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Real Estate

Investors eye real estate across Africa

real estate in africa

A growing consumer middle class, helped by rapid urbanisation and shifting demographic trends, is driving property demand and growth opportunities in the real estate industry across the continent. “Foreign and local investors are seeing the growth potential of Africa, spurred by rising consumer spending of Africa’s developing middle class”, says Gerhard Zeelie, Standard Bank’s head of real estate finance for the ...

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Disabled Toronto man denied subsidized housing for not being Muslim

Disabled toronto man denied housing

A disabled Toronto man had his name removed from the waiting list of a subsidized city apartment because he does not meet the main criteria for living there: being Muslim. “It doesn’t make any sense; I lived in Texas, that doesn’t make sense even there,” said Austin Lewis, 21, who is paralyzed and confined to a wheelchair. Lewis is attempting ...

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Nigeria’s Emerging REIT Market

REIT

Investment in real estate has been one of the oldest and most common forms of investment dating back to the beginning of human civilization, evolving into a more sophisticated market having its own real estate backed securities, which could be issued privately or on the domestic/international capital market. The desire to pool resources from multiple investors to acquire prime real ...

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‘Use appropriate technology & materials to offset Nigeria’s housing deficit’- Obua

appropriate technology & materials

Ifeanyi Obua, a graduate of Mechanical Engineering with specialisation (MSc) in Technology of machine manufacturing from Krivoy Rog Technical University, Ukraine, is the CEO of Obua Technology Solutions LTD. Obua mentioned legislation and empowerment of land ownership, use of appropriate technology, training of labour force in the construction industry among others as the solution to Nigeria’s housing deficit. In an ...

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Top 5 Naija Celebrities with the best mansions in Lasgidi

He who invests in properties does a good thing. However he who buys or builds a house in his own country is blessed beyond measures as long as his hands are clean. In an era where the acquisition of state-of-the-art properties by our politicians is being questioned by higher authorities, same can’t be said about our celebrities or entertainers who ...

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Britain’s first million pound ‘affordable’ housing property goes on sale

Britain housing property

Britain’s first £1million ‘affordable’ housing property has gone on the market but its prospective buyer will need to earn £82,000-a-year to cover the cost. The three-bedroom flat in Hackney, east London, has come under fire from housing charities after being valued at £1,025,000 with would-be homeowners offered a 25 per cent stake in the property. It means that if prospective ...

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Canadian consumer confidence rises on real estate optimism

Real estate optimism

Optimism that Canadian home prices haven’t hit their peak and the economy has better days ahead drove consumer sentiment to the biggest weekly gain in more than a year, weekly telephone polling shows. The Bloomberg Nanos Canadian Confidence Index climbed to 53.2 in the week ending Aug. 21, up from 52.2 in the prior survey, the biggest increase since May ...

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Nigeria’s graft fighting commission accused of diverting $15 billion in recovered assets

The chairman of Nigeria’s corruption-fighting Economic and Financial Crimes Commission is appearing before the Senate to answer accusations that he diverted billions of dollars. Ibrahim Lamorde is responding to allegations that he and other commission officers diverted 1 trillion naira (about $15 billion) in recovered assets with the collusion of banks and real estate agents. A commission statement Tuesday said ...

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Before you Purchase that Lagos Property – 2

THE ACQUISITION/PURCHASE TRANSACTION PROPER This is the second topic in the series – Before you purchase that Lagos property Last week we talked about the legal framework preceding the acquisition of land in Nigeria with reference to Lagos. This week we will be looking at the processes involved in the purchase and acquisition of such property. Now, where the Purchaser’s ...

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