Home » Tag Archives: Home ownership

Tag Archives: Home ownership

Policy inconsistencies hinder home ownership in Nigeria – Expert

Home ownership

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 ...

Read More »

Expert urges FG to make mortgage accessible

mortgage

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 ...

Read More »

Expert urges youths to start building their own houses

youths

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 ...

Read More »

Wema Bank promotes home ownership for youths

Wema Bank promotes home ownership for youths

“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 ...

Read More »

How To Avoid Regrets After Buying a Home

Buying a home

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 ...

Read More »

Expert tasks estate surveyors on homelessness

low cost housing

“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 ...

Read More »

Moves to tackle affordable housing shortage in Nigeria

17 million housing deficit

According to The Guardian, in the face of a housing deficit that numbers millions of units, Nigeria is working to tackle affordable housing shortage by improving access to credit and reducing development costs for low-income housing. Easing mortgage access In March the federal government announced it would waive an initial 10% payment on mortgages below N5m ($15,700) administered by the state-owned ...

Read More »

New land survey fees begin in Lagos, threaten homeownership

New land survey fees begin in Lagos, threaten homeownership

“Hopes of cheaper construction cost and land ownership for prospective property developers may still be a pipe dream going by fresh increase in land survey fees in Lagos area by the Nigerian Institution of Surveyors (NIS).”- Guardian reports. The increase by Lagos chapter of the institution, which may act as a test bed for professional scale of fees in the built environment sector ...

Read More »