Nigeria can reposition its 17 million estimated housing deficits to a buoyant source of economic prosperity if the National Housing Fund (NHF) and the Federal Mortgage Bank of Nigeria (FMBN) can be well funded to provide affordable homes, according to the Minister of Power, Works and Housing, Babatunde Fashola. Speaking during a housing stakeholders meeting at the weekend in Abuja,…
The relevance of housing in urban and rural environment cannot be over-emphasised. It contributes to the attainment of physical and moral health of a nation, stimulates social stability, the work efficiency, and the development of the individuals. This articles examines the urban housing crisis in Nigeria. Previous responses to the urban housing crisis in Nigeria has failed largely due to…
The issue of climate change and its consequences is all over the media and has moved up the political agenda. Occurrence and severity of natural disasters increases daily. Flooding is one of the most common natural disasters in the world. The risk of flooding has always been present for buildings close to rivers or coasts but it has been growing…
This paper discusses a strategy and functional approach for the provision of low-cost housing for the urban poor in Nigeria. It notes the rapid rate of urbanization occurring in Nigeria, which is due mainly to massive rural-urban drift, and explosive urban population growth. A major consequence of this occurrence has been the deterioration of housing situation in the urban centres,…
What is bad or good about high-rise buildings? In the light of the Grenfell Towers disaster in London where over 80 people have been confirmed dead, it is expedient we weigh the risk involved in living and working in high-rise building. The Grenfell Towers fire disaster is not the first time an ugly incident in a high-rise building will lead to high…
The number of consumers that go online each year to research at least a portion of a new home search is steadily growing year after year. Albeit, can the internet or social media really be your agent? As the internet and social media gains an even bigger foothold in Nigeria, its use is likely to steadily grow and accomplish much…
Anyone can buy a property but not everyone can buy the right property and worse still, some persons buy the right property but end up with the wrong kind of tenants. In this article we take a critical look at the top 7 tips to finding a tenant. You will be making one of the biggest investment decisions of your…
If there is some sort of investment that has investors across the world pining for, it has to be the real estate investment arena. Investment in properties is not just rewarding, it is also exciting. This article takes a critical look at the winners and losers in real estate investment While there are several more options in investment like stocks, foreign…
From superstitions to roller coasters- these ten interesting real estate facts from around the world and through history, will intrigue and entertain. In Scotland, home owners paint their front door red when they pay off their mortgage. Throughout history, a red front door has symbolized many things — the ancient Hebrews believed it would protect firstborn children from the angel of…
Majority of Nigerian tenants don’t believe the average Landlord can be nice and dandy or even have the tendency to be nice. This article talks about how landlords can go out of their way to be nice to their tenants. Honestly, I am tired of hearing tenants complain about their landlords. These days no one seems to have something good…
