Real Estate News

CBA Bank Tanzania has inked an agreement with Chinese real estate developers, Avic International Real Estate to provide loans at affordable interest rates for buying houses. Speaking after signing the agreement in Dar es Salaam at the weekend, the CBA Executive Director, Mr. Julius Mcharo, said the deal provided the opportunity for Tanzanians to own high quality houses built by ...

The PwC Nigeria’s Economist and co-author, Mr. Andrew S. Nevin explained that Nigeria needs to manage the oil price decline effectively at all levels of government by creating a sustainable platform for diversification into the sectors that we know will drive the economy in future, including Real Estate. He made the statement while reflecting on a report made by PwC ...

A fire outbreak occurred on last Wednesday morning and destroyed properties worth millions of naira at Mamman Kontagora House, Marina, in Lagos Island. The inferno, an eye witness said started at about 8:30am on Wednesday morning and the shout of fire, fire, rented the air as people ran helter skelter for safety. According to a witness who works at the ...

Just 42 days to the end of his eight-year (two-term) administration, Governor Babatunde Fashola of Lagos State yesterday inspected some ongoing projects in the state. Fashola, in company of State Executive Council members, visited the Ilubirin Foreshore Housing Estate at Ilubirin, Eti-Osa; Ijora-Badia Homes project, new-built Apapa amusement park and Alausa housing project. The governor walked the entire length and ...

Rapid urbanization and growing consumer wealth on the African continent is providing numerous opportunities for investors wanting to gain exposure to retail and office property developments north of South Africa. Gary Garrett, the Head of Real Estate Finance at Standard Bank says some of the key African countries that are realizing opportunities for real estate investment include Nigeria, Ghana, Kenya, ...

Igbo businessmen in the Federal Capital Territory (FCT) have called on the President-elect, Gen. Muhammadu Buhari to consider the ethnic group for the post of FCT Minister. Speaking at a media briefing in Abuja, the Chairman of Zaudan Pazeri Property Owners Association, Elder Friday Ugoala, said Igbos have massive investments, a factor Buhari should consider. He recommended that an Igbo ...

The Trade Union Congress (TUC) on Wednesday urged the President-elect, Maj.-Gen. Muhammadu Buhari, to address the plight of workers in the country. Mr Ifeanyi Okechukwu, the Chairman of TUC in Anambra, made the call in an interview with the News Agency of Nigeria (NAN) in Awka. The labour leader called on the president-elect to make the National Housing Fund useful ...

MBAN is the Umbrella body for all mortgage banks licensed by the Central Bank of Nigeria to engage in Mortgage Business in Nigeria. Its main focus is to ensure the access to mortgage finance for provision of affordable housing through effective advocacy for improved legal/regulatory/operating environments for home-ownership finance in Nigeria. The association was incorporated on August 6, 1992 under ...

In an interview with The Guardian, Moses Ogunleye, the president of Association of Town Planning Consultants of Nigeria (ATOPCON) highlights the needs for synergy between infrastructure master plan and physical development plan, including other related issues. Stating that the government should focus more on social housing, targeted at low-income earners because these groups of people constitute the largest proportion of ...

Since her grand introduction into the Lagos metropolis, Lekki has become a haven for the high and mighty. Lekki Peninsula is an area on the Lagos Island in Nigeria which contains expensive residential suburbs that throws poverty into the Atlantic Ocean. The Peninsula adjoins the commercial Victoria Island district and the residential Ikoyi area. It has got a reputation as an ...