The Nation reports that the Lagos State Government yesterday warned illegal developers and land speculators in the Lekki-Epe corridor to stop forthwith their unlawful activities or face the law. Commissioner for Commerce, Industry and Co-operative, Prince Rotimi Ogunleye gave the warning when he toured the area where the 16,347 hectares Lekki Free Zone (LFZ) project is sited. The government, he ...
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Key Constraints Facing The Housing Sector In Nigeria
An analysis of the existing housing situation has revealed that there are several constraints facing the housing sector in Nigeria. These key constraints have been responsible for the imbalance in housing demand and supply. This article takes a critical look at the issues undermining the housing sector in Nigeria. There are many issues hindering socio-economic development in Nigeria, one of ...
Read More »What You Should Know About Off-Plan Property
According to Wiki, off-plan property is a property before a structure has been constructed upon it. Pre-constructions are usually marketed to real estate developers and to early adopters as developments so that the purchaser can secure much better finance terms from their lenders. Read this article to learn more Ever seen a great-looking image of a property and an even better-looking price? Chances ...
Read More »Mortgage Bank Partner Developers On 500 Housing Units
Resort Savings and Loans Plc, a leading mortgage bank is collaborating with estate developer to build 500 housing units before the end of the second quarter of 2016 The alliance according to the bank would enable it provide mortgage finance to off takers interested in the housing estate which are for the middle class. With this move, the bank noted ...
Read More »Stakeholders Ask Govt. & Developers To Turn To Affordable Housing
About 150 participants drawn from the affordable housing value chain rose from a two-day affordable housing sector dialogue last Thursday with a call on government and developers to consider doing more in the provision of housing for the low income earners. It is said that one-third of the world’s urban population lives in slums. In Nigeria, the low income population ...
Read More »How to join REDAN
The Real Estate Developer’s Association of Nigeria (REDAN) is the principal agency of the organized private sector recognized by government and approved by the Federal Mortgage Bank of Nigeria (FMBN) – the apex mortgage lender in Nigeria – to facilitate the delivery of affordable mass housing for Nigerians. Since its formation in 2002, the Association has gained increased credibility and prestige. ...
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