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Tag Archives: Housing

Housing, electricity costs push inflation to 18.48%

Lagos house prices and economic recession

New Telegraph reports that the monthly inflation rate commonly referred to as Consumer Price Index (CPI) has risen by 0.15 per cent from 18.33 per cent to 18.48 per cent in the month of November, according to the monthly inflation data released by the National Bureau of Statistics (NBS). NBS cited increases in costs of water, housing, electricity, gas and clothing ...

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Gov Ambode urges residents to become house owners through new policy

Gov Ambode urges residents to become house owners through new policy

Lagos State Governor, Akinwunmi Ambode, on Thursday, urged residents to take advantage of the state’s Rent-To-Own and Rental Housing policy to become house owners and address housing problems in the state. Vanguard reports that Ambode, represented by his Deputy, Dr Idiat Adebule, made the call at the flag-off of the Rent-To-Own and Rental Housing policy in Sir Michael Otedola Estate, ...

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UPDC unveils The Residences in Lagos

UPDC unveils The Residences in Lagos

UACN Property Development Company (UPDC) Plc, last week unveiled another residential project in Lagos, The Residences, which is a milestone towards reducing the huge housing deficit in Nigeria in general and Lagos in particular. According to The Guardian, The Residences, located within the former Durban Hotel, now Golden Tulip Festac Hotel, Janet Fajemigbesin Street, Off Festac Link Road, Amuwo Odofin, ...

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Lagos to commence rent-to-own scheme December 8

Gov Ambode urges residents to become house owners through new policy

As part of efforts to reduce the effects of the current economic downturn in the country, the Lagos State Government, yesterday, said it has concluded plans to start allocation of houses using the newly-introduced rent-to-own policy. Vanguard reports that the State’s Commissioner for Housing, Prince Gbolahan Lawal, who disclosed this at a press conference ahead of the launch of the scheme, ...

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Women tasked on home ownership

Women tasked on home ownership

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 ...

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Oba Elegushi launches Imperial City land promo project in Lekki

Oba Elegushi launches Imperial City land promo project in Lekki

Vanguard reports that the ancient Ikate Elegushi Kingdom has launched an Imperial City Promo project, which would give hard working Nigerians the chance to own a plot of land worth N42m in one of the high brow areas of Lagos State. According to Vanguard, the Imperial International Business City (IIBC), which is the first self-sustaining eco-friendly smart business city in ...

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