Real Estate

Experts in the nation’s real estate sector have described lack of good infrastructure as the reason for the slow pace of real estate growth in the country. They spoke at the national conference and yearly general meeting of the Nigerian Institute of Quantity and Surveyors (NIQS) entitled: “Infrastructure cost management: contemporary issues and emerging trends”…

A Lagos-based firm, Purple Real Estate Income Plc, has signed agreements with high-profile retailers and businesses including Tommy Hilfiger, Levis’, and Aldo to become new tenants and partners at PurpleLekki retail outlet. The facility is a new 38 square metre development, which is responding to growing demand for all-inclusive living and domestic retail. The subscribers…

Doing business in Nigeria is considered by many as an extreme thing to do, due to the several challenges that have persisted over the years. Nigerian youths are some of the fearless, courageous and daring set of people on earth. They surmount  obstacles in almost every endeavour. Entertainment, sport, innovation and science and technology are…

Real estate investing has long been considered an effective strategy for investors seeking to diversify their portfolios, generate passive income, and create generational wealth for themselves and their families. The space has been booming recently and is set to take intriguing turns moving forward. Most people find the world of real estate investing intimidating. The…

There are concerns that despite the nation’s construction and real estate sectors contributing N20 trillion to the Gross Domestic Product (GDP), many Nigerians are unable to own homes and rent property in major cities in the country.

Notwithstanding increased adoption of technology to leapfrog development in Lagos, insights from ongoing study released by the African Cities Research Consortium (ACRC) – a multi-city project, point to limited success, or in some cases, reversed development for intended beneficiaries.

The Group General Manager, Ostia Property and Homes, a subsidiary of NIMCO group, Mr. Olumide Banjo, has called on government to prioritise the provision of affordable housing for Nigerians.

Hope of improved housing sector and infrastructure for Nigerians may be a mirage, following abysmally low budget allocation to the sectors in the 2023 fiscal year.

Messrs Dexdee Fountains has announced bargain prices for its prospective buyers during the Yuletide period.

Towards attracting more investors in the sector, the International Real Estate Federation (FIABCI), Nigeria Chapter and a Senior Advocate of Nigeria, Ebun-Olu Adegboruwa, have charged government to simplify land administration processes, especially land titling by developing a central data system.

To increase housing stock, the Federal Government plans to complete its 748 housing units, which are at 97 per cent stage, by December.

In a novel move to increase the housing stock, a property developer, Pentland Realties Limited (PRL), has announced plans to jump-start its affordable residential development situated in Azagba- Ogwashi, within Asaba Territorial district, Aniocha North council of Delta State.