Tag Archives: Rent to own

“With burgeoning population of over 22 million, Lagos is faced with housing challenge. On daily basis people migrate from every nooks and crannies of Nigeria to Lagos without ever thinking of leaving, thus compounding the housing challenge. Undoubtedly, shelter is one of the three basic necessities of life, others being food and clothing. Adequate housing includes secure land title, access to ...

The Nation reports that the Lagos State government has said it will inject about N200 billion ($500 million) into Ilubirin Housing Estate’s new model plan. Commissioner for Housing, Mr. Gbolahan Lawal, addressed reporters yesterday on government’s plan to further develop the estate. He said the government was putting massive infrastructure in the project for residential and commercial uses. Lawal said ...

“As part of efforts of the Lagos state government to bridge the housing gap in the state with its Rent-to-Own initiative through which the state allocates a minimum of 200 housing units to its citizenry on monthly basis, a total of 500 housing units have so far been allocated in an exercise that commenced two and half months ago.”- Vanguard Hundred ...

“The Lagos State Government has handed over keys to another set of 200 successful applicants of the Lagos rent-to-own initiative with a promise to sustain the policy in partnership with the private investor.”- The Nation Its Commissioner for Housing, Mr. Gbolahan Lawal, who presided over the ceremony, said the state has over 4, 000 housing units yet to be subscribed ...

Do you know you can own a house you still pay rent for whilst still a tenant? Do you think it’s possible to be a tenant on a property and yet be the landlord of that same property? Be a part of the first DEBO ADEJANA REAL ESTATE SEMINAR for 2017 to get answers to these thought-provoking questions The first ...

As part of efforts to reduce the effects of the current economic downturn in the country, the Lagos State Government, yesterday, said it has concluded plans to start allocation of houses using the newly-introduced rent-to-own policy. Vanguard reports that the State’s Commissioner for Housing, Prince Gbolahan Lawal, who disclosed this at a press conference ahead of the launch of the scheme, ...

Nigeria’s housing deficit stands at 17 million units and the estimated cost of bridging this gap is N59.5trn. Industry estimates suggest that about 100,000 new houses are built each year in Nigeria, compared to estimated demand of 700,000 units.  The FGN recently disclosed plans to build 360 houses in three pilot states, develop a “Rent to Own” housing scheme for ...

The Lagos State Government on Monday said it had introduced the Rent-to-Own Policy to support the Lagos Mortgage Scheme for home ownership in the state. The Commissioner for Housing, Mr. Gbolahan Lawal, said at a ministerial news conference in Ikeja that the scheme had already become effective. Lawal said that the policy was aimed at making housing more accessible and ...

The executive Director of NatanelFlorens, Yinka Daramola, in an interview with Punchng correspondent says the government and the private sector could explore the rent-to-own initiative as an answer to the housing challenge in the country. What is your assessment of the real estate sector? The real estate sector in Nigeria is clearly underdeveloped. There’s still a lot to be done in ...

Do you know you can live in a house you are still paying for? Absolutely YES! You can take possession of a property you are still paying for, and you pay what you are owing as rent. There is definitely more to this concept, and Debo Adejana, MD/CEO of Realty Point Limited is at the helm once again to unravel ...