Real Estate

What is a Mortgage? A mortgage is a lien on a property/house that secures a loan and is paid (interest and principal) in installments over an agreed period of time. The mortgage secures your promise that you’ll repay the money you’ve borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and ...

Land use administration in developed countries is carried out with ease and this is due to their adoption of E-government. However the situation is not the same in some developing countries and Nigeria is no exception. This article addresses concept of ICT model in Land use administration. Land remains pivotal to any meaningful development of man and his society. The ...

Lafarge Africa Plc. and Fortis Microfinance Bank (MFB) have signed a memorandum of understanding (MoU) for the provision of low cost mass housing in Nigeria. According to the MoU, which was signed at the head office of the microfinance bank in Abuja, the first phase of the project is expected to produce 500 affordable homes for buyers within six months ...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola has said that Lagos-Ibadan Expressway is among the projects that will be completed in the next two years. He said this while addressing joint session of the House of Representatives Committees on Works, Power and Housing in Abuja, adding that the government would also complete the Murtala Muhammed International Airport ...

This article sheds more light on the implications of the new Lagos traffic law. What are the gains and the pains of the new Lagos traffic law to Lagosians and Lagos at large. Find out in this article. It seems the end of the road has come for lawless motorists especially drivers of commercial buses popularly called danfo, with the ...

The secret buyer of $110 million Hamptons property in an off-market deal is a Natural gas billionaire, Michael S. Smith, Page six has exclusively reported. Smith, who is chairman and CEO of Freeport LNG Development, is about to close on three Lily Pond Lan aerial view of Lily Pond Lane. Photo: Doug Kuntzne properties sold by hedge funder Scott Bommer ...

More than 12 years after construction work commenced on the Unity Garden Housing Estate in Osisioma, Abia State, depositors have shown their displeasure over the non-completion of the project. According to some of the depositors, who spoke with our correspondent, snakes, rats, cockroaches and other crawling animals as well as illegal tenants have taken over the estate despite the huge ...

The mass housing sector in Nigeria presently suffers from a housing deficit of over 17 million units and the numbers seem not to be heading for a decline anytime soon. This article is a sequel to last week’s article on “The emergence of dry construction in Nigeria“. Did you know that the real traditional African construction is dry? In the ...

Architect Tonye Braide is the 26th President of the Nigerian Institute of Architects (NIA). In this interview with Elsie Godwin of NREH, he pointed out the need for Architects’ project to be vetted by Architects stating that Architects should be the ones in the development control of all development control offices. He also mentioned strengthening the institutional base of the ...

Beyoncé went all out with her Super Bowl digs over the weekend. Rather than opting for a hotel, the singer decided to stay in a plush $10,000-a-night rental home. She splashed out the huge amount on Airbnb for the 12-acre estate in Los Altos Hills, California, ahead of her performance at the halftime show at Levi Stadium with Coldplay and Bruno ...