JustOne Homes CEO Taiwo Idowu on Rising Property Prices

Taiwo Idowu is the MD/CEO of JustOne Homes Ltd, a real estate company focused on addressing Nigeria's housing challenges. He explains that the increase in property prices is primarily driven by demand and supply dynamics, with Nigeria's growing population and heightened interest in home ownership.

Idowu notes that economic factors such as inflation, rising construction material costs, exchange-rate fluctuations, and infrastructure expenses have significantly impacted property values. He highlights that developers now face higher costs for materials like cement and steel compared to two or three years ago.

Despite these challenges, Idowu believes that the real estate sector should remain accessible to ordinary Nigerians through flexible payment options and affordable housing solutions. He stresses the importance of trust in the industry, stating that clients are increasingly concerned about the integrity of real estate practitioners.

Idowu concludes by acknowledging the opportunities present in Ogun State for real estate development.