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Tag Archives: developers

Developers lament high cost of building materials, may increase rent

building materials

Port Harcourt – Developers in Rivers state have lamented the cost of building materials saying that what they are charging as house rent was not commensurate with the cost of constructing an apartment. Reports show that for three years running, the cost of building materials has skyrocketed, thereby reducing the number of developers or those who intend to build personal ...

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Land grabbers are threat to real estate industry – Expert

land grabbers

Mr. Adeolu Ogunbanjo, Chairman, Association of Estate Agents of Nigeria (AEAN), has described the activities of land grabbers (Omo-Onile) as a major challenge affecting the development of housing and infrastructure in the country. Ogunbanjo made the observation in an interview in Lagos on Tuesday. He said the frequent demands of the land grabbers had discouraged many investors from investing in ...

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Six challenges developers face in the built environment

built environment

Nigeria Real Estate Hub correspondent was in an interview with the CEO of Tromville investment, Pastor Adeyemi Adeniyi A.K.A the Bishop of real estate. He shared six challenges he encountered as a developer in the built environment. Read his interview below NREH: We heard about your tremendous contributions as an employee in Property Mart and how you delivered 6 estates ...

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Developers lament over sourcing of funds for investment in real estate

developers

Developers– The momentum for housing finance support by mortgage banks, particularly in Abuja, appears to be shifting early to medium income and luxury homes, with the completion and kick-starting of new projects in the Federal Capital Territory (FCT). Over the years, the government had been the major player in the area of housing delivery in Nigeria, by providing direct finance ...

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LASG warns developers that they must obtain building permit

LASG warns developers that they must obtain building permit

The Lagos State Government on Thursday warned that every building must obtain building permit before any structure can be erected in any part of the State. The government vowed that any defaulter shall be dealt with by shutting down their buildings. General Manager, Lagos State Building Control Agency, LASBCA, Engr. Olalekan Shodeinde gave the warning during the sensitisation campaign in ...

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Real estate developers appeals to FG to provide infrastructure

Real estate developers appeals to FG to provide infrastructure

Real Estate Developers are appealing to government to develop the infrastructure needs to enable them easily provide affordable housing. According to them, it is the duty of government to provide the roads, drainage system and other infrastructure needs, since such activities are capital intensive and add to the cost of building. Ghana’s housing sector has been faced with a worsening ...

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Developers and foreign investors resolve to boost Nigeria’s construction industry

Developers and foreign investors resolve to boost Nigeria’s construction industry

Lagos – If the latest rapprochement between Nigerian developers, Homework Development and Property Limited and some foreign investors is anything to go by, the nation’s construction industry will soon receive a significant boost. The lift int he nation’s construction industry, INDEPENDENT learnt, may either be in enhanced direct foreign investment or through third party. This came to the fore recently ...

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MBAN plans non-interest mortgages, seeks for intervention fund

MBAN plans non-interest mortgages, sMBAN plans non-interest mortgages, seeks for intMBAN plans non-interest mortgages, seeks for interMBAN presidentvention fundervention fundeeks for intervention fund

Gearing up for a veritable funding source for the sub-sector, mortgage operators (MBAN) have moved to explore the suitability, applicability and the possibility of adopting the non-interest mortgages to unlock the potentials of the Sukuk model. The operators, under the aegis of the Mortgage Banking Association of Nigeria agreed in a seven-page communiqué after its chief executive officers retreat in ...

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