Real Estate News

Justice Lateefa Okunnu of the Lagos State High Court Ikeja, on Friday, described as lacking in merit, an application filed by the Synagogue Church of All Nations and its founder, Prophet Temitope Joshua, asking the court to halt the ongoing coroner’s inquest into its collapsed guesthouse. Justice Okunnu dismissed the application for also being premature. The inquest was set up ...

Followed by Emiratis, Saudis and Kuwaitis, Indians were the largest investors in the promising Dubai real estate market in terms of the number of buyers and transactions made in 2014 according to a new report. A report by Omega Real Estate, a real-estate company owned by ‘The H Holding Enterprise’ has said that the Dubai real estate market looks promising ...

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, ...

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. ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...