The Nigerian Electricity Regulatory Commission on Thursday said it would uphold the court ruling mandating it to reverse the 45 per cent increase in electricity tariffs across the country, six months after implementing the Multi Year Tariff Order 2, which brought about the hike in the tariffs. A Federal High…
  Dreams of lower construction costs by many prospective homeowners have once again become a nightmare, going by fresh increases in the prices of cement-based products effected recently by the manufacturers. The prices of cement were recently reduced by Dangote Cement Plc, a leading producer of cement in the country…
Some 74% of key global cities saw house prices increase in the year to March 2016 but there is a widening gap between the strongest and weakest residential markets. The latest global residential cities index from Knight Frank, which tracks prices across 150 cities, shows that overall values were up…
The new flexible foreign exchange policy announced by the Central Bank of Nigeria, CBN, last week is believed to be a turning point for most business organisations currently struggling under the nation’s harsh economic climate. This optimism was expressed by the Managing Director of Propertygate Development & Investment Plc, a…
    Notwithstanding the harsh economic challenges bewildering the nation’s economy, an investment and real estate development company, Messrs. Propertygate Development and Investment Plc, has said it would undertake and deliver more rewarding real estate projects. The Managing Director and Chief Executive Officer of company, Mr. Adetokunbo Ajayi, gave the…
    As a proof of its dynamism, a frontline real estate company in Lagos, Propertygate Development and Investment Plc, has again fulfilled its promise to its numerous customers unveiling new homes targeted at the middle-income group. The buildings are residential clusters built on three parcel of land within a…
Property prices per square metre have risen by 432% in Greater London against a national average increase of 251% over the past two decades, according to new research. Although London dominates the country's list of most expensive property locations on a per square metre basis, several areas outside southern England…
Under plans unveiled in the budget, the ministry plans to embark on the construction of 1,973 blocks of 7,068 housing units in the six geo-political zones and the Federal Capital Territory (FCT) at a cost of N44.5 billion plus other prototype housing and social housing schemes. Better days may be…
Despite ongoing inventory shortages and faster price growth, existing home sales in the United States have sustained their recent momentum and moved higher for the second consecutive month. The latest data from the National Association of Realtors shows a surge in sales in the Midwest and a decent increase in…