Building environment experts have revealed that cutting-edge technology holds key to lower house prices and increasing affordable housing stocks that could mitigate the nation’s deficit.
How FMBN can boost housing stock, by professionals
For The Vice President, Nigerian Institute of Building (NIOB), Mr. Kunle Awobodu, more efforts should be concentrated in tackling the bottlenecks associated with access to mortgages.
Lagos generates N20 billion in land administration
The performance, which surpassed the total revenue of N11.4 billion recorded in the previous year, came from transaction on the sales of land for industrial development in the state.
New housing solution emerges in Cedar Homes
A Lagos- based real estate company - Realty Point Limited has again unfolded its flagship mass housing programme, Cedar Homes, which is pioneering eco-friendly and environmentally sustainable gated community.
Mortgage banks propose one-year job insurance scheme
Fresh efforts are underway to seek pragmatic and contemporary solutions to the challenges in the mortgage sub-sector, following plans by the operators to extend loss of job insurance scheme, which will cover mortgage default up to a year.
Wemabod launches N3 billion Unity House redevelopment
A new era is dawning on the real estate sector, following the drive to boost office space in Lagos Central Business District, with the launch of a redevelopment plan for the 21-floor Unity House by Wemabod Estates Limited.
NMRC, Kaduna in landmark deal on Millennium City project
The agreement was executed at Government House by the Kaduna State through the Deputy Governor, Bala Bantex, an architect, with the expressed mandate of the Executive Governor of the State, Mallam Nasir El-Rufai..
Developers, firms in dilemma over rising building materials’ cost
For instance, cement price, which increased from N1500 to N2,350, has now gone up to N2,600 in Lagos area; the cost of rod has skyrocketed from N170, 000 per ton to N300, 000 and
Operatives launch robust mortgage market system
The web-based platform promoted by Nigeria Mortgage Refinance Company Plc (NMRC), known as Mortgage Market System (MMS) is expected to enhance the efficiency of processes and costs in the entire Nigerian housing finance ecosystem.