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Tag Archives: real estate

High mortgage interest rate delays housing delivery – Experts

housing

The impact of high mortgage interest on the nation’s housing delivery has continued to be a source of worry for operators. This is because of the importance of housing finance in improving coverage rate, which has unfortunately remained at a dismal 25 per cent. Experts have insisted that housing finance is central to the nation’s economic development. Lack of proper ...

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Shareholders urge FG on ease of land acquisition process, fees

shareholders

In a renewed move to attract more real estate investors and encourage effective property documentation in the country, shareholders are seeking Federal Government’s intervention to ease land documentation process and fees charged on documentation. National Chairman, New Dimension Shareholders Association, NDSA, Mr. Patrick Ajudua, made the appeal at the just-concluded 12th Annual General Meeting of Infinity Trust Mortgage Bank, ITMB, ...

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5 Real Estate Marketing Tools Every Agent Needs To Use

Real Estate Marketing

As more buyers and sellers go online in search for real estate deals, there is the need for every real estate agent to have thorough and effective real estate marketing strategies to employ in order to stay afloat in the real estate market. In recent times, it has been discovered that over 90% of intending home buyers go over the ...

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EFCC urges court to sustain interim forfeiture of Diezani’s properties

interim forfeiture

The Economic and Financial Crimes Commission, EFCC, has urged the Federal High Court In Abuja not to vacate the interim forfeiture order it placed on 19 properties linked to the immediate-past Minister of Petroleum Resources, Mrs. Diezani Alison-Maduke. The anti-graft agency said it traced the properties the ex-Minister bought in Nigeria, the United Kingdom and the United States of America ...

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5 Nigerian Kings who are big players in the Lagos real estate scenery

5 Nigerian Kings who are big players in Lagos real estate scenery

In Nigeria’s real estate sector today, particularly Lagos, there are a number of top Nigerian kings and monarchs who have overtime, become quite influential when discussions regarding the sector are being made.  These are first-class Obas in their own right who have relative measures of strong-hold on their respective empires (communities) and bring about peace & orderliness among their people. To a large ...

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Dangote, Larfarge cement, looking up to investors for growth

Dangote

Dangote Cement Plc and Lafarge Africa Plc are said to be looking up to investors to help raise capital that will enable the companies to take advantage of proposed infrastructural budgets in Sub-Saharan African countries, including Nigeria. This, they hope, will ensure growth in the sector and overall economic development. Recall that the Nigerian Government had earlier this month passed ...

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LSETF partners developer, Jobberman to create jobs for unemployed youths

unemployed youths

The Lagos State Employment Trust Fund (LSETF) has entered into partnership with Jobberman and American Towers Corporation (ATC), to empower unemployed youths in Lagos State. ATC is one of Nigeria’s leading independent owner, operator and developer of wireless broadcast communication, as well as real estate firm. According to LSETF, the collaboration is in line with its mandate of bridging the ...

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Developers lament over sourcing of funds for investment in real estate

developers

Developers– The momentum for housing finance support by mortgage banks, particularly in Abuja, appears to be shifting early to medium income and luxury homes, with the completion and kick-starting of new projects in the Federal Capital Territory (FCT). Over the years, the government had been the major player in the area of housing delivery in Nigeria, by providing direct finance ...

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15 house hunting struggles only Nigerians can relate to

15 House Hunting Struggles Most Nigerians Can Relate To

This list is a compilation of things most Nigerians who have gone house hunting sometime in the past have probably experienced. Please note that this list is my own light attempt at humour and trying to make you laugh after a hard day at work. Laughter as they say, is the best medicine; so feel free to laugh. House hunting ...

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NIESV seeks reliable data in housing sector

NIESV

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has disclosed plans to create verifiable data for prospective investors in the housing sector. Chairman of the Lagos branch of the institution, Rogba Orimolade, stated this yesterday during a courtesy visit to The Guardian in Lagos. He said the initiative, to be spearheaded in Lagos, would address the shortfalls in the ...

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