Real Estate

Continued hike in interest rate by Central Bank of Nigeria (CBN) is having multiple effects on the mortgage market as it raises the cost of financing across all different segments of the real estate sector.

As the old order of practice is crumbling fast due to socio-economic factors, eggheads in the real estate profession have emphasised the need for re-strategising by policy makers, players and stakeholders in the real estate sector to maximize opportunities across Nigerian cities.

Members of the Association of Town Planning Consultants of Nigeria (ATOPCON) have been advised to explore opportunities in planning and innovative tools that will assist them to confront the challenges of Lagos urbanisation.

Stakeholders have decried over the poor condition of existing houses and lack of new houses, resolving that houses should be built up to standard, decent and affordable for residents in Lagos, especially for the low-income earners.

Anambra State government has expressed readiness to provide affordable housing for workers and described housing as cardinal point of the administration in the state.

The Nigerian Building and Roads and Research Institute (NBRRI) want Nigerians and investors to buy into the bamboo technology because of the multifaceted socio-economic value that can be derived from the plant for construction.

Dreams of lower construction costs by many prospective homeowners have once again been dashed, going by fresh increases in the prices of building materials in the market. The prices rose by over 70 per cent between January 2022 and May 2023, according to The Guardian survey.

Adron Homes and Properties Limited, a leading player in the real estate industry, has refuted reports making round social media of its alleged fraudulent land subscriptions, allocations and other transactions. This is just as the real estate firm, reassured its customers of integrity, transparency and accountability in all its business transactions. Recall that some social…

Investing in real estate has always been a profitable venture, but the stakes have never been higher than now in Lagos. With the city's rapid urbanization and booming population of over 20 million people, demand for housing, office space, and commercial properties have never been higher. This makes Lagos, arguably Africa's fastest-growing economy, one of…

The Managing Director of Kemsan Acres Global Limited, Mr. Oluwaseun Owoseni, has called for support from government at all levels toward tackling the problem of housing deficit in Nigeria.

Town planning consultants have been challenged to embrace global best practices of value addition, quality product delivery through creative innovation and technology to remain relevant.

With commercial real estate market impacted by major disruptions, including the global financial crisis and the COVID-19 pandemic, property valuations jobs are becoming hard to find among professionals.