Why progress is slow in real estate sector, by experts
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…
Firm woos subscribers to N1.4billion TM Meadows
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.
Developer begins $18.5b housing project in Abuja
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 to brainstorm on real estate challenges
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.
Marginal rent recovery fuels optimism in property market
Unprecedented correction in the property market is making landlords who originally seek out corporate tenants, for their properties, to prefer individuals (single) tenants, who can afford the rents, according to newly released Ubosi and Eleh Company’s Nigeria Real Estate Report 2018.
How smart city is driving real estate, urban innovations
Given the increasing rate of urban inhabitants in Africa, estimated to grow to 2.4 billion people, with most of the population increase expected to occur in the cities, the pressure to address the challenges are becoming more daunting.
Experts seek governors’ ownership of mortgage foreclosure bill
To guarantee the provision of affordable and accessible housing for all Nigerians, experts have called on state governors to take ownership of the process of passage of the Model Mortgage Foreclosure bill (MMFL) into law and ensure the implementation of land administration.
Lagos begins Revenue House renovation
New grounds have broken on the real estate market as Lagos authorities have acquired the famous Elephant Cement House, a multi-storey office complex situated at Ikeja Central Business District at a cost of N3.1 billion.
Downward slide in London’s prime property markets slowing
The downward slide in the prime property market in London is slowing and in some areas prices have started to rise year on year, the latest quarterly residential review reveals.Notting Hill has seen prices rise by 2.1 per cent on average on an annual basis in the 12 months to June 2018 and overall a third of prime areas in central London....
Rise in unsold units, vacancy rates trigger property glut
Not withstanding the Federal Government’s announcement on the end of economic recession, The Guardian investigation reveals that there is currently a property overhang in the market, with high number of unsold units and vacancy rates in major cities in the country. The scenario is not a surprise to property watchers as Nigerians have long…