Tag Archives: real estate

The Gombe Water Project is currently being stalled by lack of funds. This is based on a statement by the Manager of Gombe State Water Board, Isa Muhammad, who revealed in a report by The Guardian that prolonged maintenance at the treatment plant has put the state capital in an acute water scarcity.  Muhammed said the Board would soon establish a ...

The Guardian reports that the Minister of Finance, Kemi Adeosun, has announced plans by the Buhari administration to launch a new housing finance initiative. The Federal Government is planning a mortgage system that will catalyse the development of the mortgage market in Nigeria with the provision of single digit interest rate mortgages and longer repayment periods such as 20 years. ...

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 ...

Chinese real estate impresario Dai Zhikang had made the “bold” decision to get out of property investment and look to investing in the arts. According to an article in the South China Morning Post, The founder and chairman of Shangahi’s Zendai Group compared the recent property market rise to a “dead cat bounce,” saying he wants to rebuild Zendai “top ...

Japanese developers and private equity investors are looking to enter Indian real estate market and could invest at least USD 2 billion over the next three years in residential as well as industrial projects, says JLL. Realty consultant JLL India said in a report that the country is emerging as major investment destination for Chinese and Japanese developers. China’s biggest ...

A prominent Chicago real estate lawyer is being sued by a creditor that says he fraudulently shielded assets to dodge personal guarantees for more than $21 million in loans. Glenn L. Udell, and his wife, Pamela Udell, both are named in a lawsuit PNC Bank filed May 19 in federal court in Chicago. It alleges the couple conspired to transfer ...

In most countries of the world, buildings are built based on adequate planning and strict adherence to the health and safety of the community. Constructing a building on your landed property will require due diligence. This is to ensure the structure is an acceptable model in the area where your land is located. For example, if an area is earmarked ...

Mr. Kehinde Daodu in a chat with Elsie Godwin of Nigeria Real Estate Hub (NREH), pointed out the need for the Land Use Act of 1978 to be severed from the constitution. Daodu, who is a lawyer and have been practising for over 12years also pointed out areas of the Land Use Act to be amended. He called on the ...

“The Ministry of Housing needs to work closely with the Ministry of Transportation. That’s how most major cities in the world have grown. Railway is the biggest stumbling block for Real Estate to grow in this country. If government can provide rail, you do not need to tell these Developers to Build” The above statement was made by Babafemi Awofala ...

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 ...