Real Estate

Since independence, Nigerians have not seen the best of times in housing, as demand consistently outweighs supply, while prices are far beyond the reach of many citizens.

Lafarge Africa Plc, through its Geocycle team, and Lagos Recyclers Association (LAGRA) have stressed the need for constant cleanup exercises and proper management of the environment.

Amid increasing contribution of cities to the national economy, the future of many countries will be determined by the productivity of its urban areas, planners have said.

The Nigerian luxury real estate market has taken a beating lately due to several indices, which include stricter government regulations and economic factors.

Following the growing demand for standard warehouses by logistics companies, enterprises and multinationals in cities, the industrial market is facing acute shortage of state-of-the-art facilities and investors are opting to erect new warehouses in the outskirts, VICTOR GBONEGUN reports. As importers and logistics companies stockpile goods to hedge against inflation and skyrocketing exchange rate problems,…

Mr. Gbenga Ismail is the Chairman, Lagos branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV). He spoke to CHINEDUM UWAEGBULAM on the abandoned Federal Government properties in Lagos, ways to ensure effective home ownership, property taxation and tenancy law in the country. Since the federal capital moved to Abuja, several office structures…

There are palpable fears that lack of clear-cut policy by previous Federal Capital Territory administrators may undermine investors’ confidence in the real estate sector, while professional bodies are seeking increased funding, creation of appropriate structures or re-organisation of existing institutions for city planning, provision of basic infrastructure and urban services.

Engineers have been charged to embark on an aggressive sensitisation campaign and ensure competent professionals are engaged in building construction to stem collapsed building in the country.

To mitigate structural failures, the Council of Registered Builders of Nigeria (CORBON) has enjoined Nigerians to protect their investments by engaging only registered builders in housing projects.

The Edo State Development and Property Corporation (ESDPC), has reiterated its commitment to work with stakeholders to ensure housing initiatives align with the needs and aspirations of the state.

The absence of long-term borrowing and high cost of loans have made property developers to turn away from commercial banks and embrace affordable housing finance options for the low-to-middle income market.

Following the scramble by professionals in the built environment to participate in the Certified Accreditor Programme (CAP) recently introduced by the Lagos State government, the Building Collapse Prevention Guild (BCPG) has cautioned against mass registration of applicants.