Real Estate

U.K. house prices surged the most in five months in June as a shortage of property for sale continued to put upward pressure on values. The average cost of a home rose 1.7 percent from May to an average 200,280 pounds ($308,500), mortgage lender Halifax said on Wednesday. From a year earlier, prices jumped 9.4 percent. “Supply remains very tight,” ...

Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp, made its debut Monday on the New York Stock Exchange and estimated it had raised about $1.6 billion from the offering. Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue from its properties. It plans to sell and lease back ...

The FCT Administration has created the Mass Housing Department to address the housing needs in the Federal Capital Territory and reduce the springing up of slums.   The FCT Permanent Secretary, Engr. John Obinna Chukwu FNSE, made this disclosure at the opening ceremony of the Abuja Housing Show on Monday at the International Conference Centre.   The Permanent Secretary reiterated ...

A coroner’s inquest court in Lagos State has indicted the head of Synagogue Church of All Nations (SCOAN), Prophet T.B. Joshua over the tragic collapse of his building that killed over a hundred people. The General overseer of Synagogue Church of All Nations (SCOAN) and the building contractor was indicted by a coroner’s inquest court in Lagos State yesterday over ...

Ghana national team captain, Asamoah Gyan has acquired a new house which costs $3 million. He invited his fellow footballers to the grand opening recently. 27th June to be precise, was very loud and rosy in the MCcarthy Hill area of Accra, Ghana as Ghana Black Stars team captain , held the opening of his $3 million-rated house in grand ...

Guess what else can lead to the collapse of that building of yours…A relentless real estate property agent in the nuisance category. Termites are tiny wood-boring insects that are silent killers to homes and other buildings; their preoccupation is destruction. They have been around since the beginning of time because they are adaptable to ever-changing environments. Their ability to cause ...

THE National President, Real Estate Developers Association of Nigeria, REDAN, Rev. Ugochuckwu Chime has appealed to President Muhammadu Buhari to develop a new housing policy which will enable the common people, (the Talakawas) who voted him into power to have their own houses. The REDAN boss who made the appeal  at the end of a one-day multi- stakeholders interactive workshop ...

No fewer that 11 states in Nigeria are at risk of flooding, according to the Nigerian Hydrological Agency, NHSA. The Agency which unveiled its 2015 Annual Flood Outlook has therefore advised the concerned states to come up with effective mitigation strategies, capable of preventing flooding within their territories. The Agency listed the high flood risk areas to include Sokoto-Rima, Niger, Benue ...

Nigeria’s construction industry has been near standstill for the past few months due to the triple combination of the inability of the Federal Government to roll out its economic policies, huge debt owed contractors and the advent of the rainy season. The industry which contributes about 70 percent of the country’s gross domestic product, GDP, is having serious multiplier effects on ...

The terrorism of Boko Haram in the north eastern part of Nigeria has taken many lives since the sect broke out about 6 years ago. Properties have also been destroyed, and in taking stock, one will realize how much work will need to be done in putting the north east back in shape, in terms of real estate. The President, ...