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Tag Archives: NREH

Firm Announces Auction of 150 Properties in Abuja

Senate Gives Area Council 3weeks Deadline To Clean Up Abuja

Real Estate Auction Network has announced auctioning of about 150 properties including commercial and residential houses, and plots of land located in all parts of Abuja. According to the firm, the auctions will be available for bids next month. With suggested opening bid starting of N5million, the properties, including ones on central locations in the Abuja metropolis is expected to ...

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FG Can’t Continue Funding of Airports – Minister of Aviation

FG Can’t Continue Funding of Airports - Minister of Aviation

The Minister of Aviation, Senator Hadi Sirika, has said the Federal Government can no longer sustain the funding of the 22 airports across the country thus they will be concessioned. The minister said the concession would start with the big four airports – Abuja, Lagos, Kano and Port Harcourt as government revenue dwindles. The minister stated this yesterday shortly after ...

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Vancouver Wealthy Overseas Buyers to Face New Real Estate Tax

Vancouver Wealthy overseas buyers to face new real estate tax

Vancouver, British Columbia, residents will soon get a larger cut from the real estate shopping spree that’s taking place in their city, courtesy of wealthy overseas buyers that are snatching up property there. The British Columbian government on Monday approved a new 15 percent tax on foreign property buyers in metropolitan Vancouver, as a surge in real estate purchases by ...

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Online Property Listing is Yet to Become the Magic Pill in Nigeria

Oluwafemi Taiwo is an Internet executive, long-time entrepreneur & strategic advisor. He is the Co-Founder and Managing Director of PrivateProperty.com.ng – Nigeria’s number 1 Real Estate portal.  In this interview with Elsie Godwin of Nigeria Real Estate Hub (NREH), he reveals that selling properties online hasn’t become the magic pill for real estate marketers yet but that there has been tremendous growth ...

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Stakeholders Seek Pension Fund Investment in Housing

Pension Funds To Be Invested In Real Estate

Stakeholders in the building and construction sector are calling for more investment in housing development from the growing pension fund. The Chairman, Association of Estate Agents in Nigeria, Mr. Chudi Ubosi, said at a Mandatory Continuous Professional Development Programme of the Nigerian Institution of Estate Surveyors and Valuers, Lagos State Branch, that it had become clear that there was a ...

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Nigeria Ranked 83rd in Global Real Estate Transparency Index

Real estate challenges in 2015

A newly released biannual Global Real Estate Transparency Index (GRETI) 2016 by property consultancy firm Jones Lang LaSalle (JLL), Nigeria ranks 83rd out of 109 markets covered. Nigeria’s real estate transparency score was 3.8 in 2016, a marked improvement in transparency. The scores in the Index range between one and five, with one representing the highest level of transparency and ...

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Stakeholders Urge Government to Resurrect Home Completion Loan Scheme

Estate Developer's loan

Stakeholders have called on the government to revisit home completion loan scheme. The scheme supports the new paradigm for unlocking housing microfinance and leverages on incremental development that most Nigerians use in acquiring new homes as well as renovate and upgrades existing structures. The scheme is expected to catalyze the demand side of the equation. Stakeholders that attended the 10th ...

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Kourtney Kardashian Splashes $6600/night on Luxury Accommodation While on Holiday

Kourtney Kardashian splashes $6600/night on Luxury Accommodation While on Holiday

Kourtney Kardashian splashes  $6600-per night on stay at luxury accommodation while on holiday with Scott Disick and kids The 37-year-old reality star has spared no expense while on a lavish holiday with Scott Disick and their kids in Nantucket. The family is reportedly holed up in an opulent 7-bedroom mansion which costs $6600-a-night. Reports have it she rented the luxury ...

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Abuja Housing Show Awards Prominent Nigerians

ECCIMA raises alarm over increasing housing deficit in the South-East

Six governors and companies bagged various awards at the Abuja Housing Show awards held at International Conference Centre for pursuing mass housing policies and bringing innovations in the construction sector. The governors are Umar Ganduje (Kano), Simon Lalong (Plateau), Mohammed Badaru Abubakar (Jigawa), Ifeanyi Okowa (Delta) and Ifeanyi Ugwuanyi (Enugu). In the company category, Solignum won the Wood Preservative Product ...

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Dubai Real Estate Market Draws $15.5bn in First Half of 2016

Dubai Real Estate Market Draws $15.5bn in First Hal -NREHf of 2016

Investors, mainly Arab and foreign nationals, poured Dh57 billion ($15.51 billion) into Dubai’s real estate market in the first half of 2016, according to the Dubai Land Department’s (DLD) transactions report. As many as 26,000 investors from 149 countries, with the majority being GCC nationals, invested in the Dubai market during the period, the report issued by the DLD’s Real ...

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