In Nigeria, stakeholders in the real estate sector are urging federal and state governments to review taxes in the sector as part of ongoing tax reforms to improve housing accessibility. The multiplicity of taxes, high tax rates, and discriminatory practices have placed burdens on real estate developers and homeowners. Property taxes are a vital source of government revenue, but the current tax structure has hindered homeownership and slowed down the sector’s growth. Experts recommend industry-specific tax reforms, including tax holidays for developers to make housing more affordable, as a way to address the country’s housing deficit and stimulate real estate activities.
Velox Real Estate & Investment Limited Gives Away Plots of Land and Other Exciting Prices to Top Performing Realtors and Associates.
Velox Real Estate and Investment Limited, a prominent real estate firm based in Port Harcourt, recently hosted a remarkable event...
