Real Estate

The Ogun State Property Investment Corporation has commenced the construction of a new estate at the OPIC estate, Isheri along the Lagos-Ibadan Expressway. The new estate is called MTR Gardens and will consist of over 600 units of two and three-bedroom flats. According to a statement made available to punchng correspondent by OPIC, preliminary work on the site was completed ...

The UK’s most expensive borough to live in, the royal borough of Kensington and Chelsea, plans to send some of its most vulnerable residents to live outside London because the soaring property market means it can no longer afford to house them. The Conservative authority, where the average home costs £1.4m, will spend £10m buying properties outside the borough for ...

MEXICO HOUSING – Although social policy has helped to contain poverty in Mexico, more efforts are needed to increase the quality of life for all Mexicans, President Enrique Peña Nieto said Monday. The president spoke during the inauguration of 10 rehabilitation works for housing projects in Mexico City. Dynamism in the Mexican economy is fundamental for reducing the level of ...

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. ...

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 ...

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 ...

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 ...

UK fights foreign Dirty Money in Real estate, cites James Ibori as an example Declaring “there is no place for dirty money in Britain,” U.K. Prime Minister David Cameron said Tuesday he will take on those using shell companies to invest ill-gotten gains in London real estate. The U.K. government came under criticism this week after an official at the ...

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 ...

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 ...