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Terra Developers Hosts TERRApy 3.0 to Empower Real Estate Professionals

terrapy 3.0

TERRA Developers, a leading Nigerian Real Estate firm is set to hold the third edition of its professional development summit for real estate professionals; TERRApy 3.0: Realtor Odyssey 360. The event, themed Realtor Odyssey 360: Decoding and Mastering Real Estate Dynamics, is organised with the aim of empowering real estate agents, professionals, and enthusiasts by equipping them with the knowledge, ...

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We are reducing knowledge gap and fraud in real estate business—Realtor

School of estate and business

Debo Adejana, director of studies, School of Estate and Business, a capacity development initiative for the real estate industry, has said that the school is reducing knowledge gap and combating fraud in real estate business. Adejana who is also the chairman, Real Estate Developers Association of Nigeria (REDAN), South West Zone, noted that everybody practiced real estate and there were ...

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Higher mortgage rates dampen real estate affordability, investments


Continued hike in interest rate by Central Bank of Nigeria (CBN) is having multiple effects on the mortgage market as it raises the cost of financing across all different segments of the real estate sector. Apex bank’s Monetary Policy Committee (MPC) had in March, increased its benchmark-lending rate to 18 per cent in an aggressive push to contain the nation’s ...

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Nigerians hit by rent hike as vacancies dwindle

rent hike

These are not best of times for renters, as the number of available properties continue to drop by the day and rent surges owing to inflation in the real estate sector. A factor that has also led to higher mortgage rates and higher home prices, increase in rental rates, devaluation of long-term debt, as well as increase in the cost ...

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School of Estate and Business Celebrates Graduation with Industry Visit to Purple Lekki Project Site

The School of Estate(www.schoolofestate.com) is thrilled to have graduated its latest cohort of Real Estate Entrepreneurs from the highly acclaimed Real Estate Business Course(REBC). The 54th Stream Graduation Ceremony took place on Thursday, March 9, 2023 at Maryland, Lagos, where graduates, their networks and esteemed members of the real estate community gathered to celebrate this monumental occasion. Two days before ...

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The Affordable Mass Housing Provision N3trillion Pension Boost

pension boost

The Pension Reform Act 2014 has provision for house ownership. Section 89(2) of the Act provides that “Notwithstanding the provision of sub-section (1)(c) of this section, a Pension Fund Administrator may, subject to guidelines issued by the Commission, apply a percentage of the pension assets in the retirement savings account towards payment of equity contribution for payment of residential mortgage ...

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Where to invest N250,000 right now


To invest can be difficult for people who are barely able to get by on their salaries, especially in a country like Nigeria with a high rate of inflation and a currency that is susceptible to devaluation. The typical Nigerian is struggling to make ends meet. In 2021, the national minimum pay for federal employees in Nigeria was set at ...

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Why cement price is highest in Kano, Lagos markets


Despite the closeness of plants to Lagos, cement prices are shooting beyond the roof in reaction to price hike by the manufacturers recently. While the producers have blamed the increase on the high exchange rate, cost of spare parts and other logistics, builders and other prospective homeowners are worried that they are not enjoying the benefit of nearness to raw ...

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