Nigeria Mortgage Refinance Company plc plans to raise up to N10 billon by issuing 15-year bonds, as part of its N140 billion medium-term note programme, to access long-term funds from the capital market for its refinancing activities. The proposed bond is considered an impact bond as it is expected to provide the much needed funding that will engender increased mortgage ...

A 10-year overview of the property market in Scotland has revealed a mixture of “highs and lows”, with average prices increasing over the decade but the volume of sales falling. The Registers of Scotland (RoS) report showed the average house price was up 35 per cent, from £123,977 in 2005-06 to £167,396 in 2014-15. However, during the course of the ...

Mosquitoes have become resistant to insecticides and malaria parasites resistant to drugs. In a research conducted by the London School of Hygiene, researchers looked at how making changes to houses might contribute to tackling the deadly disease. Scientists have claimed that housing improvements in certain settings can help eradicate malaria. The study found that residents of modern homes were 47 ...

The Overseas Private Investment Corporation, the US Trade and Development Agency, and the Millennium Challenge Corporation, have restated their commitments to support Nigeria and other African countries in the development of sustainable infrastructure, Vanguard reports. Last week the US agencies  highlighted the need to bridge the huge infrastructure gap on the continent notably in power, health and road infrastructure. Speaking ...

Chicago officials have nominated the former CEO of the Toronto Community Housing Corporation as the acting leader of the Chicago Housing Authority. Mayor Rahm Emanuel announced the nomination of Eugene Jones last week. He’ll replace Michael Merchant who leaving the post for other opportunities. Chicago officials praised Jones’ experience working for housing authorities in several major cities including Detroit, San ...

In property scam, the fraudster claims ownership of a property and after one or more transactions and negotiations, they abscond with the money; hence, leaving the victim completely broken depending on the amount of money involved – which is usually a lot. One of the banes of this type of scam is the length of time it takes to discover ...

Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State branch has appealed to new government in Lagos State to extend its hands of fellowship to the institution in the area of formulating, implementing and executing some policies in strategic areas in real estate sector so as to effectively and efficiently carry out to achieve its objectives. Such areas include ...

Abdullahi Muhammed Hanga, the Kano State legal practitioner, is scheduled to appear in court on Tuesday following his arrest for alleged property fraud. The Economic and Financial Crimes Commission (EFCC) arraigned him before Justice Aisha Mahmud of Kano State High Court for alleged fraud to the tune of N45 million. It is alleged that one Hadiza gave the accused the ...

Canada housing looks good as the data released by the Canada Mortgage and Housing Corporation (CMHC) on Monday showed seasonally adjusted annual rates (SAAR) of housing starts rose 201,705 units in May, up from 183,329 units in April.   The trend measure of housing starts in Canada was 181,231 units in May compared to 179,524 in April. The trend is ...

A report by the National Bureau of Statistics has revealed that Lagos, Abuja and Portharcourt, Nigeria’ commercial, administrative  and petroleum industry capitals respectively, are the top real estate investment destinations, and account for as high as 65 percent of all activities  in this asset class. The report indicates that Lagos has the greatest amount of real estate activities at 37 ...