Home » Real Estate News (page 30)

Real Estate News

Operators urge FG to do more for construction industry in the spirit of independence

construction industry

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 ...

Read More »

Amaechi tasks CCECC to provide railway stations designs


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 ...

Read More »

Housing units are too expensive for low-income earners – Experts

housing units

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 ...

Read More »

High construction cost affects property market

construction cost

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 ...

Read More »

Niger state multi-million housing estate rots away

housing estate

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 ...

Read More »

NIESV set to hold forum on improvement of housing delivery

housing delivery

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 ...

Read More »

Flood affects property markets in eight states


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. ...

Read More »

Expert: Investments in infrastructure, port, logistics will boost Africa’s GDP


The rapid expansion of regional and international trade underscores the need for significant investments in port and logistics infrastructure as gateways for African exports, Chief Executive of Maritime and Port Authority of Singapore, Mr. Andrew Tan has said. Tan stated this while addressing delegates and stakeholders at the just concluded African Maritime Administrations (AAMA) Conference held in Sharm El Sheikh, ...

Read More »

FG implores states, private sector to partner to boost infrastructure


The Federal Government has called on the 36 State Governments to use Public Private Partnership (PPP) model to improve public service delivery and infrastructure in their respective states. The acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, made this call in Abuja on Thursday at the launch of the 2018 Nigeria PPP Network (NPPPN). The theme was “Accelerated ...

Read More »

Flood destroys Over 200 Houses In Ilorin renders hundreds homeless


Flood wreaked havoc in Ilorin Township on Wednesday as over 200 residential houses were submerged with hundreds of victims displaced and rendered homeless. The most affected areas are Aduralere and lsale Koko communities in the llorin East local Government area of the state. Reports show that hundreds of residents of the affected communities are now taking refuge in Churches, Mosques ...

Read More »