part of local capacity building in real estate is the use of local currency to match assets and liabilities and to minimize exposure to foreign exchange risk, thereby providing affordable housing. Furthermore, this study emphasizes the importance of using locally sourced materials in home construction in driving economic development and, as a result, providing affordable housing. It can have extremely beneficial primary and secondary effects in driving economic growth; however, in the design and construction of housing developments, architects, developers, and financiers must consider local habits and cultures. The findings of this study will have an impact on architects, estate managers, and other stakeholders in Nigeria, promoting sustainable urban development and affordable housing