Real Estate

The cost of renting a one-bedroom property in the UK has risen to swallow almost half of the average young worker’s take-home pay, according to figures, while those living in London are typically handing over 57% of their monthly wages. The average cost of a new tenancy on a one-bedroom home hit £746 a month in May, taking up 48% ...

A leading growth markets investor, Actis, has announced the end of its third opportunistic private real estate fund – Actis Africa Real Estate Fund 3 (ARE3), with commitments totaling more than $500m, exceeding its original $400m target. The team was led by David Morley, Amanda Jean-Baptiste, Louis Deppe and 11 other investment professionals across offices in London, Johannesburg, Nairobi and ...

The former minister of petroleum resources under the immediate past government, Diezani Alison-Madueke has been reported to be guilty of another offence . This was made known by the Economic and Financial Crimes Commission (EFCC). The anti-graft agency said during its ongoing war against corruption, it discovered that the former petroleum minister is alleged to own an $18m mansion. While ...

A Brazilian company is carrying out a trial with drones to reduce property tax evasion in a town in the northeastern state of Pernambuco. The equipment is being used by tax collection agency Crescite, who works on behalf of the local government, to measure properties in the city of Paulista and get information needed to calculate the tax amount for ...

Toronto homebuyers should not expect the frantic pace and blistering prices of the housing market to continue, warns the head of the Bank of Canada. “Prospective homebuyers and their lenders should not extrapolate recent real estate performance into the future when contemplating a transaction,” Stephen Poloz said Thursday with the release of the bank’s semi-annual financial system review. It was ...

Have you ever looked at a building so tall that you are left wondering if it was built by men? The world’s tallest buildings may not be found anywhere around you but they are definitely reachable. This article showcases the top 5 tallest buildings in the world. Do you know that among the tallest buildings in the world is actually ...

Eko Atlantic City has been described as the most ambitious project in Africa and Africa’s answer to Dubai. This article proves why the ongoing Eko Atlantic City project will displace Victoria Island as the new financial capital of West Africa.   Every part of Lagos has its unique character, manner of people, peculiarities, distinctive architecture and most importantly the real ...

Nicholas Schorsch, whose multibillion-dollar real-estate empire was rocked by an accounting scandal two years ago, has come under fire from an independent director who resigned from one of the companies Mr. Schorsch manages because he believed it suffered from a conflict of interest and was failing to act in the best interest of investors. Robert Froehlich, whose background includes about ...

It was the fourth month in Mr. Okafor’s residential rental property without a caretaker.  Things were beginning to fall apart in 5, Otolori Street, Lawanson since Martins threw in the towel following the entry of Jamiu. Before his fall out with Mr. Okafor, Martins had felt uncomfortable with Jamiu’s personality and what he portrayed himself to be. But Mr. Okafor ...

A Nigerian woman named Titi Pierce, who works as a realtor in the US, has filed a Federal lawsuit against US TV host, Ellen DeGeneres for making fun of her name, Titi, on the “What is wrong with this ad” segment of her show aired which aired on February 22nd, 2016. During the show, Ellen displayed an advert sign bearing ...