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…
FCMB, firms partner on housing loans
March 24, 2023
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…
US system, bank invests $274 million in affordable housing
March 24, 2023
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…
Smart homes cannot solve the problem of housing shortage.
March 13, 2023
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 do with technology, making the home more conducive to live in, but come with a huge cost.
He said, “These smart features are…
Citizens looking for affordable housing
March 13, 2023
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…
Advocacy groups are looking for ways to work together to address the housing shortage.
February 20, 2023
Stakeholders in the built industry have called for collaboration between the Federal Government and the private sector to tackle the country’s housing deficit.
This call was made at the maiden edition of the real estate outlook conference organised by Wemabod Limited in…