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Tag Archives: Home ownership

Wema Bank promotes home ownership for youths

Wema Bank promotes home ownership for youths

“Wema Bank promotes home ownership for youths. It has reiterated its commitment to give the millennials (the youths) the opportunity to save and have their own homes, own cars or go on vacation.”- The Nation Armed with over seven decades experience on providing banking services, Wema Bank introduced an insight-driven, innovative digital offering to Nigerians earlier in the year. The ...

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How To Avoid Regrets After Buying a Home

Buying a home

Buying a home comes with its ups and downs. Some people are guilty of buying properties and moments later they feel it’s not worth the buy. In this article, we highlight ways we can avoid regrets after buying a home. Ever bought something special and later realized you didn’t need it or like it after all? Usually, returning it is ...

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Expert tasks estate surveyors on homelessness

low cost housing

“Poverty, low access to mortgage finance got special mention when an expert gave a long list of factors that have made home ownership in Nigeria almost impossible. Other factors of homelessness include title holding, high cost of land, especially in urban centres, building materials which are largely imported, etc.”- Business Day Poverty is a native in Nigeria. It is estimated ...

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Moves to tackle affordable housing shortage in Nigeria

17 million housing deficit

According to The Guardian, in the face of a housing deficit that numbers millions of units, Nigeria is working to tackle affordable housing shortage by improving access to credit and reducing development costs for low-income housing. Easing mortgage access In March the federal government announced it would waive an initial 10% payment on mortgages below N5m ($15,700) administered by the state-owned ...

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New land survey fees begin in Lagos, threaten homeownership

New land survey fees begin in Lagos, threaten homeownership

“Hopes of cheaper construction cost and land ownership for prospective property developers may still be a pipe dream going by fresh increase in land survey fees in Lagos area by the Nigerian Institution of Surveyors (NIS).”- Guardian reports. The increase by Lagos chapter of the institution, which may act as a test bed for professional scale of fees in the built environment sector ...

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NMRC partners Kaduna on mortgage penetration, home ownership

Investors holding back on the Nigerian property market despite opportunities

“In the quest to deepen mortgage penetration and promote home ownership in Nigeria, Nigeria Mortgage Refinance Company Plc (NMRC) has signed a memorandum of understanding (MoU) with the Kaduna State government.”- Vanguard reports. The MoU covers various collaborations between NMRC and the state government in the latter’s determined and structured efforts to facilitate affordable home ownership for its citizens. Among ...

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Important Warren Buffet Real Estate Lesson You Must Not Miss

Warren Buffet

We know a lot about what Warren Buffett thinks about investments and businesses. But we don’t know as much about what he thinks about real estate and homes. And it turns out, his honest opinion will surprise you. One of the more interesting businesses, which now falls into the wide umbrella of Buffett’s Berkshire Hathaway, is its real estate arm ...

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Buy Now Pay Later: Why is everyone doing this business?

buy now pay later

As at my last count, I realized we have over 50 development companies, trying to market over hundred projects within the Lagos, Ogun and Abuja axis. I stopped counting a long while ago, so you can imagine how much more we would have now. Until recently, when publication houses increased their advert rates, you would always see different advert publications ...

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Women tasked on home ownership

Women tasked on home ownership

Women have been encouraged to participate in Nigeria’s real estate sector in order to meet their growing needs and guarantee family’s future. Leading the call at a seminar themed: “Essentials for Success in Real Estate Investments”  and organised for Women by Knightstone Properties Limited in Lagos, former Attorney General/Commissioner for Justice, Cross River State, Mrs. Nella Andem-Rabana urged women not to ...

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