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Bullion

Keywords

Property market, Real estate loans, Monetary policy rate

Abstract

The authority responsible for formulating monetary policies in Nigeria has focused more on the oil and gas sector while other sectors such as the property sector have not been given their deserved attention with regards to monetary policy formulation. Hence, this study examined the impact of monetary policy rate on the Nigerian property market. It was revealed that the key economic indicators that are relevant to the real estate sector includes interest rate, (monetary policy instrument), GDP, exchange rate , inflation rate as well as international oil price. The findings showed that in the long term monetary policy rate has significant impact on loan advanced to the real estate sector.

Author Bio

The authors are staff of the University of Lagos, Department of Estate Management.

Publication Title

CBN Bullion

Issue

3

Volume

42

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