Experts urge tax reform in real estate to boost homeownership

The growth of the housing sector and access to homes in Nigeria face numerous challenges, with a significant issue being the complexity of taxes affecting developers and building materials producers in the delivery of end-products. Experts assert that reforming industry taxes and implementing interventions will play a pivotal role in improving homeownership. Governments at both federal and state levels are…

Navigating Homeownership in Nigeria

The dream of owning a home in Nigeria faces considerable challenges, ranging from political policies and high inflation rates to limited accessibility and imposing interest rates from lenders. In a nation where homeownership is currently pegged at a mere 10%, compared to 72% in the US and 78% in the UK, the hurdles of rising construction costs, soaring land prices,…

Dangiwa commits to transforming the housing sector

The commitment to transformative reforms in Nigeria’s housing and urban sector has been reiterated by the Minister of Housing and Urban Development, Ahmed Dangiwa. Emphasizing the Ministry’s dedication to reshaping the narrative of housing and urban development, the Minister highlighted the exploration of creative solutions for implementing necessary reforms. Read also: Navigating a Declining Market In a statement by the…

Navigating a Declining Market

What to Do If Your Home Is Losing Value Homeownership is often considered a cornerstone of financial stability and an investment in the future. However, the real estate market can be unpredictable, and homeowners may find themselves in a situation where their property is losing value. While this can be disheartening, it’s essential to approach the situation strategically and proactively….

Empowering Low-Income Individuals to Achieve Homeownership

Exploring the Possibilities for Low-Income Earners in Homeownership In the realm of real estate and homeownership, a question that often arises is whether low-income earners can realistically build a home. This blog delves into the various factors influencing this scenario, shedding light on potential solutions and avenues for those with modest incomes to embark on the journey of homeownership. Read…

Experts Advocate for Overhaul of Real Estate Industry through New Policies

The International Real Estate Federation (FIABCI), Nigeria Chapter, is urging both federal and state governments to revitalize the real estate industry through the implementation of new policies and initiatives. This call came during the 50th anniversary celebration of FIABCI-Nigeria Chapter in Lagos, themed “Repositioning Real Estate Industry for the Future: Ethics, Affordability, and Sustainability.” Read also: ENHANCING COMPLIANCE WITH BUILDING…

Real Estate vs. Mutual Funds: A Brief Comparison

Real estate and mutual funds are popular investment options, each with its unique characteristics. Let’s explore the key differences between these two avenues. Real estate involves tangible assets such as land and buildings. When you own real estate, you possess physical properties and the associated legal rights. This includes the right to use, control, exclude others, enjoy, and dispose of…