Real Estate News

TERRA Developers, a leading Nigerian Real Estate firm is set to hold the third edition of its professional development summit for real estate professionals; TERRApy 3.0: Realtor Odyssey 360. The event, themed Realtor Odyssey 360: Decoding and Mastering Real Estate Dynamics, is organised with the aim of empowering real estate agents, professionals, and enthusiasts by equipping them with the knowledge, ...

Debo Adejana, director of studies, School of Estate and Business, a capacity development initiative for the real estate industry, has said that the school is reducing knowledge gap and combating fraud in real estate business. Adejana who is also the chairman, Real Estate Developers Association of Nigeria (REDAN), South West Zone, noted that everybody practiced real estate and there were ...

Real Estate Entrepreneur’s Fast Track Course is a 2-day physical real estate training (1-day virtual) aimed at helping you get started in Real Estate Business either as a newbie growing into an expert or as an experienced player. It is an investment that will help you upskill and build confidence as a real estate enthusiast. We believe that anybody can ...

Continued hike in interest rate by Central Bank of Nigeria (CBN) is having multiple effects on the mortgage market as it raises the cost of financing across all different segments of the real estate sector. Apex bank’s Monetary Policy Committee (MPC) had in March, increased its benchmark-lending rate to 18 per cent in an aggressive push to contain the nation’s ...

These are not best of times for renters, as the number of available properties continue to drop by the day and rent surges owing to inflation in the real estate sector. A factor that has also led to higher mortgage rates and higher home prices, increase in rental rates, devaluation of long-term debt, as well as increase in the cost ...

The School of Estate(www.schoolofestate.com) is thrilled to have graduated its latest cohort of Real Estate Entrepreneurs from the highly acclaimed Real Estate Business Course(REBC). The 54th Stream Graduation Ceremony took place on Thursday, March 9, 2023 at Maryland, Lagos, where graduates, their networks and esteemed members of the real estate community gathered to celebrate this monumental occasion. Two days before ...

The Pension Reform Act 2014 has provision for house ownership. Section 89(2) of the Act provides that “Notwithstanding the provision of sub-section (1)(c) of this section, a Pension Fund Administrator may, subject to guidelines issued by the Commission, apply a percentage of the pension assets in the retirement savings account towards payment of equity contribution for payment of residential mortgage ...

Despite the closeness of plants to Lagos, cement prices are shooting beyond the roof in reaction to price hike by the manufacturers recently. While the producers have blamed the increase on the high exchange rate, cost of spare parts and other logistics, builders and other prospective homeowners are worried that they are not enjoying the benefit of nearness to raw ...

Amid growing public concern over housing prices introduced by the Federal Government under the National Housing Programme (NHP), private developers have picked holes in the scheme. They argued that the programme is not affordable, justifiable as it is beyond the low-income earners and may breed corruption among civil servants. They said the government should concentrate on making policy than engaging ...

Finding a real estate property in Nigeria is a herculean task. This is even more relatable for people in major cities across the country, where the demand far outweighs the supply. First, you have to find the time out of a cramped schedule to go inspecting. Then there are the issues of non-responsive agents whose listings are not available on ...