Real Estate

The up-beat tempo in development of apartments along the Lekki-Epe corridors is apparently fuelling greater interest by investors and prospective homeowners...

Caught in the middle of harsh economic realities, the nation’s real estate sector is witnessing a worrisome trend as developers and investors continue to bow to market forces, thereby reducing the quality of housing deliveries. Construction materials alone constitute over 70 per cent of the cost of housing delivery, especially where low- income households are…

The controversy dogging the imposition of exorbitant service charges in various estates in the country is set to boil over, with bitter quarrels between the property owners or managers and the occupiers. In rare cases, the trouble has been between residents and associations executives. Service charge is a mandatory payment made by tenants toward the…

Since the marginal recovery from the recession last year, the real estate sector is still lagging behind general economic performance because of an uncontrollable micro economic index. According to the National Bureau of Statistics, the sector contracted further to –9.4per cent in Q1’18 from -5.92per cent in Q4’17 and -3.1per cent in Q1’17. High borrowing…

Ahead of the Independence celebration, two prominent developers in Lagos - Veritasi Homes and RevolutionPlus Property are offering incentives to prospective customers. Veritasi Homes has lined up amazing discounts, up to 40 per cent off the price of serviced plots of land for customers who might be interested in purchasing a property at the company’s…

Tee off to a brand-new golfing experience at the Dubai Hills Estate, the serene, lush lifestyle destination, developed as a joint venture by Emaar Properties and Meraas, and located only 15 minutes from Downtown Dubai and City Walk. The construction of the 18-hole par-72 championship golf course designed by European Golf Design of Dubai Hills…

Experts in real estate yesterday blamed policy inconsistencies, delay in legal process, poor state of infrastructure and inadequate access to finance for the slow progress recorded by the sector in the country. According to the experts, who were drawn from the public and private sectors, only collaborative efforts by players in the industry can position…

Amid the lull in real estate market, Lagos-based property development firm, Messrs Tetramanor Limited has announced incentives for prospective subscribers in 40-unit project located at Ebuta-Metta in Lagos.Known as TM Meadows, the project consist of two, three and four bedrooms apartments, all fully finished with maid’s rooms.

To bridge the housing shortfalls, Messrs Merrybells group has introduced a new investment platform that harnesses opportunities in home ownership schemes and provides house types on convenient payment structure.

A Dubai-based property developer has commenced $18.5 billion sites and services project expected to provide over 140,000 housing units within Centenary City in Abuja.Unveiling the initiative in Abuja, a co-investor/ developer, Alhassan Dantata....

Stakeholders in Nigerian real estate are to converge/deliberate on the economic dynamism of the sector and advocate for policies that will address many challenges inhibiting its full potential.

The Minister of Power, Works and Housing, Babatunde Fashola, the President/CEO of Dangote Group, Alhaji Aliko Dangote and the Managing Director of Federal Mortgage Bank of Nigeria...