Real Estate News

“Governments at federal and state levels have been urged to give tax incentives, such as a holiday, for cooperative societies investing in real estate to enable them increase housing supply and ultimately drag down house prices for buyers, especially the low income earners.”- Business Day Meckson Innocent Okoro, an estate surveyor and valuer, who made this call recently, also urged ...

The Nation reports that a religious organisation, Givers Embassy, said it has concluded arrangements to provide one million affordable houses for Nigerians every year. The church, which is the first no-tithe, no-offering church in Nigeria, unveiled the housing plan to journalists, explaining that the initiative was not just “an appeal to build affordable houses for our people, it is a ...

“Real estate investors have become very cautious with investment in Abuja, Nigeria’s federal capital territory, despite the compelling investment opportunity which the market in that small but very vibrant city offers. With a rapidly growing population of over three million, Abuja is a very strong market comprising A and B level consumers which underpins the residents’ potential buying power.”- Business ...

According to The Guardian, Lagos State Governor Akinwunmi Ambode has decried lack of standards in real estate agency in Nigeria. He said Nigerians had been defrauded to the tune of several billions of naira as a result of the activities of dubious and unqualified agents. Ambode, who spoke yesterday at the first edition of 2017 yearly stakeholders’ forum organised by ...

Daily Post reports that Governor Abiola Ajimobi of Oyo State has launched the Homeowners Charter policy designed to enable home owners in the state regularize land documents. Ajimobi during the official flag off ceremony of the Enumeration and Assessment of properties in the State at the Housing Corporation Ibadan on Saturday informed that the initiative was one of the measures ...

“The Centre for Defence of Human Right (CDHR), has urged the Delta Government to take over the disputed land between Ogbe-Ijoh and Aladja communities of the state. Mr Kehinde Taiga, the Chairman of the centre, made the call in an interview with newsmen in Warri on Sunday.”- Vanguard Taiga said government takeover of the land had become necessary to prevent further ...

“The Lagos State government yesterday ordered the immediate closure of an illegal plank market in Oko-Baba extension by Wright Street in Yaba Local Council Development Area (LCDA) of the state.”- The Guardain The government, in a statement signed by the Commissioner for Local Government and Community Affairs, Muslim Folami, said the decision to shut down the market was based on the ...

“Housing Circuit Magazine in conjunction with the Senate Committee on Lands, Housing and Urban Development, National Assembly is hosting a two-day Conference on: Addressing Housing Stock Deficit in Nigeria: A Holistic View.”- The Guardian This brainstorming event is scheduled to hold at the Abuja Sheraton Hotel and Tower from September 26 -27. The Conference, according to the Clerk of the ...

According to Vanguard, LAGOS State Government said it will soon start demolishing all illegal structures on land within the Lekki Free Zone (LFZ). The state’s Commissioner for Commerce, Industry and Co-operatives, Prince Rotimi Ogunleye, said in a statement that private estate developers and land grabbers have illegally encroached on the land and are to face the wrath of the law. ...

Oyo state government is making available plots of land for allocation in six newly established Government Reservation Areas. Application forms can be obtained from the Ministry of Lands, Housing and Survey, Secretariat, Ibadan. Below is a picture of an excerpt from Punch Newspapers of Monday, August 14, 2017, Page 39. Picture credit : Take Note Nigeria