Towards taking advantage of the existing gap in the market, property developers are shifting focus to the development of smaller housing units, usually sought after by millennials and first-time homeowners.
12 Jul 2021
Ahead of selecting a contractor for the multi-billion-naira Fourth Mainland Bridge project, the corridor has become a beehive of activities with estate agents reporting increased property transactions.
3 May 2021
3 With inflation trend rising, experts are foreseeing an increase in rent and property values within major cities. They also predict increase in property values due to high cost of construction materials as developers will spend more when building new properties. Besides, existing properties will also rise in value as a result of the reduced…
15 Feb 2021
As businesses begin to emerge from the COVID-19 crisis, many of those whose operations were significantly impaired are facing rent defaults, which piled up while they were temporarily closed.
17 Aug 2020
These are trying times for property owners in highbrow areas as the exit of expatriates is forcing them to reduce rents. The reality of the moment has continued to dawn by the day in the nation’s real estate sector
15 Jun 2020
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.
4 Mar 2019
The traditional offices have recently been superseded by coworking spaces which have proliferated all over the world.
17 Sep 2018
Poised to ensure the posterity of the profession, the business division of Nigerian Institution of Estate Surveyors and Valuers (NIESV) plans to explore the prospects and challenges of international competition .
14 May 2018
These are not the best of times for owners of warehouse and distribution space, as Nigeria’s industrial property market is witnessing an increase in vacancy rates for factory and warehouse segments.
11 Sep 2017
Amid the decision of the National Council on Lands, Housing and Urban Development (NCLHUD) to impose monthly rent payment on Nigerians, experts have urged the governments to tackle the inherent problems inhibiting housing rather than delving into issues expected to heighten problems in the industry.