Real Estate

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

WARNING!!! The content of this article is no where close to being pleasant. Readers are strongly advised not to read during or after bedtime. Do you know there are some places in the world that would give you cold feet if you wander there? Places where people and even animals go to meet their end. There is even a place ...

Reports have revealed how Nigeria’s Millennium Development Goals (MDG) used a shocking amount of  N154.2 million to construct a single borehole in Abuja. According to Premium Times, the MDG spent a whooping N154.2 million on drilling just a single borehole which one can averagely do for N1.5 million in Abuja. A hydrology firm who talked to Premium Times made it known that that ...

Barely two weeks after Cross River State Governor, Senator Ben Ayade, led a trade delegation to the Repub­lic of Ireland, property devel­opers from that country have arrived Calabar to concretise a partnership deal to build about 5,000 modular homes. Already, modalities have been worked out between the Cross River State government and an Irish building firm, Affordable Building Concept International, ...

U.K. commercial and residential property values are in bubble territory again and vulnerable to any tightening in credit markets, according to Mike Prew, an analyst at Jefferies Group LLC. Investors have been paying too much for real estate outside southeast England in the “delusional” belief that rents will climb strongly, Prew said in a note to clients. He downgraded retail ...