Plans are underway by the Nigerian National Petroleum Corporation (NNPC) to invest its over N100 billion worth of unharnessed landed property across the country in the real estate sector. The feasibility of the plan would largely rely on the ability of the group to recover the assets across the country. It would also be a major shift from its initial…

Lagos-based real estate firm, Homework Development and Properties Limited, says it is working to restore the trust foreign investors once had in the Nigerian real estate industry. The firm said the confidence that more foreign investments would come into the country came as a result of the recent conference organised by the Association of Nigerian Physicians in the Americas in…

Following plans to introduce a public private partnership scheme that seeks to increase access to housing finance, the Central Bank of Nigeria (CBN) has selected 34 primary mortgage banks and 4 commercial banks to stimulate housing finance for low-income earners in the formal and informal sectors. The banks will join nine other micro finance banks in the ‘My Own Home’ scheme,…

Demand for investment in African real estate is expected to reach a fever pitch in 2018, and beyond, as the continent’s markets turn to growth after years of trying trading conditions. The prediction, Africa’s leading provider of real estate development and investment conferences, API Events said, followed macroeconomic indicators released recently by the International Monetary Fund (IMF) pointing to a…

If you’re just beginning to invest in real estate, you’ll find that there’s a lot to learn. In this article, we share five basic tips for investing in real estate. Real estate investing is more complicated than investing in stocks because of the financial, legal, and extensive due diligence requirements involved. That’s why it’s a good idea to give yourself…

As Nigeria is saying goodbye to recession, the currency uncertainty, falling production and double digit inflation that saw the country fall into negative growth and weighed heavily on investor confidence, are giving way to a brighter picture. Subsequently, as the economy improves, the picture for real estate, both for occupational and capital markets, are expected to start improving through 2018….

Built environment professionals who gathered at the just-concluded 57th Annual General Assembly & Conference of the Nigerian Institute of Architects, NIA, tagged BGM 2017, have called for concerted efforts from relevant stakeholders in addressing affordable housing provision in the country, against the backdrop of the huge housing deficit of the nation. The theme of the BGM which took place in…

Stakeholders in the housing sector have advocated for a law that will help Nigerians surmount challenges facing the provision of affordable housing in the country. They also said that time has come for government at all levels to leverage and unlock the potentials in that sector to improve the economy. According to them, challenges such as poor financing, high cost…

A real estate marketing firm, Revolution Plus Property Development Company Limited, has revealed its intention  to partner with the Federal Government in its quest to bridge the 18 million housing deficit by year 2030. To achieve the goal, the firm has decided to offer 20 per cent discount on all its housing estates across the country during the just concluded…

In its bid to reduce the widening housing deficit in the country, Sterling Court Development, a Pubic Private Partnership Development initiative in collaboration with Lagos State Government through Agboyi-Ketu Local Council Development Area, in financial partnership with Sterling Bank Plc, is set to offer a solution to the acute housing shortage being experienced in the nation particularly in Lagos State…