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Real Estate

“Social Housing responsibility is solely for FHA not FMBN” – Al-Almin

The managing director of the Federal Housing Authority (FHA), Prof Mohammed Al-Almin, has said that the provision of social housing is the sole responsibility of the authority and not the Federal Mortgage Bank of Nigeria (FMBN) or Ministry of Land, Housing and Authority. Speaking yesterday in Abuja during the 2015 pre-workers’ day lecture organized by the Senior Staff Association of ...

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“Promise made, promise fulfilled”, Abule-Nla resident beneficiaries

covert rent into Mortgage

Their problems started in 1997, when the allottees noticed that six blocks of flats they occupied were cracking, with the possibility of total collapse. After series of complaints to different administrations, starting from Brigadier-General Buba Marwa, a military administrator in Lagos and former governor, Bola Ahmed Tinubu, not much was achieved. However, on July 2007, the occupants sent a Save-our-Soul ...

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“Lagos state has not been able to tackle the housing problem” – Commissioner

The Lagos State Commissioner for Housing, Bosun Jeje, said on Tuesday that the state government has not been able to tackle the housing problem in the state because of the high cost of building and non-availability of fund. He, however, added that the state government under the outgoing administration of Governor Babatunde Fashola, provided 10,000 housing units for people of ...

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New Zealand Housing takes firm stance on methamphetamine

Housing New Zealand takes a firm stance on those who use or manufacture methamphetamine in its homes. During 2014, 101 Housing New Zealand properties were found to be contaminated with methamphetamine. This represents 0.15 percent of Housing New Zealand’s portfolio of around 68,000 homes. Marcus Bosch, General Manager Property Services, says, “The vast majority of Housing New Zealand tenants are ...

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Fundamentals of Real Estate Investment

Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investments strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments, it is also capital ...

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Reasons why 4th mainland bridge design had to be altered

Lagos State Government has given the reason for altering the design of the much awaited Fourth Mainland Bridge along the Lekki Peninsula. According to the government, the redesign of the bridge component of the 23 kilometres road project became imperative because of the challenges the original design posed for it (government). The bridge itself is about four kilometres. The State Commissioner for ...

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Why Road Noise Should Influence Property Valuation

Due to the ignorance of Nigerians on the fact that there exist a close nexus between noise pollution and sustainable city, little or no attention is paid to the control of noise pollution in Nigeria. Motor vehicle, a significant symbol of modern civilization, not only brings convenient transportation to our society but also gives off unpleasant traffic noise in living ...

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New York City construction spending jumped 26 percent last year

new york

New York City construction spending jumped 26 percent last year to $36 billion, led by a record amount of residential building in a market skewed toward luxury housing, according to the New York Building Congress. Spending on residential construction surged 73 percent to $11.9 billion in 2014, exceeding an October forecast and marking the first time it has ever topped ...

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