Real estate operatives hold talks, map blueprint for sector’s reform
Eagerly awaiting the palliatives that will cushion the effect of the coronavirus pandemic on the real estate sector, operatives have jump-started collaborative efforts to provide leadership and leeway for the re-vigoration of the industry.
Experts fault FG’s new stamp duty on rent, certificate of occupancy, others
Estate surveyors and valuers have picked holes in Federal Government’s decision to collect stamp duty on house rent agreement and Certificate of Occupancy (C of O), saying the move is like putting a new wine in an old bottle.
Experts seek reform in mortgage sector
Seeks Dutch strategy to counter erosion Experts in the real estate sector have called for reform in the nation’s mortgage sector to allow for long-term funding. They reasoned that the mortgage system as presently constituted does not provide the needed support for housing in Nigeria Co-founder, DNJ Properties and Investment, Limited, John Okorie made the…
‘Only three per cent of land in Nigeria can create wealth’
The real estate sector is not the worst hit but was badly affected by the pandemic. You cannot compare the sector with the impact on entertainment, hospitality and aviation sectors, which are in bigger trouble.
Wike is estate surveyors’ 24th President, launches agenda for transformation
A give-pronged approach towards transforming and making its organisation the best professional-centric body has been launched by the new executive council
Low addition of local content bane of housing, say experts
Failure in the implementation of the local building materials’ policy has been blamed as a major snag in the nation’s housing delivery efforts.
Economic uncertainty triggers demand for warehouse space
As some retail and e-commerce firms are increasing operations to meet customers’ necessities and home deliveries, there is now a surge in demand for warehouse space.
How coronavirus impacts buyers in real estate market
Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray.
Demand for budget-friendly homes surges amid layoffs, pay cuts
As the Nigerian economy falters due to the ongoing coronavirus outbreak, businesses are worst off, prompting pay cuts in many companies, search by people living in rented houses for budget-friendly homes across cities and towns to reduce costs.