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Yearly Archives: 2016

Minister Says Public-Private Synergy Will Address Housing Deficit

Pension Fund Cannot Be Used Like Oil Money - Fashola

Minister of Power, Works and Housing, Babatunde Fashola, SAN, has advocated for a synergy between the Public and Private Sectors in the country, describing such partnership as imperative in addressing the nation’s housing deficit. While speaking on the theme, “Expanding Access to Affordable Housing,” to a gathering of professional builders, investors and other stakeholders in in the Built Industry on ...

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What To Look Out For Inside a Rental Property

rental property

Choosing a home to rent can be a very personal decision and trying to decide if a rental property is suitable for you at an inspection can be difficult. There are some obvious things a prospective tenant shouldn’t overlook while home-hunting. Many of us allow our emotions get in the way while on a house inspection. For reasons best known ...

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Oga Martins & His Kettle of Fishes – Episode 16

Oga Martins & His Kettle of Fishes 4.0 - Season's Finale

Martins had hoped he would come to a compromise with Mr.Okafor when they had a tete a tete at the choice restaurant in Ikeja GRA. However, the outcome of the meeting only proved he had made the right decision when he walked away from his job as caretaker of Mr. Okafor’s residential rental property. Read Previous Episodes here The meeting between ...

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Land documentations Affecting Lagos Housing Deficits

Tax defaulters

Lagos State government placing undue bottlenecks in securing Land titles and documentations have been identified as a major clog in the wheel of the state’s effort at ensuring affordable and habitable housing for her teeming population. Lagos State boasts of two million housing units deficit and will need at least, 187,500 new homes over the next five years to meet ...

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Stakeholders Seek Pension Fund Investment in Housing

Pension Funds To Be Invested In Real Estate

Stakeholders in the building and construction sector are calling for more investment in housing development from the growing pension fund. The Chairman, Association of Estate Agents in Nigeria, Mr. Chudi Ubosi, said at a Mandatory Continuous Professional Development Programme of the Nigerian Institution of Estate Surveyors and Valuers, Lagos State Branch, that it had become clear that there was a ...

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Nigeria Ranked 83rd in Global Real Estate Transparency Index

Real estate challenges in 2015

A newly released biannual Global Real Estate Transparency Index (GRETI) 2016 by property consultancy firm Jones Lang LaSalle (JLL), Nigeria ranks 83rd out of 109 markets covered. Nigeria’s real estate transparency score was 3.8 in 2016, a marked improvement in transparency. The scores in the Index range between one and five, with one representing the highest level of transparency and ...

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‘Surveyors Can Boost Real Estate With Pension Fund’

Chartered surveyors call for enabling environment for real estate sector

A senior official of the National Pension Commission has urged stakeholders in pension administration to utilise the provisions of the Pension Reform Act for more infrastructure and real estate development in the country. The Director-General of the National Pension Commission, (PENCOM), Mrs. Chinelo Anohu-Amazu, made the disclosure while presenting a paper titled: An Overview of the Pension Reform Act 2014 ...

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Stakeholders Urge Government to Resurrect Home Completion Loan Scheme

Estate Developer's loan

Stakeholders have called on the government to revisit home completion loan scheme. The scheme supports the new paradigm for unlocking housing microfinance and leverages on incremental development that most Nigerians use in acquiring new homes as well as renovate and upgrades existing structures. The scheme is expected to catalyze the demand side of the equation. Stakeholders that attended the 10th ...

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Kourtney Kardashian Splashes $6600/night on Luxury Accommodation While on Holiday

Kourtney Kardashian splashes $6600/night on Luxury Accommodation While on Holiday

Kourtney Kardashian splashes  $6600-per night on stay at luxury accommodation while on holiday with Scott Disick and kids The 37-year-old reality star has spared no expense while on a lavish holiday with Scott Disick and their kids in Nantucket. The family is reportedly holed up in an opulent 7-bedroom mansion which costs $6600-a-night. Reports have it she rented the luxury ...

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Abuja Housing Show Awards Prominent Nigerians

18 million housing deficit

Six governors and companies bagged various awards at the Abuja Housing Show awards held at International Conference Centre for pursuing mass housing policies and bringing innovations in the construction sector. The governors are Umar Ganduje (Kano), Simon Lalong (Plateau), Mohammed Badaru Abubakar (Jigawa), Ifeanyi Okowa (Delta) and Ifeanyi Ugwuanyi (Enugu). In the company category, Solignum won the Wood Preservative Product ...

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