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Nigerians hit by rent hike as vacancies dwindle

rent hike

These are not best of times for renters, as the number of available properties continue to drop by the day and rent surges owing to inflation in the real estate sector. A factor that has also led to higher mortgage rates and higher home prices, increase in rental rates, devaluation of long-term debt, as well as increase in the cost ...

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School of Estate and Business Celebrates Graduation with Industry Visit to Purple Lekki Project Site

The School of Estate(www.schoolofestate.com) is thrilled to have graduated its latest cohort of Real Estate Entrepreneurs from the highly acclaimed Real Estate Business Course(REBC). The 54th Stream Graduation Ceremony took place on Thursday, March 9, 2023 at Maryland, Lagos, where graduates, their networks and esteemed members of the real estate community gathered to celebrate this monumental occasion. Two days before ...

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The Affordable Mass Housing Provision N3trillion Pension Boost

pension boost

The Pension Reform Act 2014 has provision for house ownership. Section 89(2) of the Act provides that “Notwithstanding the provision of sub-section (1)(c) of this section, a Pension Fund Administrator may, subject to guidelines issued by the Commission, apply a percentage of the pension assets in the retirement savings account towards payment of equity contribution for payment of residential mortgage ...

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Where to invest N250,000 right now

invest

To invest can be difficult for people who are barely able to get by on their salaries, especially in a country like Nigeria with a high rate of inflation and a currency that is susceptible to devaluation. The typical Nigerian is struggling to make ends meet. In 2021, the national minimum pay for federal employees in Nigeria was set at ...

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History of Bodija, the first housing estate in Nigeria

Bodija

The first Housing estate in Nigeria was the Bodija Housing Estate, Ibadan. The Ibadan Housing Estate was birthed in 1959 when the regional government decided to increase the number of modern houses available in the city. The Estate was built on a 400-acre of land in the area known as Bodija. At the time, the location of what is now ...

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Is Real Estate a Good Investment?

Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time. You may even use it as a part of your overall strategy to begin building wealth However, you need to make sure you are ready to start investing in real estate. For one, you will ...

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