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Tag Archives: Real estate sector

Architectural companies embrace more design and build concepts

architectural companies

More evidence that architectural companies are embracing design and build concepts are emerging, following the lull in the construction activity. The move is triggered by declining new projects coupled with escalating construction cost that has forced individual builders to vacate sites. Design-build is a project delivery system used in the architectural companies. It is a method to deliver a project ...

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MBAN calls for exploration in real estate to aid development


Mr Adeniyi Akinlusi, President, Mortgage Banking Association of Nigeria (MBAN), on Wednesday urged exploration of the potentials in the real estate sector to aid economic development and alleviate poverty. Akinlusi, who made the call in an interview with the News Agency of Nigeria (NAN) in Lagos, said that there were untapped resources in the real estate and construction industry. He ...

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The Challenges of Financing Real Estate Developments in Nigeria

Financing real estate developments

Proper financing is all-important to successful property investment and development. In this article we take a critical look at the challenges of financing real estate developments in Nigeria. The term ‘development’ as defined in section 2(1) of the Nigerian Town and Country Planning ordinance 1948, states that “development in relation to any land includes any building or rebuilding operation and ...

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Nigeria’s real estate sector to record 5.39 per cent growth

Real estate sector

“Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020.” The Guardian The growth, experts said, would however depend on the supports from private and public investments, agricultural revolution, favourable oil prices, increase in volume of oil production and capable political leadership. This is the ...

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FIABCI to honour and promote institutions, individuals in real estate sector

FIABCI to honour and promote institutions, individuals in real estate sector

Reports show that the Nigerian chapter of the International Real Estate Federation (FIABCI) plans to honour and promote individuals and institutions recognized as drivers of growth in the real estate sector. The Guardian reports that the award by the federation is an integral part of its Annual Award and Business Dinner 2017 and will help motivate the domestic real estate ...

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Construction industry, Real Estate can salvage economy – Experts

prof. Nubi | Construction industry, Real Estate can salvage economy - Experts

With the state of the nation’s economy today, experts are of the opinion that the real estate industry and construction industry can drive growth in the economy through its links to other manufacturing sectors like the transport infrastructure. According to The Guardian, a new report released by the European Commission suggested that every job created in construction results in two ...

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Estate Surveyors Have So Much To Give – Offiong Ukpong

Estate Surveyors

The Lagos State branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) is championing the establishment of office of the valuer-general and regulation of estate agency practice. In this interview, the State chairman and managing director, Niger Insurance Properties Limited, OFFIONG SAMUEL UKPONG, explained to The Guardian’s HAPPINESS OTOKHINE, why the institution is promoting a bill to empower ...

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