Real Estate News

Does the continent’s most-populous country deserve its new title? Recently, Nigeria became Africa’s largest economy by recalculation of its GDP (Gross Domestic Product). How did this happen, and what are the implications? Here is an article by URI FRIEDMAN about it. Please comment after reading, we would love to have your thoughts afterwards. credits: www.crudeoildaily.com Something strange happened in Nigeria on Sunday: The ...

NMRC was established to bridge the funding cost of residential mortgages and promote the availability as well as the affordability of good housing to Nigerians by providing increased liquidity in the mortgage market though the mortgage and commercial banks. The company is driven by substantial private sector participation consisting of commercial banks, primary mortgage banks, insurance companies, private equity investors ...

The dream to own a house for low to middle-income earners in Nigeria is simply just that; a dream! The term affordable housing only exists in theory because private developers who invest huge sums of money into the industry do so with the aim of reaping in profits since there are no adequate government funds or loans to subsidize costs ...

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, unfolded the Federal Government’s plan to collaborate with other stakeholders in the housing sector to deliver about 10,000 housing units this year. The minister announced this at the inaugural Housing Stakeholders’ Implementation Summit in Abuja which held on March 23, 2014, where she also defended the government’s ...

NREH: Yes! Are you not taking money? NREH: Currently, our paper is online and we are more interested in the stories than in collecting money. Okay, but I need you to understand me. If somebody comes in here now and says he’s looking for a house and I get him a house, he’s supposed to give me whatever is due ...

Construction and Civil Engineering Senior Staff Association, CCESSA, has called on the Federal Government to as a matter of urgency to do something about the high influx of expatriates in the nation’s construction industry, as well as to stop the tide. President of the union,  Mr. Augustine Etafo and General Secretary Mr Ezekhumhe George, in a statement on Monday said that ...

Arabtec Holding has signed a $40 billion deal with Egypt to construct one million middle-income homes in various locations throughout Egypt. Under the agreement, Arabtec Real Estate, a recently formed subsidiary, will develop one million housing units in thirteen locations, delivered in phases over a span of five years, according to a company announcement. The value of the overall development ...

It’s no secret that Nigeria has over 160 million people,and Lagos is teeming with the majority of them. To of course cater for these enormous population is no small feat. Housing is one of the major malaise within the State as many have no roofs over their heads or are living in less than suitable environments. The decision therefore, to keep ...