Real Estate News

The House of Reps has mandated its joint committees on Finance, Industry, Commerce and Aids, Loans and Debt Management to investigate the N97 billion Growth and Employment (GEM) Project. The joint committees is also to ascertain the number of beneficiaries for far, the extent of involvement of consultants, inflow received and disbursement made since commencement, including all other related issues ...

At the ongoing 2017 edition of the Building, Construction and Machinery Exhibition, light has been shed on reasons why building projects in Nigeria are handled by foreigners. As we all know, in recent times, there have been countless cases of building collapse and deaths as a result of improper structure, maintenance or use of substandard materials for projects. This has made a ...

According to a new study, metropolises in Germany now have the greatest potential for development in all of Europe. This is as a result of the emergence of Brexit. Germany can now be regarded as the best real estate investment location in Europe. On the flipside however, while this might be good news for investors, it also means that tenants ...

On November 7 and 8, a two-day summit will be held by the Lagos State Branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV). According to the branch’s Publicity Secretary, Mr. Richard Olodu, estate surveying and valuation profession encompasses diverse fields of specialisation, including such land, building, engineering and Business, Estate agency, Investment advisory, property management, facilities management, ...

Vice President Yemi Osinbajo has reiterated the commitment of the Federal Government to tackle the housing deficit, especially housing for low income earners in the country. Osinbajo, who was represented by the Minister of States for Power, Works and Housing, Mr Suleiman Hassan, said this in Abuja on Tuesday at a One-Day High-Level Dialogue on a Pro-Poor PPP Housing programme ...

PM new reports that Ikeja Electric (IE) Plc has announced there would be 8 days blackout in some parts of Lagos between November 3 and November 10. Mr Felix Ofulue, the Head, Corporate Communications, said in Lagos that the 8 days blackout was part of the strategic efforts to improve power supply to consumers across the network. Ofulue said in ...

According to China Civil Engineering and Construction Company (CCECC), the company  handling the new terminal building at the Nnamdi Azikiwe International Airport, Abuja, the project is 80 per cent complete. The Project Manager, Mr Kevin Lee, disclosed this to the members of the Senate and House of Representatives Joint Committee on Aviation during their oversight visit to the airport on ...

According to The Guardian, the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) has concluded arrangements to host its 2017 Estate Surveyors and Valuers Assembly in Lagos.The maiden edition of this annual event with the theme: “Estate Surveying and Valuation in Nigeria: Regulating the Profession For Public good and Practitioners development” comes up at the Events Centre, Ikeja, Lagos. ...

“Civil Societies Coalition for the Emancipation of Osun State (CSCEOS) has warned Governor Rauf Aregbesola of the state against selling property belonging to the people of the State to his Lagos friends and associates under the guise of Public Private Partnership (PPP) and Concession arrangement.”- Daily Post The group noted that such arrangement was not in the best interest of ...

The Guardian reports, “The Chairman of the Nigerian Society of Engineering Technicians, Makanjuola Ganiyu Jimoh has called for proper registration of technicians to reduce incessant incidences of building collapse in the country.”Jimoh, who led members of the society on a courtesy visit to The Guardian, noted that it is time for craftsmen to realise that their services require professionalism, which ...