Housing/Property
Property Developers Return To Sites
As the dry season sets in thereby facilitating uninterrupted business by rain, property developers have mobilised back to site for continuation of business.
Many property developers abandoned their building sites at the peak of the raining season when trucks could no longer convey materials to sites due to the porous soil texture and other attendant problems that made it difficult for building activities to thrive.
Some sites that were abandoned during the rainy period within the Obio/Akpor areas where development activities are taking place have now witnessed a sudden remobilisation to work.
Some places that were flooded during the wet season are now dry, paving way for very dry ground for trucks and other vehicles to convey materials.
One of the property developers whom The Tide spoke with, Pastor ThankGod Loveday said that development activities thrive during the dry season, pointing out that the rainy season hinders development as materials are always destroyed, apart from the difficulty in conveying them down.
He however pointed out the one problem that many developers will face this current development season is the high cost of cement, as this might frustrate the effort of many in completing their projects within the short period of dry season, as is the case in Rivers State.
ThankGod blamed the high cost of cement on producers and their financiers who are taking advantage of the seasonal high demand in the construction industry to increase price.
According to him “Some of the abnormalities noticed in building material market, particularly the cement is purely artificial especially from the major or big producers like the Eagle Cement, and whatever that happen from their area effects the cement market negatively.”
Corlins Walter