The continued market activity in major African cities to deliver residential developments within the luxury and deluxe category has created a huge gap between the demand and supply for low-income earners, a report by Estate Intel has stated.
The report titled ‘Residential developers dominating Africa’s major cities’ indicated that the demand for affordable and inclusive housing schemes…
First City Monument Bank says it has partnered with real estate firms, Brains & Hammers Limited and Brooks Assets & Resources Limited, to provide affordable housing for salary earners and self-employed residents in Lagos State.
A statement by the bank said the…
The United State Government’s Prosper Africa initiative has announced the close of $274min long-term financing for the housing sector in Nigeria and other West African countries.
TO achieve this goal, Prosper Africa is partnering with Bank of America Securities Inc, Brean…
Real estate development activities in Lagos, the country’s commercial hub, plunged by 14 per cent in 2022 as a result of heightened election uncertainty, currency challenges and inflation, an Intel report said.
The report titled “Lagos Real Estate Development Pipeline Report” disclosed that despite its volatility, the real estate market has remained resilient with bright spots emerging…
Smart buildings cannot bring down the high cost of houses which has created a huge housing gap in the country, operators in the built industry have stated.
In an exclusive interview with The PUNCH, a structural engineer, Olatunbosun Adaramola, said smart buildings have to…
Stakeholders in the built industry have advocated the development of measures that make affordable housing for low and middle-income earners a reality in the country.
The Executive Director of the Housing Development Advocacy Network, Festus Adebayo, said housing was…
The Federal Capital Territory Administration has alerted residents on the proliferation of illegal housing estates and other developments in the capital city.
This was as it reiterated its readiness to demolish illegal structures obstructing the town’s master plan.
The Director of the Department of Development Control, Mukhtar Galadima, who gave the warning during a press briefing, stated that…
Stakeholders in the building industry have been charged to uphold standard ethics, which would put the sector in good light and lead to improved welfare for practitioners.
A professor of Estate Management at the University of Lagos, Nigeria, Timothy Nubi, attributed the high…
Stakeholders in the building industry have called on the government to provide incentives to players within the ecosystem as a way of boosting wealth creation and economic prosperity.
They disclosed this at the Nigerian British Chamber of Commerce and the International Real Estate Federation Real Estate Outlook 2023 themed “Pitching Your Tent Post-2023 Elections” in Lagos.
In a statement, the…