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Real Estate

Blackstone CEO calls Real Estate “good risk”

Blackstone Group LP’s chief executive officer, Steve Schwarzman, said buying real estate, financing energy companies and buying floating-rate fixed income instruments are all “a good place to be.” “In terms of taking risk today, there are a variety of different places,” Schwarzman said in a Bloomberg Television interview Monday at the Milken Institute Global Conference in Beverly Hills, California. Blackstone, ...

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Real Estate about to get hit in the energy cities

A new report has found that Prime office real estate in some of the world’s leading cities is about to take a hit from the falling price of oil. The report, released this month by property specialists DTZ, has identified 18 key “energy cities” around the world where unemployment will rise and office rental prices will fall as energy companies ...

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UN-Habitat suggests seven point agenda to transform Nigerian cities

The United Nations Human settlements programme (UN-Habitat) has proposed a seven point housing agenda, and if adopted by the in-coming Buhari administration, this could transform Nigerian cities into functional, productive, equitable, resilient and safe place to live in. The proposed agenda is consistent with research findings and policy advocacy that the agency have pursued over several years, harped on the ...

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Xenophobic attack to affect foreign investment in SA’s property market

As affordability levels in South Africa have deteriorated in the recent years, developers from South Africa are eyeing real estate markets in neighboring countries.  However, Xenophobic attacks in Durban recently may also deter foreign investment in South Africa’s property markets in the short term, if not the long term, experts believe. A fast-growing population is the key reason why international ...

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Africans spend over $900 million on luxury residential property in London.

real estate in africa

Wealthy Africans are investing in some of London’s most upscale real estate properties with some reportedly spending as much as $37 million on houses alone. These wealthy investors having a considerable impact on London’s property market and they mainly come from just six countries of Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal. Property experts, Mayfair, Kensington and Chelsea say African ...

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Agbakoba draws Buhari’s attention to housing

The former National president of the Nigeria Bar Association, Mr. Olisa Agbakoba has pointed out housing as one of the many sectors with issues requiring urgent governmental attention. He therefore advised the president-elect, General Muhammadu Buhari (rtd), to borrow the strategies of the 32nd president of the United States, President Franklin Roosevelt, who is renowned for his programme for relief, ...

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Why Lagos State Mortgage Board?

Purpose THE Mortgage and Property Law 2010 established the Lagos State Mortgage Board (LMB). The law outlines the functions of the agency. Some of these functions include generating a conducive environment for citizens of the state to secure affordable mortgages or charges to enable them purchase their own homes; advise the Governor on the funding, administration and structure of the ...

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LPIG reports increase in Atlanta homebuyers from Nigeria

Could the high US Dollar to Nigerian Naira exchange rate be a reason for the sudden increase? Nigerian homebuyers are flooding the Atlanta housing market and paying top dollar. Within the last few years, the state of Georgia’s housing market has successfully attracted international investors especially from China and Australia; however, one company, Lux Property Investment Group (LPIG) is reporting ...

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