Ikoyi real estate slightly rebounds, records upsurge in new developments
Notwithstanding the economic recession and vacancy rate that are unsettling the real estate sector, Ikoyi seems to remain a place of choice for developers and independent builders in the country.
Unplanned ‘estates’ proliferate in Lagos
Daily, clusters of residential structures are sprouting up in different parts of Lagos State in the name of residential or housing estates, but without appropriate appurtenances or facilities.
Estate surveyors decry non-inclusion in assets declaration
Notwithstanding no specific law mandating the Code of Conduct Bureau (CCB) to engage the services of registered Nigerian Estate Surveyors and Valuers (NIESV) in the process of assets declaration, the professional body reiterated that its involvement would deepen the nation’s democracy, especially curb the wrong valuation of assets.
Discordant tunes over N30.94b housing budget proposal
After over 58 years of Nigeria’s independence, the housing delivery system remains unpleasant due to several factors and challenges. However, experts say poor budgeting and implementation remain clogs in the wheel of progress. Although, the Nigeria real estate sector is growing fast and is now the sixth largest sector in the economy, it still has…
Experts predict further dip in real estate market
A combination of heightened uncertainty and eroding affordability is expected to cut into demand and contribute to a weaker real estate market in 2019, and 2018 harsh economic...
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.
People living above eighth floor less likely to die early
A new research has revealed that living in a high-rise flat could be the secret to a long and healthy life.
‘Dynamic mortgage industry is a function of virile economy’
The issue of using pension funds to finance the housing deficit is a debate and question that has been around for long. Almost akin to the issue of using funds in the dormant account of financial institutions to fund real estate.
Experts foresee year of low expectations, worst outlook
After an initial effort by Buhari administration that eventually turned out to be a ‘false start’, fresh policy changes have been recommended to rescue Nigeria out of the heavy clouds ...
FIABCI to honour institutions, individuals in real estate sector
The Nigerian chapter of the International Real Estate Federation (FIABCI) plans to honour and promote individuals and institutions recognized as drivers of growth in the real estate sector.