Real Estate News

The Federal Government has been urged to protect  its properties nationwide. Besides, it should encourage harmonious relationship with states where the properties are to protect concessionaire’s interests. Mr. Olu Adenodi,  Chief Executive Officer of BHS International, the concessionaire to the Tafawa Balewa Square (TBS), who made this call in Lagos, urged the government to secure a “no objection approval” for ...

Every construction site needs the presence of Sitemen and Artisans who will help the builder’s dream come to reality. These Sitemen and Artisans are humans, and therefore need to be effectively managed if the builder must get the optimum out of them. How can a contractor or a builder achieve this without hitches that may end up stalling the project ...

Aliko Dangote, has been granted tax waiver by the federal government in exchange for repairing the Obajana-Kabba road. Minister of works, power and housing Babatunde Fashola, revealed this while addressing journalists after yesterday’s Federal Executive Council meeting chaired by President Muhammadu Buhari, at the presidential villa, Abuja. Fasola was accompanied by the minister of labour and employment, Chris Ngige, and ...

Kenya’s authorities tore down a badly built residential block in a poor Nairobi district on Tuesday, one of more than 250 shoddy buildings that could now face demolition after a six-story structure collapsed this month killing 51 people. The Kenyan authorities have identified 258 buildings considered structurally at risk and which could be pulled down, leaving thousands of people to ...

The Ooni of Ife, Oba Adeyeye Enitan Ogunnusi, Ojaja II, has said that the housing gap can be addressed by manufacturing rather than building houses. The Ooni was speaking at the launch of the second edition of “The state of Lagos Housing Market Report 2016’ compiled by Roland Igbinobia Real Foundation for Housing and Urban Development (RIRFHUD). Calling for the ...

The UACN Property Development Company Plc says it is readjusting its business towards the retail segment. It also said it had put in place strategies to enable it to take advantage of emerging opportunities in the segment. The company explained that the challenges being faced by the market in terms of issues with titles, high cost of funding, inadequate mortgage ...

Tenants pay huge sums for rent and sometimes they don’t get their money’s worth. Many of them have taken to social media under the hashtag #ventyourrent to share their horror stories. Ants flying out of the shower, beds overrun by spiders and bathrooms overrun by mold. For anyone, these problems quickly turn into nightmares. But for renters, it’s even worse ...

Prolific Filmmaker, Kunle Afolayan, shared a video of his new house on his instagram page and wrote: “Hmmmm! Some people may see this as show off but the wise will see beyond the surface . My main motive of putting this video out is firstly, To appreciate the goodness of God in my life but majorly to use it as ...

The Management of the Federal Mortgage Bank of Nigeria (FMBN) in collaboration with Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have assured of its determination to build four million housing units for workers nationwide in partnership with Nigerian Employers Consultative Association (NECA). This was the outcome of a parley between the leadership of NLC and TUC when the ...

A prosecution witness in the ongoing trial of the Senate President, Dr. Bukola Saraki, Mr. Michael Wetkas, told the Code of Conduct Tribunal on Tuesday that Saraki bought a London property worth N375m in 2010 which he did not declare. Saraki is being prosecuted on 16 counts, including false and anticipatory asset declaration which he allegedly made when he was ...