A new report has ranked Lagos, the nation's commercial nerve centre as the third least of world cities that are highly unaffordable for renters. The report released by RENTCafé, a property search website puts Lagos rent at $355 (N129, 575) per month while the household income is $625 (N228, 125), making  the city the third…
Worried by huge figures of housing deficit facing the country, the World Bank and International Development Association, IDA, have set aside $300 million to fast-track provision of  accommodation for the teeming Nigerian population. The fund, which is to be channelled towards pursuing aggressive development of housing sector in Nigeria, is…
A new legislation that seeks to fast track housing delivery through the establishment of a National Housing Trust Fund has already been gazetted for second reading on the floor of the House of Representatives. Analysts note that the passage of the new legislation will help in bridging the estimated 17…
Following projected improvement in global productivity growth for 2017 by the International Monetary Fund, IMF, with activities in both advanced economies and emerging markets as well as developing economies expected to accelerate in the year, real estate sector of the nation’s economy is set to experience boom. Managing Director and…
Globally, property prices in key locations increased by 6.5% in the 12 months to March 2017, the highest rate of growth for three years, according to the latest index. Overall, 11 countries out of 55 recorded double digit price growth in the year compared to only four a year earlier,…
Leading real estate and infrastructure experts under the aegis of Global Real Estate Institute (GRI) club have identified funding challenges to investment in real estate and proposed options for practitioners in African continent to operate optimally at a recent meeting in London. At the meeting with the theme “Trends Shifting…
Leading real estate and infrastructure experts under the aegis of Global Real Estate Institute (GRI) club have identified funding challenges to investment in real estate and proposed options for practitioners in African continent to operate optimally. At the recent meeting in London with the theme “Trends Shifting Real Estate Capital…
These are not the best of times for property developers and prospective homeowners, as prices of building materials, especially cement-based products have hit the roof and substandard products are gaining ground in most popular markets. Cement, which is key component of the building construction has remained high after retail prices increased…
Despite political and economic uncertainty around the world the top end of the residential real estate market continues to be regarded as a lucrative investment with record sales and rising prices. The last year has seen record sales in the luxury market, including a historic number of $100 million sales…