Real Estate News

The executive Director of NatanelFlorens, Yinka Daramola, in an interview with Punchng correspondent says the government and the private sector could explore the rent-to-own initiative as an answer to the housing challenge in the country. What is your assessment of the real estate sector? The real estate sector in Nigeria is clearly underdeveloped. There’s still a lot to be done in ...

Babatunde Fashola, Minister of Power, Works and Housing, on Saturday disclosed that the federal government has concluded on how it plans to build more houses for Nigerians in its mass housing programme and would soon launch the implementation strategies. Fashola spoke at the 46th annual conference of the Nigerian Institute of Estate Surveyors (NIESV) in Abuja. He also called for ...

The Lagos State Government has announced that an additional foot bridge would be constructed at Ojota bus stop on Ikorodu road, to complement the existing one in order to contain the recent upsurge in usage by Pedestrians. The Commissioner for Information and Strategy, Mr. Steve Ayorinde, who disclosed this in a statement on Thursday, said the decision arose out of ...

Cross River State Governor, Senator Ben Ayade, has awarded contract for the construction of affordable homes for the displaced people of Bakassi. The sum of N200 million has been set aside for the project. Ayade who stated this Wednesday while receiving the Chairman of Lafarge Africa, Mr. Bolaji Balogun and his management team on a courtesy call in his office, ...

Governor Akinwunmi Ambode of Lagos State on Thursday said the State Government would sign a Memorandum of Understanding, MoU, with investors for the construction of the proposed 4th Mainland Bridge before May 29. Mr. Ambode, speaking at the Third Quarterly Town Hall meeting in Ikorodu, said that the bridge would run from Ajah to Ikorodu, to Isawo, and berth at ...

2015 NIGERIA REAL ESTATE REPORT & FORECAST FOR 2016 It’s no longer news that Real Estate is one of the fastest growing and most lucrative sectors in Africa and anywhere else in the world. It currently contributes up to 8% of Nigeria’s GDP, and looks to expand in the coming years. How well did the real estate sector fare in ...

The 15th Lagos Housing Fair (LHF) begins on April 25. The Vice Chairman of the  LHF Committee, Mr. Moses Ogunleye, told reporters that attention would to be paid to the values and benefits in the production, application and promotion of indigenous materials of all types. He observed that at this stage of the country’s development, Nigeria should be a global ...

Vantage Capital, Africa’s largest mezzanine fund manager, announced yesterday that it has provided $20 million (R294 million) of funding to Landmark Africa, one of Nigeria’s leading property developers. Landmark has developed or managed over 130,000 m2 of prime real estate across the continent. The real estate company is headquartered in Lagos, with offices in several countries including South Africa and ...

One Mrs Nike Azeez who is a landlady in the Ijegun community of Lagos state, has been accused for setting the home of one of her tenants, Adeleke Shakiru on fire just to eject him from her compound. The incident happened on Tuesday April 12th. According to PM News, Nike and Shakiru have been at loggerheads over the use of ...

Lagos State Governor, Mr. Akinwunmi Ambode has said the Ajasa-Command Road in Agbado Oke-Odo Local Council Development Area (LCDA) area of the State would be completed in the next five weeks, just as he assured that the Abesan Estate link road connecting Aboru from Agbelekale would equally be completed before the end of the year.   Governor Ambode, who gave ...