Home » Real Estate » Real Estate Articles

Real Estate Articles

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

THE MAGIC OF ESCROW IN REAL ESTATE INVESTMENT

In the real estate investing business, real estate investors need to be familiar with the term Escrow to make the most out of an investment. If this term is new to you, then keep reading! In this article we would discuss what escrow means, how it works, escrow accounts, their uses in the real estate business, what influences escrows, and ...

Read More »

Easy Guide to Building a Low-Cost House in Nigeria

affordable housing

With the fast rising cost of owning a house in Nigeria, you are probably on the lookout for an alternative low-cost house that helps you become a homeowner without drilling a gaping hole in your pocket. Architects have maintained that a growing population of people are opting for building their own homes as opposed to buying a property. This explains ...

Read More »

Ten major issues affecting Real Estate Industry in Nigeria

Real Estate Industry

In the real estate industry, Nigeria is experiencing rapid urbanization, with an estimated annual national population growth rate of just over 2% and an annual urban population growth rate of about 4%. The population is becoming more and more focused to the urban areas, towns and cities with just under 50% of the population living in urban areas — and ...

Read More »

What are the importance of social housing?

social housing

Social housing gives people a home. It’s cheaper to rent than privately rented housing and usually provides a long-term tenancy, giving renters the chance to put down roots. Social landlords tend to be councils or housing associations. The Nigeria National Housing Policy defines ‘Housing’ as the process of providing functional shelter in a proper setting in a neighborhood, supported by ...

Read More »