Problems and Prospects of Forward Sale in the Nigerian Housing Market: A Critique of Policy and Modus Operandi

摘要: One way of dealing with the challenge demand uncertainty in property market is use forward sale. However, despite huge for housing Nigerian urban centre, it appears that strategy not popular base as expected. This study therefore examined challenges sale market. was achieved by reviewing institutional policy provisions and operational guidelines within which transaction conducted Nigeria. Existing studies this regards were reviewed while opinion three categories respondents, developers, buyers estate surveyors valuers Metropolitan Lagos State obtained structured questionnaire. The percentages options responses ranked. found developers prefer to harness benefits optimally, are reluctant method. Different responsible situation amongst lack protection buyer’s thereby exposing them developer’s default, poor construction quality or delayed implementation. It suggested government regulate improve confidence providing unhindered access development fund at no cost.