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Tag Archives: Social housing

FMBN urges primary mortgage banks to harmonise their interest rates

interest rates

The managing director/chief executive of Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa has called on Primary Mortgage Banks (PMBs) to harmonise their interest rates in order to conform to the laid down uniform underwriting standards. He also enjoined PMBs to spread their branches to cover the entire country for easy access of mortgages by Nigerians. He stated ...

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Stakeholders of real estate advocate stratified sector for affordable housing pricing

affordable housing pricing

Guardian reports that to address the real estate market in a more focused way, experts have called for stratification of the sector to ensure social and affordable housing. Stakeholders of real estate spoke at the 2017 yearly Real Estate Unite summit in Lagos, according to them, there is still huge opportunities for the real estate industry if the right things are done. The summit has as its topic: “ Africa’s ...

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Would you like monthly rent payment or yearly rent payment?

Would you like monthly rent payment or yearly rent payment?

Last week Punch reported that Nigerians may start monthly rent payment going by the latest resolution between the federal and state governments on the matter. According to Punch, the clamour for the monthly payment of rent by clients in the housing sector received attention at the recently concluded sixth meeting of the National Council on Lands, Housing and Urban Development. ...

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“Opportunities exist in affordable housing”, Mixta

"Opportunities exist in affordable housing", Mixta

“The affordable housing and property market is one segment most real estate developers avoid for various reasons, but which once surmounted could sprint fortunes, said Mr. Kola Ashiru-Balogun, Managing Director of Mixta Nigeria, a company of ARM.” – This Day ARM acquired Mixta Africa and it renamed ARM Properties Mixta Nigeria and what they have done since then, according to ...

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SOCIAL HOUSING: A Way Out of Homelessness in Nigeria

housing problem in Nigeria

Many times thoughts of people who don’t have a place to truly call home, without fear of eviction or a level of uncertainty as to what will happen the next moment flood my busy mind. In this article I will be discussing how social housing can reduce homelessness in Nigeria In as much as our slogan in Realty Point Limited ...

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Govt urged to channel social housing scheme through FMBN

Home Renovation Loan

“Stakeholders in the housing sector have called on government to route its funds for social housing initiatives through the Federal Mortgage Bank of Nigeria FMBN, which has the experience and capacity of reaching over 4 million Nigerians nationwide through the National Housing Fund NHF. The call was made at the 5th joint meeting of FMBN, Mortgage Banking Association of Nigeria ...

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Using Social Housing Scheme to Solve Housing Problems in Nigeria

Housing Shortage in Lagos

When you talk about social housing for the masses, the words that come to mind are cheap, affordable, non-profit driven, mass produced houses that could be occupied by low income earners, who may wish to save towards eventually buying such houses with time. Considering the fact that Nigeria has a housing deficit of about 17 million units, any information that ...

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New housing solution emerges in Cedar Homes

New housing solution in real estate emerges in Cedar Homes

“A Lagos- based real estate company – Realty Point Limited has again unfolded its flagship mass housing programme, Cedar Homes, which is pioneering eco-friendly and environmentally sustainable gated community. The estate showcases five unique attraction points which include Flexible Design Concepts, Reservation of Units for as low as N10, 000 an Escrow Account where monies paid by customers will be ...

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Govt Should Engage More In Social And Investment Housing – Patunola-Ajayi

huge housing deficit

The President, Nigerian Institution of Estate Surveyors and Valuers, Dr. Joshua Patunola-Ajayi, has said that in order to reduce the country’s housing deficit and provide accommodation for low-income earners, the government needs to engage more in social and investment housing. He said the NIESV had sent out proposals to the Federal Government to look at housing as a total programme ...

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