Real Estate News

The Guardian reports that another three-storey building collapse happened yesterday in Ojo area of Lagos State. There were, however, no casualties as residents have already deserted the building located at No. 21 Saka Okoro Street, Ilufe Road, Alaba International Market, Ojo. It was gathered that the building caved in on Tuesday morning in a partial collapse. General Manager, Lagos State ...

According to The Nation, the family of a former Head of Service in Lagos, the late Mr. C.O. Bajulaiye, has accused the police of denying its members access to their late father’s house in spite of a court judgment authorising them to take over their Lagos property. The family had approached the Lagos Magistrates Court in a bid to recover ...

“Kwara Harmony Holdings on Tuesday paid N1.5m out of the N3.7m million as land compensation to owners of 25 hectares of customary lands acquired by the State Government 11 years ago.”- PM News The News Agency of Nigeria (NAN) reports that the 25 hectares of land was acquired for the cultivation of grains at Ogbondoroko, in the Asa Local Government ...

“As part of efforts at achieving the objectives of the National Housing Programme (NHP) in Nigeria, the Federal Mortgage Bank of Nigeria (FMBN)and the Federal Housing Authority (FHA) are being repositioned to play their role more effectively to address the housing problem in Nigeria, Babatunde Fashola, minister, power, works and housing, says.”- Business Day  Fashola, who disclosed this at the sixth National Council ...

Despite the huge opportunities and market potential, investors are still holding back on investment in the Nigerian property market. Analysts cited the slowdown in the economy and the significant decline in consumer purchasing power as a major concern. They believed that investment in the market, has also been impacted heavily by government’s anti-corruption fight which has been enhanced by the ...

“As part of efforts aimed at promoting professionalism in the real estate sector, as well as reducing the deluge of building collapse in the country, Western Atlantic Corporations Limited, the promoters of MOREACADEMY project, in collaboration with the Centre for Management Development (CMD), has concluded plans to hold Mortgage Industry Stakeholders Luncheon and train about 70 real estate practitioners.”- The ...

“As part of efforts to stop building collapse, the Lagos State Building Control Agency (LASBCA) yesterday began the demolition of 57 distressed structures across the state.”- The Guardian The LASBCA General Manager, Lekan Shodehinde said the demolition was the first phase of the exercise, which Governor Akinwunmi Ambode had approved.He explained that government had earlier notified the owners of the ...

“Lagos State Government has advised residents living along the plains of Ogun River to be on the alert and take necessary precautions as release of water from Oyan Dam begins.”- PM News Dr. Samuel Babatunde Adejare, Commissioner for the Environment explained that the controlled water releases from the dam was a pragmatic approach of the Ogun-Oshun River Basin Development Authority ...

“Scores of women yesterday took to the streets and barricaded the Effurun roundabout axis of the East-West Road in protest over an alleged land-grabbing by military in Delta and sale of about 185.20 hectares of prime property at Uvwie, Uvwie Local Council of Delta State by the Nigerian Army.”- The Guardian The protest, which started as early as 6:00 a.m. ...

“The Central Bank of Nigeria (CBN) is spearheading a new scheme targeted at providing improved access to housing finance to aspiring homeowners.”- Daily Post The initiative would have a tenor of 15 years to 25 years, depending on the age of the borrower, their income and desired tenor and would be available to eligible applicants with insufficient or no equity ...