Relationships are the bane of human existence; they are what sustains us, keeps us going and makes us alive. Whether we want to or not, our very nature is woven to rely on relationships and in the course of our lives, one of the relationships we will have is the landlord-tenant one. Unfortunately, this relationship is one of the most ...
Read More »Real Estate
FG to introduce insurance as a condition for getting mortgage loans
The Nigerian Mortgage Refinancing Company and the Nigerian Insurers Association are jointly working to integrate title insurance as a mandatory condition to get mortgage loans. Sunday Thomas, the Director-General of NIA, disclosed this to a punchng correspondent in an exclusive interview, saying that the NMRC was working with the indigenous underwriters to introduce insurance as a condition for getting mortgage ...
Read More »Sydney recognized as fourth most attractive real estate market
Sydney has been recognized as the fourth most attractive real estate market for investors across the globe, trailing behind power cities like London, Tokyo, and San Francisco which landed on the top three, respectively. The latest CBRE’s Global Investor Intentions Survey 2015 found Sydney to be on top of New York and Paris, a ranking that should be of no ...
Read More »‘Policies needed to boost local building materials in the country’
The Nigerian Institute of Quantity Surveyors (NIQS) has called on the government to evolve policies that would boost local building materials in the country. According to NIQS presidents and former Minister of state for Power, Mallam Murtala Aliyu, this is the way to significantly bridge the housing gap in Nigeria. NIQS’ president spoke last week at the sod turning of ...
Read More »Government intensifies effort to house internally displaced persons
The government of the northeastern Borno state has intensified efforts in catering to the internally displaced persons across the state. On Saturday, 21 camps were set up for internally displaced persons (IDPs) across the state. One of the camps was dedicated to refugees recently brought back from the Republic of Niger. According to the chairman of the Borno state Emergency ...
Read More »Housing allowance for political office holders is 200% of their annual salaries
When you see a heading such as this “Buhari’s Ministers, Senators & Reps to Share N9bn Allowance” considering the fact that Nigeria is said to be broke then we cant just take our eyes off it. According to a report by punch, Housing allowance for the political office holders is 200 per cent of their annual salaries; furniture is 300 ...
Read More »‘Nigeria needs 700,000 houses to meet the housing needs of Nigerians’
Gathering at the residence of the British High commissioner in Lagos for a networking event organized by Ecotrends Nigeria Limited in collaboration with UK trade and investment in preparation for its premier trade show, Home and Property Expo, the chief executive officer of Ecotrends, Efe Utomudo told the audience that Nigeria needs 700,000 houses annually to meet the housing needs ...
Read More »Lagos residents call for provision of public toilets on highways
Some residents of Lagos on Friday called on the State Government to provide public toilets on the highways and other strategic locations in the metropolis, for the convenience of the people. Those who spoke with the News Agency of Nigeria (NAN) identified such strategic locations and highways to include the Apapa/Oshodi/Oworonshoki expressway, the Lagos/Ibadan expressway, the Ikorodu road, the Lagos/Abeokuta ...
Read More »Despite election, UK housing market activity remains strong
Housing market activity in the UK was stronger across the board last month than at the same point last year, regardless of the general election, according to the latest research from valuers. There were 13% more property valuations conducted in April than a year ago, despite last month’s total dipping by 32% compared to March 2015, the data from Connells ...
Read More »Egypt: World Bank approves $500M loan for social housing project
A new US$500 million project will improve access to homeownership and rental units for low-income households in Egypt. The Egypt Inclusive Housing Finance Program, approved by the World Bank’s Board of Directors today, will reach 4.2 million people, including an estimated 1.6 million beneficiaries living below the poverty line and generate an estimated 1.5 million temporary construction jobs over a ...
Read More »