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Real Estate News

BPE in talks over FMBN’s reform commercialization


A NEW era is dawning on the mortgage industry, following a renewed interest by Federal authorities in expanding the ownership of Federal Mortgage Bank of Nigeria (FMBN) that allows private sector intervention and fresh injection of funds into the housing financial system. The move promoted by Bureau for Public Enterprises (BPE) is in line with reform and commercialization of public enterprises, ...

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Phoenix real-estate guru sentenced to 4years in prison

A Phoenix celebrity real-estate guru and self-described graduate of the “new school of self-made moguls” will spend the next four years in prison for money laundering and tax evasion. Tanya Marchiol was sentenced in federal court this week for helping drug dealers buy a house and for failing to pay income tax on $1.4 million earned between 2008 and 2010. ...

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Top 20 real estate tycoons

top 20 real estate tycoons

According to Forbes 2015 billionaires list, of the 20 richest property moguls in the world, more than half (12) hail from Asian-Pacific nations. Seven are from Singapore, three from China, and one each from Singapore and Taiwan. Four of the wealthiest 20 property billionaires are American, three are from the U.K., and one is from the United Arab Emirates. Hopefully in ...

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How oil prices could affect Nigerian Real Estate.

real estate

In an article originally posted on huffingtonpost.com, Kian Mioni, co-founder at Lamudi – an online real estate marketplace with operations in 32 countries, has expressed his fear in the real estate business in Nigeria considering the changes in oil prices. He stated that Changes in oil prices and the devaluation of the Naira have had a significant impact on the ...

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NMRC signs MoU with US firm for $1 Billion Investment in Mortgages

NMRC Appoints 4 Independent Directors

Despite the current economic difficulties occasioned by a significant drop in oil revenue, foreign investment inflows into the country recorded fresh impetus on Tuesday when Cantor Fitzgerald, a highly regarded investment company based in the United States of America, signed a memorandum of understanding with the Nigeria Mortgage Refinance Company (NMRC) for $1 billion (about N200 billion) in mortgages in ...

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Haven Homes unveil new designs for 2015

One of Nigeria’s top real estate companies delivering affordable luxury homes, Haven Homes has completed and delivered a brand new set of home designs to its subscibers at Richmond Gate Estate situated in Lekki. Speaking on the concept behind the 2015 home designs, the company’s spokesperson Mr. Sonuga explained that the new designs were conceptualized with more sensuality and adaptation ...

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Ogun pledges to repair Atan-Agbara road

In order to bring succor to users of the Atan-Agbara road, Ogun State government has promised to construct the road which is situated in Ado –Odo / Ota Local Government Area of the state in order to reduce hardship faced by motorists and residents of the area. The Special Adviser / Managing Director, OPIC, Mr. Babajide Odusolu who made this ...

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Pan Atlantic University unveils energy saving building

As part of its commitment to save the environment and the planet earth, an Enterprise Development Centre (EDC) of the Pan Atlantic University (PAU), Ajah, Lagos, last week unveiled a three-storey green building, located within the institution’s campus. The building, described as example of environmental sustainable building in Nigeria and West Africa consists of a 60-seater amphitheatre, 54-seater multi-purpose classroom, ...

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Dangote among 14 investors for FCT new district’ development

Dangote Cement wins 2015 African Business of the Year

In a bid to increase the housing stock and ease accommodation challenges in Abuja, the Federal Capital Territory Administration (FCTA), has selected private investors to develop 15 additional districts. Under the agreement, the new investors will be provided with a total land area of 3,886 in about 15 districts of the FCT, and a total of 1 million houses would ...

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Economy: High end properties struggle for tenants

The real estate sector is believed to be a sector which responds fast to the tune of any economy. This invariably means that the sector derives success or failure from the state of the economy. This is what inspired the view of Mr. Chude Obosi, the African President of International Real Estate Federation (FIABCI) who expressed that high end properties ...

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