Home » Real Estate (page 306)

Real Estate

Jamaica: Citizens can apply for property tax relief

Manager of Revenue Enhancement and Resource Mobilization at the Ministry of Local Government and Community Development Calvert Thomas says the Government is willing to work with persons who may have challenges to meet their property tax obligations. Thomas, in an interview with JIS News, said Jamaicans who find themselves in situations where they cannot pay their property tax may apply ...

Read More »

Property developers China Vanke and Dalian Wanda form strategic alliance

Two of China’s top developers are teaming up in a move that underscores consolidation in an industry hit by a market downturn. China Vanke, the country’s largest homebuilder, has formed a partnership with leading commercial property developer Dalian Wanda Group for strategic cooperation on land purchases and joint project development. The shares of both companies rose after the announcement on Thursday. ...

Read More »

Prominent New York investor buys Wynwood property for $10M

A company led by David Edelstein, the head of New York real estate group TriStar Capital, acquired a property in Miami’s hot Wynwood neighborhood for $10.23 million. The price equates to $588 per square foot for the retail space at 3322 N. Miami Ave., just on the edge of Wynwood near Midtown. That may sound pricy, but other Wynwood properties ...

Read More »

Let’s talk Mortgage

A Mortgage is described by the Lagos State Mortgage and Property Law to be the transfer of any interest in a specific movable or immovable property, for the purpose of securing the repayment of a loan against an existing or future debt, or the performance of an engagement which may give rise to pecuniary liability. A Mortgage also includes any ...

Read More »

Are Landlords complying with Lagos Tenancy Law?

The Lagos State Governor introduced the Tenancy Law in 2011, stating that the responsibility now falls on all property owners to make life bearable for those who rent their properties. How has this Law worked so far? Section 4(3) states that for new tenants, it will be unlawful for a landlord or his agent to demand or receive rent in ...

Read More »

Is ‘FESTAC’ a lost cause?

What is today known as ‘FESTAC’ sprang from the 2nd Festival of Black Arts and Culture hosted by Lagos in 1977. The Festival which was under the grand patronage of former President of the Federal Republic of Nigeria, Chief Olusegun Aremu Obasanjo who was then a Lt. General of the Nigerian Armed Forces and the Head of the Federal Military ...

Read More »

“NMRC is not as straightforward as people think” – Lanre Afolabi

In an interview with Elsie Godwin of Nigeria Real Estate Hub, the acting MD of New prudential Mortgage Bank, Mr. Lanre Afolabi who has garnered over 15years experience that span through Financial service sector: ranging from mortgage banking through investment/commercial banking and Real Estate, said NMRC is not as straight forward as people would think.   Read Below: How would you describe ...

Read More »

Controversy Surrounding N24.6 Billion FG’s Housing Bond

Investigations have revealed controversies surround the payment of the N24.56 billion bond raised to ensure the successful implementation of the federal government’s housing monetisation scheme in 2005. The Bond issuance programme, according to documents obtained by Daily Trust, was initiated at the instance of the Federal Government of Nigeria by the current Minister of Finance, Dr Ngozi Okonjo-Iweala 10 years ...

Read More »

Bengaluru is the king of India’s real estate market not Mumbai

Bengaluru

In 2009, at least five cities were ahead of Bengaluru—India’s technology heartland—on the list of the country’s top real estate markets. Not anymore. A survey by property data company, PropEquity, has found that the southern Indian city is now the country’s leading real estate destination, beating Mumbai, Pune, Thane, Noida and Chennai, which were ahead of it six years ago. The lists are based ...

Read More »

REDAN South West Zone elects EXCO

Real Estate Developer’s Association of Nigeria (REDAN), an agency tasked principally with the responsibility of facilitating the delivery of affordable mass housing in the country. The association has a membership strength of over 1, 500 members and is the brain behind any housing development or initiative that is organized and/or sponsored by the Federal, State & Local Governments, NGOs, private ...

Read More »