Tag Archives: Real estate sector

It’s that time of the year when love is consciously renewed and engraved in our hearts. It’s Valentine’s day again and everyone is either proclaiming their love for another or rediscovering new ways to love. The day when the skies suddenly turn red and the earth becomes an arena of unspeakable romance. The various hangout spots and fun zones becomes ...

In 2017, the Nigerian economy and investment market was in distress. For most Nigerians, being lost in the surging tides was a whole lot easier than staying afloat. Nigeria as a country managed to survive the storm of 2017. In this piece, we review 2017 as a guide to what lies for the real estate sector and it’s affiliates in ...

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 ...

“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 ...

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 ...

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 ...

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 ...

Investments with exciting opportunities for good returns abound in listed equities with strong fundamentals and low valuations and other growth sectors of the economy. Some of them are real estate, education, health and agricultural sectors. There are also investment opportunities in companies that are non-import dependent as Nigeria grapples with foreign exchange constraints. These were part of the conclusions of ...

Since we became a republic, the real estate sector in Nigeria has been fighting for survival. Its stunted growth, development and dwindling fortunes over the years remain a major source of worry. This article aims to address the problems that arise from the role of government in the real estate sector. Real estate has continued to play a significant role ...

Despite the downturn in the economy, experts in the real estate sector are of the opinion that though the sector will respond to both negative and positive economic sentiments this year, there will still be a lot of activities. A report by North Court Real Estate, entitled: ‘Nigeria real estate market outlook 2016’, stated that the office development pipeline had ...