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Nigeria is likely to be one of the continent’s strongest property market

A report by Knight Frank research estimates that Nigeria is likely to be one of the continent’s strongest property markets, stronger even than South Africa as it will be home to a quarter of the total African population. Nigeria’s economy has also rebounded and grew to nearly US$892 billion in 2014. According to the Knight Frank research, Nigeria’s Lagos, Tanzania’s ...

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Africans spend over $900 million on luxury residential property in London.

real estate in africa

Wealthy Africans are investing in some of London’s most upscale real estate properties with some reportedly spending as much as $37 million on houses alone. These wealthy investors having a considerable impact on London’s property market and they mainly come from just six countries of Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal. Property experts, Mayfair, Kensington and Chelsea say African ...

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Agbakoba draws Buhari’s attention to housing

The former National president of the Nigeria Bar Association, Mr. Olisa Agbakoba has pointed out housing as one of the many sectors with issues requiring urgent governmental attention. He therefore advised the president-elect, General Muhammadu Buhari (rtd), to borrow the strategies of the 32nd president of the United States, President Franklin Roosevelt, who is renowned for his programme for relief, ...

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Why Lagos State Mortgage Board?

Purpose THE Mortgage and Property Law 2010 established the Lagos State Mortgage Board (LMB). The law outlines the functions of the agency. Some of these functions include generating a conducive environment for citizens of the state to secure affordable mortgages or charges to enable them purchase their own homes; advise the Governor on the funding, administration and structure of the ...

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MDGs Projects – Lands, Housing contractors protest Non-payment

Contractors handling Millennium Development Goals (MDGs) projects at the Federal Ministry of Lands, Housing and Urban Development blocked the entrance gate to the headquarters of the ministry at Mabuchi, Abuja, preventing vehicles and staff from going in and out of the office and demanding the payment of the arrears of the 2012, 2013 and 2014 contract sums of completed projects ...

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CPAN calls for slash in cement price

CPAN – Cement producers association of Nigeria, called on the President-elect, Muhammadu Buhari, to slash the price of cement from the current N2, 200 to N1, 000 per bag. CPAN made the request in a congratulatory message sent to Buhari and Prof. Yemi Osinbajo for emerging victorious at this year’s presidential election. They noted that the move would serve as ...

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LPIG reports increase in Atlanta homebuyers from Nigeria

Could the high US Dollar to Nigerian Naira exchange rate be a reason for the sudden increase? Nigerian homebuyers are flooding the Atlanta housing market and paying top dollar. Within the last few years, the state of Georgia’s housing market has successfully attracted international investors especially from China and Australia; however, one company, Lux Property Investment Group (LPIG) is reporting ...

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Mortgage bank in partnership to meet housing needs of Nigerians

Restructure mortgage system, Prof. Nubi Urges FG

Just Shelter & Allied Products Limited has developed 14 blocks with six three-bedroom flats in each block at David’s Court Estate Arepo, Ogun State. In an effort to meet the housing needs of Nigerians through mortgage creation, Resort Savings and Loans Plc., a mortgage bank with headquarters in Lagos begins a business collaboration with Just Shelter & Allied Products Limited ...

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REDAN express readiness to work with the president elect, GMB

REDAN Parley Housing Center To Organise Workshop For Stakeholders

During the maiden meeting of its newly elected national exco in Abuja on Friday, The Real Estate Developers Association of Nigeria (REDAN) expressed its readiness to work with the president- elect, General Muhammadu Buhari in addressing the problems facing the housing sector. In the meeting attended by REDAN exco, REDAN President Rev. Chime Ugochukwu said that the association will help ...

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Lagos plans new town development schemes

Land Use Charge Should Be Paid By Landlord, Not Tenants - LASG

There are indications that plans are being made by the government to create new towns across the state. The Babatunde Fashola administration is determined to lay a solid foundation for the projects, which may be completed by the next executive if the indications on the development schemes are anything to go by The need for the projects, are overwhelming, some ...

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