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Tag Archives: Real estate sector

Estate developer boosts sector with N3.8b The Pacific tower in Lagos

housing shortage

The latest data from Nigeria’s National Bureau of Statistics showed that the real estate service sector swung back to positive growth and expected to perform better this year. Senior officials of Global Property Partners (GPP) are also upbeat about Nigerian commercial property sector, despite some analysts’ expectation that the market will remain sluggish. They believe that the current economic climate ...

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Experts optimistic about real estate performance in 2019

real estate

Going by the improvement in the nation’s microenvironment and the positive projections for 2019, the real estate sector is expected to ride on the back of these and other strides it ought to make, and put in a better performance in the year 2019. Though the sector had been generally sluggish in 2018 because of the lull in the nation’s ...

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Experts in real estate sector panic over 2019 elections

2019 elections

Right now in the Real Estate sector, there is palpable panic as to what is likely to happen during the 2019 elections. As you read this, many players have narrowed the presidential elections to a straight fight between President Muhammadu Buhari, the APC presidential candidate and Alhaji Atiku Abubakar of the PDP. It is generally believed that whoever emerges between ...

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90% of housing units not affordable to average Nigerians

housing units

Ninety per cent of the so-called affordable housing units built in Nigeria before now is in gross mismatch with affordability and accessibility dynamics of an average Nigerian citizen, New Telegraph has learnt. According to the Chairman, Value Chain Project Consultancy Limited, Pastor Joshua Egbagbe, there was no concerted push for intervention funds for the housing industry for low and medium ...

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Stakeholders converge to tackle issues on land development

Land affects every aspect of a city and national development at large. It is believed to be the central issue in the development process. Its ownership and uses have always played an important role in shaping identities, defining power relations and understanding the political, economic and social process at work. However, there are issues associated with its acquisition, management and ...

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2018 Budget: NIESV expresses fear over non-implementation

2018 budget

Bearing in mind the late passage of the 2018 budget and the fact that only 50 per cent of what was budgeted for the housing sector in 2017 was released, the Nigerian Institute of Estate Surveyors and Valuers (NIESV) has expressed fears that the sector might not receive up to 25 per cent of its allocation for 2018. Citing so ...

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40 years obsolete Land Use Act stirs controversy

land use act

There is heightened controversy bordering on Land Use Act. In this report, CHIKA OKEKE writes that the act which hits 40 years in March is jeopardising affordable housing delivery in the country. The challenges militating against the provision of affordable housing is enormous and efforts to address the shortcomings has produced insignificant results. From difficulties in acquiring land, titling and ...

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NIESV bemoan poor remuneration of real estate operators

NIESV

Mr. Rowland Abonta, the National President of Nigerian Institution of Estate Surveyors and Valuers (NIESV), at the weekend, decried the poor remuneration of operators in the real estate subsector of economy. Mr. Rowland Abonta, the National President of NIESV, made the observation while inaugurating the Corporate Affairs Committee for the 2018/2019 year in line with the provision of the institution’s ...

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