A new concept, known as PREVIS, has been launched by James Cubitt Developments in Nigeria, with aim of helping at least 10,000 Nigerians purchase “liveable” homes. Nigeria is in the midst of a housing boom, primarily driven by significant demand due to a rising population; the country’s housing deficit in August 2012 was estimated to be 17 million. The project will build on existing infrastructure and provide affordable homes for those who cannot afford them. According to him, PREVIS has a mandate to provide 10,000 lifestyle homes for the growing middle class, enabling them to own property by simply paying rent. “We believe that if anyone can pay rent, they can own their own property if they so wish.”
A new concept, known as PREVIS, has been launched by James Cubitt Developments in Nigeria, with aim of helping at least 10,000 Nigerians purchase “liveable” homes. Nigeria is in the midst of a housing boom, primarily driven by significant demand due to a rising population; the country’s housing deficit in August 2012 was estimated to be 17 million. Based on this, when explaining the goal of the PREVIS initiative, MD of James Cubitt Developments, Mr. Oyediran Akinniranye said that ‘PREVIS’ is a consortium of like-minded consultants and contractors in the Nigerian real estate industry. According to him, PREVIS has a mandate to provide 10,000 lifestyle homes for the growing middle class, enabling them to own property by simply paying rent. “We believe that if anyone can pay rent, they can own their own property if they so wish.”