Bothered by the disruptive impacts of technology on the built sector, practitioners especially, the Association of Estate Agents in Nigeria (AEAN) have been urged to embark on regular training and re-training of members on new innovations that would enhance their business. Technology roles on preconstruction, construction and post construction stages as well as real estate transactions had recently revolutionized the…
Investors in housing sector have been charged to introduce and implement a greener development path that ensures resource-efficient construction and practices. According to experts, green construction offers a chance to secure emission cuts at a low cost and lock in energy and water savings for decades to come. Nigeria currently ranks as the 15th most vulnerable country to the effects…
Majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization and low supply of affordable housing, the Pan-African housing development financier, Shelter Afrique, has said. Speaking in Nairobi at the inauguration of Karibu Homes, a low-cost housing project financed by the organization, Shelter Afrique Chairman Daniel Nghidinua said the situation is compounded…
Following the projection that proptech will attract about $20billion to real estate industry in 2019, experts have asked the federal government to put in place policy and regulatory framework that would enhance performance of property technology sector and help start-ups overcome challenges faced in their operations. This was the position of experts who gathered at the Nigerian Property Technology Conference…
With the population outstripping available homes, stakeholders in the industry have asked government to focus more on the provision of quality and affordable housing. They canvassed for houses that meet people’s standards and delivered in record time, without the usual bottlenecks associated with acquiring properties in the country.The experts spoke at the 7th edition of the Africa CEO’s forum held…
The world at the weekend laid the groundwork for a radical shift to a more sustainable future, where innovation will be harnessed to tackle environmental challenges, the use of throwaway plastics will be significantly reduced, and development will no longer cost the earth. After five days of talks at the Fourth UN Environment Assembly in Nairobi, ministers from more than…
The United Nations said it is beaming searchight on wildlife trafficking in Nigeria, following recent seizure of more than $8 million worth of elephant tusks and pangolin scales by Hong Kong customs from a shipping container coming from Nigeria, making it the biggest catch of its kind, by value and weight and ever in the city. Over the past twelve…
Unlike before, whereby the print and electronic media were the only channels toward reaching buyers in the real estate industry, the social media is becoming a powerful tool that offer a robust platform for marketing and sales of services. Asides the fact that major firms now have presence on websites, the sites are further linked to various social media platforms…
This is not the best of times in the nation’s real estate sector, as it has continues to slide negative despite insinuations that the country has exited recession. For instance, in 2018, the sector witnessed downturns largely due to several factors ranging from government macro-economic policy to over-supply in commercial and retail sectors as well as inappropriate supply in the…
Despite the rapid growth of ‘Grade A’ office developments in highbrow locations such as Lagos, Abuja, Port-Harcourt and other cities, investors are increasingly seeking ‘off-takers’ in their property developments. Research show that ‘off-taking’ is becoming the norm where the demand for business space is hottest and it accounted for over 20 percent or a greater proportion of the office demand…
