Real Estate News

In a review put together By Yinka Kolawole with Agency Report, Nigeria, Angola and Egypt identified as African countries with Best property investment prospects. Read below: Real estate remains a booming opportunity for Africa-focused investors for good reasons. The growth of cities creates a demand for increased volumes of high-quality commercial and residential real estate. Also, the rise of the ...

Lagos state governor, Akinwumi Ambode on Friday said the state would consider adopting a ‘ rent and own ’ policy in resolving its housing deficiency. In a chat with media executives at his office in Alausa, Ikeja, Ambode acknowledged that it was not easy for a winner of a three-bedroom flat, under the state government’s housing scheme, to make an initial ...

From the ridiculous to the sublime, the social media is spreading, gaining penetration and impacting positively on various sectors of the global economy, including real estate where its use has raised the bar in marketing and sales, investment and wealth creation. Real estate investors, developers, vendors, facilities managers and other service providers are increasingly employing this platform to enhance business ...

An agro-tour operator, Mrs. Oluyinka Taiwo, has said that the current fall in the price of crude oil had made it necessary for the diversification of the economy to develop the under-developed areas of the economy like real estate, agriculture and mining.   Taiwo has advised the federal and state governments to assist private individuals to embrace integrated farming to ...

No fewer than 300 housing units being constructed by the Federal Government in collaboration with Cross River State for the resettlement of the displaced people of Agwagune in Biase LGA of Cross River State have reached advanced stages of completion. Over 60 per cent of the houses comprising two bedrooms semidetached and 3 bedrooms have been roofed while others are ...

Akwa Ibom State Governor, Udom Emmanuel, has called on the Federal Government to rehabilitate the Calabar-Itu Road to save it from golly erosion which is seriously threatening its existence. The governor made the call when he inspected one of the erosion sites along the road. Calabar-Itu road is a Federal Road and the only major link between Akwa Ibom and ...

A Nigerian-American, Mr. Imokhuede Ohikhuare, has heaved sigh of relief, following a declaration by a superior court of record in the country that he is the owner of over N1billion residential property located at No 1809, Asokoro, Federal Vapital Territory, Abuja. With the judgment, the claim by a former Nigeria’s Ambassador to South Africa, Alhaji Shehu Malami and a businessman, ...

Eager to protect the nation’s wealth and build resilience for the future, experts have advocated a fresh policy, and where necessary, legislation for the maintenance of public buildings and private estates in the country. Nigeria requires about $3.05 trillion (N485 trillion) to provide quality infrastructure over the next 30 years, with an estimated cost of N166, billion required for phase 1. With Nigeria’s performance on the provision of funding for infrastructure standing at less than 25 per ...

Rock of Ages Properties Limited, a member of (CHICASON) Group has started the construction of 10,000 housing units at Lugbe south in the Federal Capital Territory (FCT). Chairman of the CHICASON Group, Mr. Chika Okafor, who disclosed this to journalists, said the houses were for civil servants and other interested individuals, adding that before the end of year, about 3000 ...

According to a story from News24 written by Bienne Huisman, Cape Town’s multimillion-rand trophy homes on the Atlantic seaboard are being snapped up by rich Nigerians, Angolans and Zimbabweans. Read more below: “Cape Town’s multimillion-rand trophy homes are being snapped up by rich Nigerians, Angolans and Zimbabweans who fork out top dollar for luxury sea-facing properties in Cape Town, which they consider ...