“With the recession lingering and hitting hard on real estate sector, many prospective homeowners are dumping the idea of homeownership, while others want to build a simple home that is comfortable and affordable, without going into debt. It is a fact that in most Nigerian cities, the dreams of lower construction costs have once again become a nightmare for a ...

According to Premium Times, more than three million pre-payment meters are to be rolled out under the Federal Government’s intervention programme, Babatunde Fashola, the Minister of Power, disclosed in Lagos on Sunday. The intervention followed the incapacity of Electricity Distribution Companies (DISCOs) to meter all the houses of consumers across the country. Mr. Fashola, who is also the Minister of ...

This Day reports that Bosch, a German multinational engineering and electronics company, has promised to work keenly with players in the nation’s construction industry to enhance quality work in the industry as well as increasing the brand’s market share in Nigeria. This was the take home from a VIP market launch, which took place recently in Lagos with targeted demonstrations ...

“Brighter days may lie around in the corner for prospective homeowners, following plans to introduce a public private partnership initiative that seeks to increase access to housing finance in Nigeria through mortgage guarantee insurance and microfinance scheme.”- All Africa The scheme, ‘My Own Home’ comes as an offshoot of the Nigeria Housing Finance Programme (NHFP) set up by the Federal ...

“Dr Beni Goka, Executive Director, Parliamentary Staff Association of Nigeria (PASAN), National Assembly Chapter, says the association is embarking on construction of 6,000 housing units with local materials for staff in Abuja.”- The News Guru He made this known in an interview with the News Agency of Nigeria on Sunday in Abuja. Goka stressed the need for the government and ...

“The Asset Management Corporation of Nigeria (AMCON) yesterday on an order of a Federal High Court seized multi-billion naira properties in Lagos, Ogun and United Kingdom from three property firms and eight others following an alleged N4,680,343,681.47 bank debt.”- All Africa The assets, including land, houses, cars and generating plants, were seized in execution of an order granted by Justice ...

We had an interesting and enlightening interview with Barrister Tomi Vincent, a Real Estate Lawyer. He discussed on due diligence in land transactions and doing your proper homework to avoid being cheated on and duped. Read the interview below: NREH: For how many years have you practised as a real estate lawyer? Barr Vincent: 26 years now. NREH: Have you ...

Enugu state is located in southeastern Nigeria. Enugu town, the state capital, lies at the foot of the Udi hills, surrounded by attractive stretched hills and lies at an altitude of 240 metres above sea level. Conformably, was coined out of the 2 words ‘Enu’ (top) and ‘Ugwu’ (hill) resulting to ‘top of the hill’. Enugu was founded in 1909, ...

The United Nations projects that Nigeria’s population will cross the 250 million mark by 2030. An estimated 10th of this figure will live and work in Lagos in an estimated area of 356,861 hectares of which 75,755 are wetlands. To the Lekki Free Zone (LFTZ), this presents development opportunities for real estate developers. Through the LFTZ, the host communities are ...

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 ...