Real Estate

The platform is exclusively design and aimed at simplifying the commercial selling process by giving prospective buyers access to a full range of commercial, industrial and retail property assets for sale across Sub-Saharan Africa.

Against the backdrop of African real estate showing signs of recovery and stability, industry leaders and investors will unite again for the 6th edition of their yearly flagship real estate summit Real Estate Unite (REU) scheduled to hold from October 23- 24 at Eko Hotel, Lagos.

The move to increase housing stock in Lagos area has been boasted by the completion of 234 units in a private residential scheme, The Enclave, located within the confines of an ambitious 308-hectare project.

The Estate, Rent and Commission Agents Association of Nigeria (ERCAAN), has warned those who have no genuine intention for the profession to stay clear of the practice rather than constituting a menace to its growth.

Faced with the grim reality of a world in which up to one-sixth, of humanity- or some one billion people - exist without adequate shelter and basic services, governments around the globe are today pausing to marshall forces against the growing plague called homelessness.

Amid pockets of social instability in different parts of the country, land prices have continued to rise in most regions while prices of office spaces and houses were affected negatively in the real estate market within the first half of this year. 

Over 50 leading Nigerian companies and counterpart firms from the UK, Ghana, South Africa and UAE are some of the organizations that would participate at the 2nd Nigeria Real Estate Summit and Expo to be held in Lagos.

As part of activities to make many Nigerians own their private homes, a Lagos based real estate company, Adron Homes and Properties Limited has launched a promo that offers a-30 per cent discount on all its lands in Lekki, Ikorodu, Shimwawa, Atan-Ota, Ibadan and Abuja.

The issue of using pension funds to finance the housing deficit is a debate and question that has been around for long. Almost akin to the issue of using funds in the dormant account of financial institutions to fund real estate. 

Of the 90,000 properties studied, the fall was most pronounced in London, where the proportion of foreign landlords fell from 26 percent in 2010 to 11 percent this year.

In the first half of 2017, no new office deliveries were recorded, however around 52,000m2 of A-grade office space is expected to be delivered to the core markets of Ikoyi and Victoria Island over the next 6 to 12 months.

“I just felt comfortable within that circle (real estate), but you might say maybe it generates huge money, it might be so, but I wanted a platform where I could be myself, and will not be pushed around. So, I found real estate platform very convenient,”