Real Estate News

The Mohammed Indimi Foundation on Tuesday donated 200 housing units to Internally Displaced Persons (IDPs) in Bama and Gamboru-Ngala Local Government Areas of Borno, to accelerate rehabilitation and resettlement of persons displaced by Boko Haram insurgency. Alhaji Mohammed Indimi, Chairman of the Foundation, made the disclosure at the inauguration of the projects at the Government House, Maiduguri. Indimi disclosed that ...

One of the foremost professional groups in the built environment industry, the Nigerian Institute of Architects (NIA) has chronicled its successes towards attaining excellence in creative management of the physical environment. This was unfolded at its annual 4th Distinguished Lecture Tagged: Beyond Simple Line: Presentation of nearly five Decades of Architectural Practices in Nigeria (1970-2018). The lecture series was borne ...

To address the nation’s increasing housing deficit, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) plans to showcase alternative building techniques in its 6th national housing summit. The summit, organized by its housing faculty is themed: “Alternative Building Techniques for Mass Housing Delivery”, and holds on Monday next week at NAF Centre, Abuja. Chairman of the summit planning committee, ...

Some operators in Nigeria’s building sector say the benefits of the country’s independence have not been felt in the housing and construction industry. They urged the leadership to prioritize the industry for Nigeria’s economic revival. They insisted that the federal and state governments should stimulate the economy through the housing and construction industry, which has been “left unattended for a ...

As the December deadline given to China Civil Engineering and Construction Company (CCECC) to complete construction of the ongoing Lagos to Ibadan standard gauge railway line draws nearer, Minister of Transport, Rt. Hon. Rotimi Amaechi, has enjoined the company to provide the design for railway stations that would be built along communities, towns and cities located along Lagos to Ibadan ...

Stakeholders at a seminar organised by the Ogun State chapter of the Nigerian Institute of Quantity Surveyors have chided the federal and state governments for constructing housing units only for the rich. The seminar held in Abeokuta and had as its theme: ‘Effective housing delivery in a developing economy.’ The President, NIQS, Obafemi Onashile, noted that there was the need ...

Caught in the middle of harsh economic realities, the nation’s real estate sector is witnessing a worrisome trend as construction cost increases, developers and investors continue to bow to market forces, thereby reducing the quality of housing deliveries. Construction materials alone constitute over 70 per cent of the cost of housing delivery, especially where low- income households are concerned and ...

States Housing schemes are meant to reduce the housing deficits and as well provide affordable and accessible housing estate(s) to low-income earners. But the aim of solving housing problem in both states and federal level wouldn’t be achieved if properties worth multi-millions of naira are left to rot. An example is the multi-million naira Niger state Mass Housing Project situated ...

Estate surveyors and valuers in the country plan to hold a forum on how the country can reduce its housing deficit through effective mass housing delivery. The forum, known as the 6th National Housing Summit, and scheduled to hold in Abuja on October 8 and 9, is being organised by the Faculty of Housing, Nigerian Institution of Estate Surveyors and ...

Property owners trying to sell their properties in flood-hit parts of the country are yielding to pressure to drop prices as demands for homes in some of the affected locations have reduced drastically. After weeks of flooding in major cities, especially in eight states, some houses have been submerged in water, forcing the occupiers and tenants to vacate the areas. ...