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Tag Archives: Real estate sector

NIESV bemoan poor remuneration of real estate operators

NIESV

Mr. Rowland Abonta, the National President of Nigerian Institution of Estate Surveyors and Valuers (NIESV), at the weekend, decried the poor remuneration of operators in the real estate subsector of economy. Mr. Rowland Abonta, the National President of NIESV, made the observation while inaugurating the Corporate Affairs Committee for the 2018/2019 year in line with the provision of the institution’s ...

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AMCON lauds CBN on new lending policy

AMCON

The Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has commended the directive of the Central Bank of Nigeria (CBN) compelling commercial banks to lend the real sector for economic growth. Kuru stated this at the Institute of Directors (IoD) 2018 luncheon held in Lagos. The Managing Director of AMCON also noted that lending to the ...

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Real estate sector has not recovered from recession – Expert

real estate sector

The Managing Director of Alpha Mead Facilities and Management Services Limited, Femi Akintunde, has stated that despite an improvement in macroeconomic fundamentals in the country, that activities in the real estate sector is not responding accordingly. Akintunde, who stated this during the AMF annual Facility Management Roundtable, hinted that he was optimistic that as facilities managers, they can stimulate the ...

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Architectural companies embrace more design and build concepts

architectural companies

More evidence that architectural companies are embracing design and build concepts are emerging, following the lull in the construction activity. The move is triggered by declining new projects coupled with escalating construction cost that has forced individual builders to vacate sites. Design-build is a project delivery system used in the architectural companies. It is a method to deliver a project ...

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MBAN calls for exploration in real estate to aid development

exploration

Mr Adeniyi Akinlusi, President, Mortgage Banking Association of Nigeria (MBAN), on Wednesday urged exploration of the potentials in the real estate sector to aid economic development and alleviate poverty. Akinlusi, who made the call in an interview with the News Agency of Nigeria (NAN) in Lagos, said that there were untapped resources in the real estate and construction industry. He ...

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The Challenges of Financing Real Estate Developments in Nigeria

Financing real estate developments

Proper financing is all-important to successful property investment and development. In this article we take a critical look at the challenges of financing real estate developments in Nigeria. The term ‘development’ as defined in section 2(1) of the Nigerian Town and Country Planning ordinance 1948, states that “development in relation to any land includes any building or rebuilding operation and ...

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Nigeria’s real estate sector to record 5.39 per cent growth

Real estate sector

“Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020.” The Guardian The growth, experts said, would however depend on the supports from private and public investments, agricultural revolution, favourable oil prices, increase in volume of oil production and capable political leadership. This is the ...

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