Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investments strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments, it is also capital ...

Lagos State Government has given the reason for altering the design of the much awaited Fourth Mainland Bridge along the Lekki Peninsula. According to the government, the redesign of the bridge component of the 23 kilometres road project became imperative because of the challenges the original design posed for it (government). The bridge itself is about four kilometres. The State Commissioner for ...

The Kano State Police Command says it has started investigation into the cause of the collapsed bridge that killed seven persons in Kano on Sunday. Governor Rabiu Kwankwaso also said the state government would compel the contractor that handled the project to pay for the medical bills of the injured victims. The contractor, the governor added, would pay compensation to ...

Due to the ignorance of Nigerians on the fact that there exist a close nexus between noise pollution and sustainable city, little or no attention is paid to the control of noise pollution in Nigeria. Motor vehicle, a significant symbol of modern civilization, not only brings convenient transportation to our society but also gives off unpleasant traffic noise in living ...

New York City construction spending jumped 26 percent last year to $36 billion, led by a record amount of residential building in a market skewed toward luxury housing, according to the New York Building Congress. Spending on residential construction surged 73 percent to $11.9 billion in 2014, exceeding an October forecast and marking the first time it has ever topped ...

The minister of finance, Dr. Ngozi Okonjo-Iweala and her Land and Housing counterpart, Mrs. Akon Eyakenyi, have differed sharply on the delay in the payments for completed projects in the Land and Housing sector in the last three years. The Association of Lands and Housing contractors, led by Alhaji Lawal Adewale, had taken its protest of non-payment to the Federal ...

It’s the first real estate tax hike in nearly 2 decades. Homeowners in James City County (JCC) will be paying more in real estate tax starting July 1. At Tuesday night’s council meeting, the board voted 4-1 to increase the real estate tax rate by seven cents. This puts it at 84 cents per $100 assessed value. That is a nine ...

The commercial and residential real estate markets are coming off their peaks, but expect a soft landing. “We are clearly off our peak,” said David Dube, president and CEO of Concorde Group of Companies. “But that is healthy. Markets do not go up forever. This is a temporary adjustment.” Dube, who chaired the third annual Saskatchewan Real Estate Forum held ...

Deji was laughing at the so called plan Martins had while Martins stood, arms akimbo, a quizzical frown on his face. “What’s funny about what I said?” Deji tried to respond but only laughed out harder, annoying Martins who hissed and turned his gaze away from him in exasperation to the different happenings on the street. It was a busy ...

Demand in the real estate market weakened in the first quarter of the year, however, property prices remain stable. Munachi Okoye, founder and CEO of MCO Real Estate joins CNBC Africa for focus on Nigeria’s real estate sector. Watch video below: