Real Estate

Phase II of project to start next year says Governor. Lagos State Governor, Mr. Babajide Sanwo-Olu, rolled out a major infrastructural overhaul in the Epe Division of the State, flagging off the reconstruction of Eti Osa-Lekki-Epe Expressway 40 years after. The Governor flagged off the first phase of the road project on Sunday at a ceremony held at the Pan ...

A man (name with-held) shared his experience and journey to becoming a landlord in an exclusive interview with Nigeria Real estate hub. He recalled how street urchins and louts almost frustrated his efforts(building project) but he kept pushing and built his house successfully. Please read his interview below. How long did it take you to build your house? First of ...

Property developers in the Federal Capital Territory, Abuja, have lamented that the COVID-19 locked down stalled their housing projects that would have been completed to boost the nation’s stock. One of the firms affected is Brains and Hammers, a real estate development company. The Project Director, Mr Muktari Musa revealed its projects, which were conceived as self-sustaining and affordable programmes, ...

Despite the devastating impact of COVID-19 on all sectors of the economy, experts believe it is not over for real estate, even as they reel out silver linings for investment. Dayo Ayeyemi reports  To conservative individuals, this is not the best time for real estate investment due to COVID-19 crisis, which, within the space of five months, has partially eroded ...

President, Real Estate Developers Association of Nigeria (REDAN), Alhaji Aliyu Oroji Wamakko, has hailed federal government`s Economic Sustainability Plan (ESP) initiated in response to economic challenges caused by COVID-19 pandemic. Wamakko enjoined the federal government to tap into the huge job creation potentials in the private sector in its efforts towards Nigeria’s economic growth and development. He stated this on ...

An appeal has gone to President Muhammadu Buhari to prevail on the Nigerian Army to halt the illegal sales of Urhobo lands hitherto acquired for military purposes.   The appeal was contained in a press briefing by the President-General of Urhobo Progress Union (UPU), Olorogun Moses Taiga, at his Ikoyi residence in Lagos. Taiga disclosed that Urhobo communities in Delta State ...

REAL Estate Developers Association of Nigeria has announced plans to roll out 77,400 housing units for low and medium-income earners across the country to complement the Federal Government’s efforts in bridging the nation‘s huge housing deficit. The association said the planned 77,400 housing units would create 2.2  million direct jobs and urged government at all levels to assist developers by ...

In the property market where it has become increasingly difficult to obtain long-term financing, property developers are turning to alternative funding to shore up their portfolios. One of the new concepts being adopted is known as unitisation, which offers discerning investors easier entry into commercial real estate investment. The model also gives investors gateway to diversify their property portfolio because ...

Property owners in Lagos State and professionals in the built environment have lauded the decision of the state government to review the 2018 Land Use Charge (LUC) Act, saying that it speaks of sensitivity on the part of officials. The state’s Commissioner for Finance, Dr. Rabiu Olowo, had on Wednesday said that the current administration decided to review the Land ...

The national President of the Nigerian Institute of Building (NIOB), Bldr. Kunle Awobodu has reiterated that the Nigerian society stands to gain optimally when it realises and accepts that building production management is a distinct professional service rendered by builders. Awobodu made this assertion, recently, at the first-ever virtual induction of NIOB members into its fellowship cadre. Awobodu lamented that ...