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…
According to PM NEWS, Key speakers are expected at FREIA 2017, the biggest luxury event of the year. Consequently, these speakers were strategically selected to optimize the essence of the one-of-a-kind Afrocentric event that would create a platform to explore the synergy within the Real Estate, Interior Design and Art Industries. These names come with a pedigree and clout that…
Overwhelmed by the country’s huge housing deficit estimated to be whopping 17 million units, a new group known as the Society of Real Estate Developers of Nigeria, has emerged to support the government at all levels in tackling this huge housing shortfall. As windows of opportunity, the Society is to construct and deliver to the federal government of Nigeria 10,000…
