Since the land is not expanding but shrinking in size, coupled with the challenge to provide more functional homes for her citizens, the Lagos State Government may have to review her physical planning law. As a way to tackle the high rate of homelessness among Lagos residents, the State Government…
Residential property prices in mainstream housing markets in key cities across the world increased by 4.4% in 2015, led by the Chinese city of Shenzhen. More than 121 of the 165 cities tracked by the new index, based on official house price data, compiled by international real estate firm Knight…
Rental apartments are proving to be a sound investment in top global real estate markets, led by the United States but also strong in Germany, the latest analysis report suggests. Rental growth in the US accelerated to its highest pace in the first quarter of 2016 and all major markets…
The world’s ageing population will drive real estate transaction volumes to surpass $1 trillion globally by 2020, up from $700 billion in 2015, according to a new report. Institutions are also set to increase their market share, which currently sits at 20per cent, driven by the need to cater for…
Lagos State government has said that it would enter into partnership with Nigerian Mortgage Refinance Company (NMRC) to make housing affordable to its citizens. The Commissioner for Housing, Prince Gbolahan Lawal stated this during a meeting of the Ministry and its agencies with the management of the NMRC led by…
President, Nigerian Institution of Structural Engineers (NIStructE) Engr. OreOluwa Fadayomi has called on government to redirect its policies to address patronage, remunerations and easy access to funds for the development of engineer and the nation. Fadayomi, in his inaugural speech after his investiture as the 18th president of the Institution…
Overall the top city is New York, with Hong Kong in third place followed by Geneva and Macau. The rest of the top 10 are Copenhagen, Stockholm, Frankfurt, Paris and Singapore. Cost premiums in the top cities range from 40% to 60% in comparison with other European counterparts. Middle Eastern commercial centres meanwhile, remain around the…
Nearly   half of the total asset value resides in North America and over a quarter in   Europe while Asia and Australasia contain 22% of commercial asset value,   leaving just 5% for South America, the Middle East and Africa, according to   the latest report from international real…
Apparently buoyed by the growing apathy by commercial banks to fund projects and impact of on-going reforms by the government, a new report has predicted that developers will be more cautious in property development as the economy remains slow, and prepare for a changing landscape. The Lagos Housing Development Market…