With the economy sliding to recession, the apex mortgage firm has braced up on lending standards to ensure early recovery of the housing market. The Federal Mortgage Bank of Nigeria (FMBN) has also moved to ensure the Economic and Financial Crimes Commission (EFCC) recovered misappropriated contributory funds under the National…
Special teams from the Lagos State Ministry of Environment's Emergency Flood Abatement Gang and Drain Ducks have been sent to flood-prone areas to clear blocked drainage channels in the state. The Commissioner for the Environment, Dr. Babatunde Adejare, at a briefing in Alausa, Ikeja, on Wednesday said the government had…
Governor Akinwunmi Ambode of Lagos State on Tuesday said he would sanitise every nook and cranny of the state. Ambode spoke at the Lagos House, Ikeja, during the inauguration of a special committee saddled with the responsibility of restoring the original master plan of the Ikoyi, Victoria Island and Lekki…
Dreams of lower construction costs by prospective homeowners might have become a nightmare, going by fresh increase in the price of cement products by manufacturers. The development has already triggered a ripple effect in the open market, with prices going up by about 44 per cent in few days. Investigations…
The Lagos State Government says it has started the construction of an alternative road from the Olopomeji area to decongest the gridlock in the Iyana Oworoshoki area leading to the Third Mainland Bridge. The Commissioner for Transportation, Dr Dayo Mobereola, who spoke in Alausa, Ikeja, on Monday, explained that the…
Governor Akinwunmi Ambode of Lagos State on Monday signed the Lagos State Properties Protection Law to put a stop to exploitation of property owners by land grabbers, popularly called omo oniles. The governor also signed the Lagos State Neighbourhood Safety Corps Law, aimed at boosting security of lives and property…
A newly released biannual Global Real Estate Transparency Index (GRETI) 2016 by property consultancy firm Jones Lang LaSalle (JLL), Nigeria ranks 83rd out of 109 markets covered. Nigeria’s real estate transparency score was 3.8 in 2016, a marked improvement in transparency. The scores in the Index range between one and…
To curtail future occurrence of disasters arising from building collapse, the Federal Government has urged built environment professional bodies to instill professional standards expectations in their respective statutory mandates. Minister of Power, Works and Housing, Babatunde Fashola who spoke, at the Annual Building and Construction Roundtable organized by the Quantity…
Commercial real estate investment remained strong across Europe in the second quarter of 2016 totaling €54.0 billion, up 2.5% on the previous quarter and 30.4% on the 10 year average, new research shows. However, overall activity fell short compared to the second quarter of 2015 with the office sector having…