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Tag Archives: real estate

How budget delay hinders housing delivery, by stakeholders

Lagos hands over 200 rent-to-own homes

According to The Guardian, Stakeholders in the built sector say the delay in passing the 2017 budget which is making uncertain the amount of money to be spent in the industry may impact negatively on housing delivery this year. The country has between 17million and 18 million housing deficit and will need one million houses yearly to fill the gap. ...

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‘Future of estate surveying, valuation practice is bright’

‘Future of estate surveying, valuation practice is bright’

“From tomorrow, estate surveyors will converge on Imo State for their 47th annual conference, to acquaint the government and public with the peculiar roles of the profession in the economic development of the country. The Nigerian Institution of Estate Surveyors and Valuers president, Dr. Bolarinde Patunola-Ajayi, spoke with Property & Environment Editor, Chinedum Uwaegbulam on how it plans to expand ...

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Recession: Real estate stakeholders want sector reenergized

Recession: Real estate stakeholders want sector reenergized

Daily Trust reports that as the federal government  released the Economic Recovery and Growth Plan (ERGP) which unveils a road map for the country’s economic recovery growth and sustainable development, real estate experts have called on the government to look in the direction of the real estate sector to further improve the economy. The government said the core vision of ...

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Afriland Properties to distribute 125m shares to shareholders

Investors holding back on the Nigerian property market despite opportunities

The Nation reports that the Board of Directors of Afriland Properties Plc has recommended distribution of about 124.9 million ordinary shares of 50 kobo each to shareholders of the company as bonus shares for the immediate past business year. Shareholders in the book of the company as at the close of business on Tuesday, March 7, 2017 will receive one ...

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Estate manager arraigned for foreign exchange fraud

Alleged N2b land fraud: EFCC quizzes Abuja estate developer, SAN

According to The Nation, the Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a Real Estate manager, Mr. Oluwafunmilayo Samuel Ademosu, over alleged N62 million foreign exchange fraud and issuance of dud cheque. Ademosu was arraigned alongside his company, H. T. Real Estate Limited, before Justice Josephine Oyefeso of a Lagos State High Court sitting in Ikeja. They are ...

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T.A.G EXPO to host real estate stakeholders

Expert predicts growth in Nigeria’s real estate investment

“As part of activities to uveil plans for her ‘TAGEXPO summer experience’ billed to hold in Houston, Texas, United States and London, United Kingdom this summer, The T.A.G EXPO will be hosting real estate stakeholders to a breakfast session on March 29, 2017. According to the Chairman T.A.G Nigeria Limited, Mr. Francis Efoechoku, the session will provide insight into the ...

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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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Difference Between Personal Property And Real Property

Lagos Chamber Tasks NASS On Real Estate Bills

Personal property is movable property. It’s anything that can be subject to ownership, except land. Real property is immovable property – it’s land and anything attached to the land. This article reveals the difference between personal property and real property. There are two types of property. In legal terms, all property will be classified as either personal property or real ...

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Real Estate Development as an Economic Driver

real estate development

Real estate development is regarded as an economic driver in any economy. In this piece, Debo Adejana – one of the foremost real estate experts in Nigeria explains how real estate development can improve the economy of any country Anywhere in the world, the business of real estate development is taken seriously; it’s painstaking, tasking, albeit it is lucrative and ...

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