Only mortgages can reduce housing deficit – Fashola

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Governor Babatunde Fashola of Lagos State

Governor Babatunde Fashola of Lagos State

Governor Babatunde Fashola of Lagos State on Thursday said home ownership through mortgage was the only way to address the problem of housing deficit in the country.

The governor spoke at the inauguration of Chois Estate, a housing estate in Lekki area of the state.

NAN reports that the 420-unit estate of bungalows and duplexes was delivered by the state government in partnership with a property development company, First Communities Limited.

Fashola said that the major barrier to home ownership was affordability, saying it would extremely be difficult for people to own homes if they were …Read More

Source:: PM Newspaper