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Real Estate

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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The BROUHAHA of OGA MARTINS – Episode 13

Oga Martins

“In life, two things are guaranteed to come your way: opportunities and challenges. How you choose to deal with these two things is what determines your outcome in life”, his MD had said this morning when he was exhorting them for the day after the morning prayers. The quote kept ringing in Martins’ head, as he mentally took note of ...

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BUILDING FAILURE: Who really is responsible?

The activities of unskilled craftsmen in the building industry have really smeared the image of the building profession in the recent past. The incessant cases of collapse of buildings in some parts of the country have resulted in the loss of lives, property and left many people injured. Quite a number of factors are responsible for collapse of high-rise, reinforced ...

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NEW DELHI: Property market to improve by march 2016

Global rating agency Fitch today said the likely upturn in the country’s investment climate and reduction in interest rates will improve the property market by the end of March 2016 and provide relief to the debt-ridden developers. The agency said the property development sector (will) be a key beneficiary of reductions in housing loan interest rates by several domestic banks ...

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