Purchasing property is one of the most significant investments you can make. Whether you are a first-time homebuyer or an experienced investor, navigating the real estate market can be complex and overwhelming. This is where a real estate agency becomes invaluable. Here are some compelling reasons why getting a property through a real estate agency can make your experience smoother,…
The company’s Chief Executive Officer, Mr Odunayo Ojo, highlighted UPDC’s unwavering commitment to addressing the housing deficit and challenges ofurbanisation in the country. He also outlined its strategic focus on revenue diversification, middle-class housing, Nigerians in diaspora, increased customer satisfaction and strategic partnerships. “As a company, we strive to be innovative; to properly cater to the middleeconomy, we had to…
The Nigerian Institute of Quantity Surveyors (NIQS) has announced plans to establish a comprehensive national cost database for the construction industry. This initiative aims to mitigate the effects of hyperinflation on the cost management of construction projects across Nigeria. NIQS President, Mr. Kene Nzekwe, disclosed this during a two-day South West Zonal workshop themed “Building a Resilient Cost-based Knowledge Economy…
The Ministry of Housing and Urban Development has announced the receipt of 8,925 applications for the reallocation of homes under the National Housing Programme (NHP). Housing Minister Ahmed Dangiwa shared this information during a sectoral ministerial press briefing marking President Bola Tinubu’s first year in office in Abuja. The NHP, launched in 2021 under the Buhari administration, aims to provide…
Renting a property as a single individual can be both exciting and liberating. Whether you’re a young professional starting your career, a student seeking off-campus housing, or simply looking for a change of scenery, the rental market offers a variety of options to suit your needs. However, finding the perfect rental property requires careful consideration to ensure it meets your…
Ahmed Dangiwa, the Minister of Housing and Urban Development, has urged for the revision of the Architects Registration Council of Nigeria (ARCON) Act 2004. He made this appeal during the recent inauguration of the reconstituted 14th Council of the Architects Registration Council of Nigeria in Abuja. Dangiwa emphasized the need for a thorough review of the ARCON Act to bring…
Architects are urging for a shift towards construction practices that prioritize the environmental needs of Lagos. This was the central focus of the annual Lagos Architects Forum, held from May 8th to May 11th, 2024, in Lagos, under the theme ‘Lagos Resilience and Climate Adaptation’. In his keynote speech, Muyiwa Oki, President of the Royal Institute of British Architects, emphasized…
In the world of real estate, every property holds untapped potential waiting to be unlocked. Whether you are a homeowner looking to sell or an investor seeking to maximise returns, understanding the role of interior design can make a significant difference in the value of your investment. From small upgrades to major renovations, strategic design choices can transform a property…
The International Monetary Fund (IMF) has reported that the recent interest rate increases by central banks, aimed at controlling inflation, are hindering the growth of housing markets and making mortgages less accessible. This analysis was part of the IMF’s Global Economic Outlook released during the IMF/World Bank Spring Meetings, under the theme “Steady but slow: Resilience amid divergence.” The report…
Unlocking Opportunities: Investing in real estate, particularly estate plots, in Nigeria offers a myriad of benefits for individuals seeking lucrative opportunities and long-term financial security. With the country’s growing population, urbanization, and increasing demand for housing, purchasing estate plots presents a strategic investment choice that can yield significant returns. Here are some compelling reasons why buying estate plots in Nigeria…
