Real Estate
22 Jan
Rising inflation and exchange rates are among the headwinds in the country’s real estate and construction sectors increasing borrowings due to higher prices of imported building materials and machinery.
22 Jan
Experts have advocated removal of impediments to cross border transactions and collaboration among real estate professionals in Africa as a means to grow the sector.
15 Jan
A new report has projected a rebound in cement sector’s performance in 2024 based on the increased infrastructure budget for 2024 at N1.32 trillion and the creation of the Infrastructure Support Fund (ISF) by the Presidency
15 Jan
• Begins 28-storey residential project in Landmark city One of the major investors in Lagos real estate, Landmark Africa has called for a conducive environment for property developers and intervention of the authorities to secure investments along the Atlantic Ocean beach corridor in Victoria Island, Lagos. The company believes that securing the area from social…
15 Jan
A civil society group under the aegis of Take-It-Back Movement (TIB) has decried the impacts of the high rents on households’ income across the country and called for government’s intervention.
15 Jan
Many developers are increasingly rejecting turnkey projects due to the huge financial outlay needed and other operational challenges, despite reduction in new commercial developments.
15 Jan
The Federal Government has completed an audit of the National Housing Programme (NHP) and reviewed the allocation process, while retaining the controversial selling prices for housing units fixed by the Muhammadu Buhari Administration across the country.
15 Jan
The real estate sector in Nigeria, despite its substantial contribution to the nation’s GDP, has faced a downturn in the last three and half years. Several factors contribute to this decline.
1 Jan
Despite economic headwinds and challenges with obtaining building permits, experts predict that the demand for housing will remain strong, and the market will see a steady increase in property values this year.
1 Jan
The Federal Government and key players in the environmental sector have endorsed the Minimum Energy Performance Standards (MEPS) and labeling for lighting, which implementation would commence in the first quarter of next year.
1 Jan
An Abuja-based firm, Messrs Pennek Court Estate has appealed to the Federal Government to provide tax rebate for developers, which will enable them to deliver affordable housing to vulnerable Nigerians.
25 Dec
Faced with the reality of the times, housing experts have emphasised the need for bricklayers to embrace modern technologies, improve quality of constructions and guarantee quality assurance. Speaking at the 2023 edition of the Lagos State Bricklayers Association (LSBA) yearly general meeting (AGM) themed: "Traditional Masonry Techniques and Advancing Building Technology", a past President, Nigerian…
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