Tag Archives: Home ownership

When you invest in residential real estate, you are getting more than a home or a piece of land upon which to build a home. Real estate investment has become a popular way for people to make money, and it is not uncommon to buy a house or land without any intention of living there. Some people simply buy and ...

In the economic and investment front, the HSBC bank and a Swiss multinational investment bank, UBS’ exited the country; this did not send the right signals to the real estate investors’ community. A report released by HSBC pointed out that investor spend has been affected by the political uncertainties devolving from the 2019 elections, adding that it was closing down ...

The Federal Mortgage Bank of Nigeria has announced that Nigerians above 18 with a steady paycheck will now be able to access up to N5 million housing loan without equity contribution. This was stated as one of the new conditions for accessing mortgage funds from the bank. According to a statement by Zubaida Umar, the revised requirements are a 100% ...

Policy inconsistencies by successive administrations, which hinder home ownership in Nigeria, have been attributed to increasing housing deficit in Nigeria, Mr. Boss Mustapha, the Secretary to the Government of the Federation (SGF), has said. But experts in the industry having reviewed the challenge of housing deficit in the country have again preferred ways Nigeria can overcome her 17 million units ...

The Managing Director of Infinity Trust Mortgage Bank (ITMB) Olabanjo Obaleye has said it was difficult for mortgage industry to make a meaningful impact without government `s firm commitment to relax the policies surrounding property rights, perfection, and transfer in terms of time and cost. He stated this during the unveiling of new logo and brand direction of the bank ...

Mrs. Ibukun Adebayo-Adedayo, a financial adviser, has urged the youths to embrace the mortgage policy to own their homes early in life instead of paying rents for the better part of their lives. She explained that money spent on rent payment could be better channeled in mortgage finance in order to own a home and live a stable and accomplished ...

“Wema Bank promotes home ownership for youths. It has reiterated its commitment to give the millennials (the youths) the opportunity to save and have their own homes, own cars or go on vacation.”- The Nation Armed with over seven decades experience on providing banking services, Wema Bank introduced an insight-driven, innovative digital offering to Nigerians earlier in the year. The ...

The landlord was once a tenant before he became a home owner. Likewise a tenant can one day be a landlord; as the saying goes, nothing lasts forever. Owning a home is every Nigerian tenant’s real estate dream. The path to it may not be easy, but it will eventually be worth it. The security of owning the roof over ...

Buying a home comes with its ups and downs. Some people are guilty of buying properties and moments later they feel it’s not worth the buy. In this article, we highlight ways we can avoid regrets after buying a home. Ever bought something special and later realized you didn’t need it or like it after all? Usually, returning it is ...

“Poverty, low access to mortgage finance got special mention when an expert gave a long list of factors that have made home ownership in Nigeria almost impossible. Other factors of homelessness include title holding, high cost of land, especially in urban centres, building materials which are largely imported, etc.”- Business Day Poverty is a native in Nigeria. It is estimated ...