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Tag Archives: real estate

Easy Guide to Building a Low-Cost House in Nigeria

affordable housing

With the fast rising cost of owning a house in Nigeria, you are probably on the lookout for an alternative low-cost house that helps you become a homeowner without drilling a gaping hole in your pocket. Architects have maintained that a growing population of people are opting for building their own homes as opposed to buying a property. This explains ...

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Real estate cooperative launches investment plan for kids

real estate

Bersama Cooperative, a real estate investment-based society has launched their investment plan for children. Bersama kid/teens is a real estate plan which focuses on a structured savings for parents and guardians of children within the age range of 0-18 years. The initiative is specifically geared towards investing in properties on behalf of the children/wards before their 18th birthday. The ownership ...

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Ten major issues affecting Real Estate Industry in Nigeria

Real Estate Industry

In the real estate industry, Nigeria is experiencing rapid urbanization, with an estimated annual national population growth rate of just over 2% and an annual urban population growth rate of about 4%. The population is becoming more and more focused to the urban areas, towns and cities with just under 50% of the population living in urban areas — and ...

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REDAN, EFCC collaborate to curb property fraud

REDAN

The Real Estate Developers Association of Nigeria(REDAN) says it is working with the Economic and Financial Crimes Commission to curb sharp practices such as money laundering and other fraudulent acts in the real estate industry. The President of REDAN, Mr. Ugochukwu Chime, said the association in collaboration with the EFCC and the Special Control Unit on Money Laundering had since ...

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Investors woo Nigerians to US real estate market

real estate

A United States-based real estate investment firm, Houston EB5, has said it is giving Nigerians the prospect of investing in the US property market. The firm, working with a Nigerian real estate company, 3Invest, is raising capital for its latest development, The Allen, a mixed-use luxury development in Houston, Texas. The Managing Director, Houston EB5, Mr. Acho Azuike, said since ...

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Enugu Councillor Builds House for Childless Widow

childless widow

After decades of suffering, deprivation and near loss of life, a councillor has given succour to a childless widow in Nsukka Local Government Area of Enugu state. Evaristus Asadu, who represents Nru ward, is building a three-room apartment for Mrs. Caroline Ngwuoke in Iheagu village, Nru Nsukka “to alleviate the suffering of the poor widow before she loses her life ...

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What are the importance of social housing?

social housing

Social housing gives people a home. It’s cheaper to rent than privately rented housing and usually provides a long-term tenancy, giving renters the chance to put down roots. Social landlords tend to be councils or housing associations. The Nigeria National Housing Policy defines ‘Housing’ as the process of providing functional shelter in a proper setting in a neighborhood, supported by ...

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Nigeria’s Real Estate Sector Grew Once In 15 Quarters –Research

real estate

The report said, “The real estate sector performance has remained lacklustre since 2016 and has recorded a positive GDP growth just once in the past 15 quarters.”  Analysis by CSL research has shown that the housing industry in Nigeria grew once since 2016. Using data from the Central Bank of Nigeria, the financial analysis firm discovered that loans granted to ...

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Nigeria’s real estate industry attracts foreign investors – Experts

houses

The Nigerian real estate industry is about to experience massive investments from the overseas, as foreign investors have expressed their interest to pump money into the rapidly growing sector.  Some foreign investors, who are seeking new opportunities in Nigeria, said that their interests in the country’s real estate sector were reignited by the growth of the industry. They made this known at ...

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NIA honours Cosgrove as real estate developer of the year

NIA

The Managing Director of Cosgrove Investment Limited, Mr. Umar Abdullahi, has been honoured with the award of “Real Estate Developer of the Year” by the Nigeria Institute of Architects (NIA). Cosgrove was also honoured in its corporate capacity for “excellence in smart cities development in the country”   Both honours were conferred by the Institute at its 2019 Conference and Expo ...

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