Housing Environment in Enugu Metropolis under Inflation Pressures in Nigeria

Abstract

Inflation, as a socio-economic phenomenon, is a serious issue in development in developing countries, like Nigeria, because high inflation rate exerts pressures on domestic macroeconomic conditions, with the potential to derail the economy from the path of sustainable growth and development. This review study analyses the impact of inflation on the housing environment in Enugu, Nigeria. Results show that the Nigerian economy has been turbulently impacted by double-digit inflation rates. The impact
reflects in the decline in gross domestic product, which invariably affects housing environment. It recommends pro-active steps by way of provision of housing units, among other measures, to minimise the pressures of inflation on housing environment.