Real estate practitioners in Enugu State have called on the government to intensify efforts in eliminating unqualified individuals from the real estate sector to ensure its growth and stability.
The Chief Executive Officer of Powell Homes and Shelters Limited, Mr. Chukwubuikem Onyekachi, made this appeal on Thursday during a chat with newsmen in Enugu.
He expressed deep concern over the increasing number of unqualified practitioners infiltrating the real estate market, which he said poses a significant threat to the integrity and professionalism of the industry.
According to Mr. Onyekachi, “The proliferation of quacks in Enugu’s real estate sector has reached alarming levels, undermining the credibility of genuine professionals and creating instability in the housing market.”
He emphasized that immediate and stringent action is needed to protect both investors and residents from the adverse effects of these unqualified operators.
Mr. Onyekachi, who also serves as the Publicity Secretary of the Real Estate Developers Association of Nigeria, Enugu State chapter, highlighted the importance of upholding standards in the industry.
“The presence of quacks not only destabilizes the market but also erodes the trust that is essential for healthy real estate transactions,” he remarked.
He proposed that the state government should enforce stricter regulations and licensing requirements to curb the activities of these unqualified individuals.
“By implementing rigorous standards and ensuring compliance, the government can safeguard the interests of both property developers and consumers, fostering a more reliable and secure real estate environment,” he added.
Mr. Onyekachi urged the Enugu State Government to take decisive action by formulating and enforcing policies that address these challenges.
“It is imperative for the government to intervene and regulate the real estate sector effectively, thereby promoting sustainable development and enhancing the state’s economic prospects,” he concluded.
He also commended Governor Ndubuisi for his outstanding performance in the state, which he said has been instrumental in attracting investors and promoting economic growth.
“Governor Ndubuisi’s efforts have significantly contributed to attracting investors to the state, fostering economic growth and development,” he remarked.
