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Yearly Archives: 2015

Indians are the biggest buyer of Dubai real estate in 2014

top 20 real estate tycoons

Followed by Emiratis, Saudis and Kuwaitis, Indians were the largest investors in the promising Dubai real estate market in terms of the number of buyers and transactions made in 2014 according to a new report. A report by Omega Real Estate, a real-estate company owned by ‘The H Holding Enterprise’ has said that the Dubai real estate market looks promising ...

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Is he Nigeria’s biggest landlord?

As a kid growing up in the suburbs of Festac, I heard a story of a man that was said to be the biggest landlord in Nigeria. “What was that his pompous name, again?”… Yeah, Alhaji Ismaila Erukujeje; that was what he was known by. My Dad once told me that he deserted his mansion to another of his numerous ...

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BPE in talks over FMBN’s reform commercialization

bpe

A NEW era is dawning on the mortgage industry, following a renewed interest by Federal authorities in expanding the ownership of Federal Mortgage Bank of Nigeria (FMBN) that allows private sector intervention and fresh injection of funds into the housing financial system. The move promoted by Bureau for Public Enterprises (BPE) is in line with reform and commercialization of public enterprises, ...

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Phoenix real-estate guru sentenced to 4years in prison

A Phoenix celebrity real-estate guru and self-described graduate of the “new school of self-made moguls” will spend the next four years in prison for money laundering and tax evasion. Tanya Marchiol was sentenced in federal court this week for helping drug dealers buy a house and for failing to pay income tax on $1.4 million earned between 2008 and 2010. ...

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Top 20 real estate tycoons

top 20 real estate tycoons

According to Forbes 2015 billionaires list, of the 20 richest property moguls in the world, more than half (12) hail from Asian-Pacific nations. Seven are from Singapore, three from China, and one each from Singapore and Taiwan. Four of the wealthiest 20 property billionaires are American, three are from the U.K., and one is from the United Arab Emirates. Hopefully in ...

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How oil prices could affect Nigerian Real Estate.

real estate

In an article originally posted on huffingtonpost.com, Kian Mioni, co-founder at Lamudi – an online real estate marketplace with operations in 32 countries, has expressed his fear in the real estate business in Nigeria considering the changes in oil prices. He stated that Changes in oil prices and the devaluation of the Naira have had a significant impact on the ...

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NMRC signs MoU with US firm for $1 Billion Investment in Mortgages

NMRC Appoints 4 Independent Directors

Despite the current economic difficulties occasioned by a significant drop in oil revenue, foreign investment inflows into the country recorded fresh impetus on Tuesday when Cantor Fitzgerald, a highly regarded investment company based in the United States of America, signed a memorandum of understanding with the Nigeria Mortgage Refinance Company (NMRC) for $1 billion (about N200 billion) in mortgages in ...

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Haven Homes unveil new designs for 2015

One of Nigeria’s top real estate companies delivering affordable luxury homes, Haven Homes has completed and delivered a brand new set of home designs to its subscibers at Richmond Gate Estate situated in Lekki. Speaking on the concept behind the 2015 home designs, the company’s spokesperson Mr. Sonuga explained that the new designs were conceptualized with more sensuality and adaptation ...

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Real Estate and Vision 2020

With 2020 half a decade away, the Nigerian Real Estate Sector should pin faith on the great white hope of landmark tour de force from almost all facets of human avocation in 2020 as promised by the GEJ administration, which predicts that Nigerian should be among the 20 biggest economies in the world five years from now, if Pigs begin ...

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Real Estate Business: The raw deal

Real estate business can be quite a rewarding career for any Tom, Dick and sometimes Maria, regardless of their educational background but varied skill sets should be a requisite. Little wonder, people think a real estate career is easy money, though there is a lot more to it than that. However, you don’t need to be a “salesman” to be ...

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