Real estate stakeholders advocate a centralised platform to list property to streamline the acquisition and rental processes.
The Association of Real Estate Agents in Nigeria during its Summit, themed ‘Building Enduring Partnerships for a Future,’ held in Lagos recently.
A former president of the Nigerian Institute of Estate Surveyors and Valuers, Emeka Eleh, urged the institute to set up a multiple listing service, a marketplace for real estate.
“Rather than leaving these listing activities to property professionals and centres, it should be done by a standard recognised non-partisan body. Abroad, there are real estate boards in every city, and we know Lagos is a big city where we can have boards like this in different areas".He said
While reiterating the importance of listing property, the President of FIABCI-Nigeria, Gladstone Opara, noted that it would bring real estate transactions into the public domain.
“The main essence of the listing is that only serious-minded transactions would be dealt with in the sale or rental of property.
“A centralised listing system is very important, as seen in other cultures. It helps even in evaluating property, and one easily deduces the average rent price for a particular property.
“Data can easily be collected by calling different estate agents on rent prices in different parts of the country. These are the advantages of a centralised listing of property.” He said.
