Real Estate News

Reeling from the stain of negative report in which African mortgage markets had been painted by global institutions, as a major impediment in the march to address visible and rapidly growing demand for housing; continent’s mortgage operators and experts recently met in Durban, South Africa to enhance the flow of finance for the troubled sector by calling on the countries to ...

Professionals in the built environment have charged the state authorities to ensure total compliance to the existing layout for Lekki masterplan The masterplan developed some year’s ago by a consultant, Messrs Dal Handazzar was conceived to allow free-flow of traffic, free-flow drainage system and a compact corridor. However, developers have flouted this physical planning regulation. For instance, the master plan ...

On Monday, January 4, a 14-year-old girl, Chigozie (not real name), who had just been brought to Lagos from Enugu State two weeks before, to live with his uncle at Ajah area of Lagos, became a victim of one of the now common crimes in Lagos – child rape. Chigozie’s case became a trend on social media as news broke ...

Detectives at the State Department of Criminal Investigation, Yaba, are investigating a 60-year-old landlord, Kareem Ajao, for allegedly killing his tenant, Chukwuyenre Eke. Punch Metro learnt that the incident happened on Chief Kenneth Street, Ilogbo, in the Ajangbadi area of Lagos State. It was learnt that Chukwuyenre, a businessman, and the landlord had been having a running battle over payment ...

A leading mortgage bank, Resort Savings and Loans, says it is troubled by the lack of off-takers in the country’s property market. The Managing Director, Resort Savings and Loans, Mr. Abimbola Olayinka, said at the bank’s 8th Annual General Meeting that the mortgage sector had been operating in a very challenging time, adding that the company presented many houses into ...

The Lagos State Commissioner for Physical Planning and Urban Development, Mr. Wasiu Anifowoshe, has said that the relocation of the Oko-baba saw millers to Agbowa-Ikosi area of the state from the current location in Ebute Meta will be accomplished in the first quarter of this year. Anifowoshe stated this during a tour of the site of the new sawmill, which ...

Sparklight Property Development Company Limited has been named the real estate company for 2015 by the African Leadership Magazine. The Group Head, Research and Development, African Leadership Group, publishers of African Leadership Magazine, Mr. Chrys Anyanwu, said at the award presentation ceremony that his organisation consistently rewards excellence and leadership in the continent and that Sparklight had distinguished itself in ...

Human settlement experts under the aegis of the Nigerian Institute of Town Planners have commenced moves to re-position the profession for excellence. Some concerned town planners last week in Lagos organised a colloquium where stakeholders identified better ways of making the profession more visible to the benefit of all. Planners in both the public and private sectors identified some of ...

Despite the downturn in the economy, experts in the real estate sector are of the opinion that though the sector will respond to both negative and positive economic sentiments this year, there will still be a lot of activities. A report by North Court Real Estate, entitled: ‘Nigeria real estate market outlook 2016’, stated that the office development pipeline had ...

The Executive Secretary, National Human Rights Commission, NHRC, has decried the neglect of no fewer than 4,723 Internally Displaced Persons (IDPs) at various locations in Taraba. A statement issued by the commission’s Deputy Director, Protection and Investigations, Lambert Oparah, on Sunday in Abuja said that Mr. Angwe made this known while on an official visit in Taraba. The statement said ...