How private developers stave off lull in property market
Since the marginal recovery from the recession last year, the real estate sector is still lagging behind general economic performance because of an uncontrollable micro economic index. According to the National Bureau of Statistics, the sector contracted further to –9.4per cent in Q1’18 from -5.92per cent in Q4’17 and -3.1per cent in Q1’17. High borrowing…
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.
‘Why new building technics are not prevalent in Nigeria’
Housing professionals have attributed the dearth of latest trends in building technology and construction technics in Nigeria to the poor economic situation, which doesn’t create the needed funds to import the devices. The experts also blamed the development on the fear of local artisans loosing their relevance in the industry. With changing times, there have…