High property taxes dampen Ebonyi real estate market | The Guardian Nigeria News - Nigeria and World News

13 days ago The Guardian Nigeria

Notwithstanding increased investments in infrastructure by the Ebonyi government, the real estate sector in the state has nosedived due to high taxes imposed on properties. The property market has also recorded high percentage in the demand for residential apartments, but a low percentage in new projects development. “And they also impose an incredibly high rate in form of property taxes, while also introducing new forms of taxes on property and other assets in the state. According to her, the outskirts hold lots of potential for real estate investors. These areas with good road network are good for real estate investors.
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