Tag Archives: Home ownership

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 ...

“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 ...

“In the quest to deepen mortgage penetration and promote home ownership in Nigeria, Nigeria Mortgage Refinance Company Plc (NMRC) has signed a memorandum of understanding (MoU) with the Kaduna State government.”- Vanguard reports. The MoU covers various collaborations between NMRC and the state government in the latter’s determined and structured efforts to facilitate affordable home ownership for its citizens. Among ...

We know a lot about what Warren Buffett thinks about investments and businesses. But we don’t know as much about what he thinks about real estate and homes. And it turns out, his honest opinion will surprise you. One of the more interesting businesses, which now falls into the wide umbrella of Buffett’s Berkshire Hathaway, is its real estate arm ...

As at my last count, I realized we have over 50 development companies, trying to market over hundred projects within the Lagos, Ogun and Abuja axis. I stopped counting a long while ago, so you can imagine how much more we would have now. Until recently, when publication houses increased their advert rates, you would always see different advert publications ...

Women have been encouraged to participate in Nigeria’s real estate sector in order to meet their growing needs and guarantee family’s future. Leading the call at a seminar themed: “Essentials for Success in Real Estate Investments”  and organised for Women by Knightstone Properties Limited in Lagos, former Attorney General/Commissioner for Justice, Cross River State, Mrs. Nella Andem-Rabana urged women not to ...

A recent vox pop conducted by NREH as revealed that building a house as a married person is easier than building a house as a single person. The vox pop which was conducted on our social media platforms showed that most of the respondents were of the opinion that building a house as a married person is easier. Building a house is ...

Home ownership levels are continuing to drop in many countries despite stable or positive outlooks for most mortgage markets, according to a new global report. As a result of market dislocations post economic crisis, home ownership levels face challenges as large foreclosure pipelines are expected to displace owners in some countries such as the US, Spain, and Ireland, whilst new ...