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Enugu State Govt. approves 10% equity contribution to alleviate workers’ housing needs

Housing needs - Ugwuanyi set to bridge Enugu infrastructural deficit with N14.2bn credit facility

Enugu State govt. approves 10% equity contribution to alleviate workers’ housing needs Towards reducing the accommodation problem to some category of civil servants, the Enugu State Government on Thursday approved N35 million as its 10 per cent equity contribution for one-bed room apartments at the newly completed Elim Housing Estate at Ibagwa in Nike.. However, the Commissioner for Information, Dr. ...

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Global property partners unfazed by Trump bombast

Trump bombast

Global property partners unfazed by Trump bombast Real estate tycoon and White House hopeful Donald Trump has lost high-profile US contracts over his hardline anti-immigrant stance, but internationally the row has yet to damage the Trump brand. When he disparaged undocumented immigrants from Mexico as criminals and rapists in June, several American groups — NBC television, retailer Macy’s, the PGA ...

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NYC property market still hot even as private equity exits

NYC property market

The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The institutional investors and real estate investment trusts that are taking private equity’s place ...

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CML UK expects improved mortgage market activity

UK kicks off biggest housing review in more than a decade

According to the latest forecast from the Council of Mortgage Lenders, A benign economic backdrop should underpin a gentle improvement in housing and mortgage market activity in the coming months. Propertywire.com reports that the CML market review report pointed out that this follows a softer patch over the past year, which has dragged down our expectations for gross mortgage lending ...

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Vacant homes, yet homeless Nigerians

vacant homes

The rising cost of renting houses in thriving Nigerian cities of Lagos, Port Harcourt and Abuja, which goes beyond the reach of potential tenants stretches the number of homeless people beyond borders. This development is worrisome in view of the huge housing deficit in Nigeria. Yet there is an increasing number of vacant homes; buildings that should have families albeit ...

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How to Identify a Good Quality Housing

good quality housing

In a country where only few houses are home-worthy, it shouldn’t be hard to tell a quality housing. However because of our constant exposure to economic hardship and poverty our idea of quality housing may have been compromised. So when a Nigerian says he lives in a house of high quality; a house that lives up to expectations and the ...

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FG urged to introduce concrete roads in S’South due to peculiar terrain

concrete pavement design

The Vice President, Council for the Regulation of Engineering in Nigeria, Prof. Charles Uko, has called on the Federal Government to utilise rigid pavement in the construction of roads in the South-South region of the country due to its peculiar terrain. The slip form of concrete pavement design is being introduced into the construction of the 20-kilometre product evacuation road ...

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Exxon Mobil donates $5m to North Dakota housing fund

North dakota housing fund

North Dakota, United States – Exxon Mobil donates $5m to North Dakota housing fund A subsidiary of Exxon Mobil Corp donated $5 million on Monday to a North Dakota government housing fund that subsidizes construction of low-cost apartments for teachers and emergency personnel in the state’s oil patch. XTO Energy will receive a 100 percent tax write-off for its donation ...

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AfDB approves $243m for road project in Southern Africa

Road project in Southern Africa

The Development Bank (AfDB) has approved a sum of $243m for road project within the Southern African, Zambia. The AIIB, with authorized capital of 100 billion U.S. dollars, is designed to finance infrastructure construction, as many countries do not have the capacity to fund the infrastructure upgrades they need. Impressed with the proposal to establish a China-Asian Infrastructure Investment Bank ...

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