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Tag: nigeria

Crowdfunding-for-the-Real-Estate-Sector-A-Viable-Option

LCCI inaugurates new group, tasks stakeholders on standardisation

“To further address concerns in the real estate sub-sector, the Lagos Chamber of Commerce and Industry (LCCI) has inaugurated a new group for the sector, even as it tasked the stakeholders on the need to embrace best global practices for sustainable growth.”- The Guardian According to the chamber, while there are prospects in the real […]

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The Effect of Environmental Factors on Property Value

Environmental factors are largely responsible for property value. Man’s attitude towards the surrounding environment is not neutral because human beings search for locations that deliver a high quality of life. Those expectations particularly concern man’s daily surroundings, including residential areas or recreational grounds. The focus of this article is to analyse how environmental factors affect […]

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NIOB links building collapse to unrealistic projected time frames

AGAIN, the Nigerian Institute of Builders (NIOB) has reiterated the need for quick passage of National Building Code, by the National Assembly. The institute also attributed most of building collapse cases to what it called “unrealistic and sometimes, unprofessional projected time frame.” These were part of the resolutions arrived at during the 2017 edition of […]

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FMBN, REDAN, Shelter Afrique reach $2bn to tackle housing deficit in Nigeria

In the face of a housing deficit that numbers millions of units, Nigeria is working to increase home ownership by improving access to credit and reducing development costs for low-income housing. To address this problem, the FMBN signed a memorandum of understanding (MoU) in January with the Real Estate Developers Association of Nigeria (REDAN) and […]

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Taming monster of Lagos traffic: Overhead bridges, lay-bys to the rescue

Commuting from Victoria Island to Ajah, enroute Epe has been a nightmare for a long time. A journey of about one hour from CMS in Lagos Island to Epe, in the late 90s to the end of year 2010, suddenly became the proverbial Israelites’ journey. The continuous physical development along the Lekki Corridor, is mainly […]

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Oyo-Ita to Speak on Affordable Housing at IUHF Congress in Washington DC

“The 30th World Congress of International Union for Housing Finance holding in Washington DC on June 25-27 2017 will discuss opportunities and risks of investing in mortgage debt, including cross-border investments, funding alternatives to international finances capital, and tackling housing affordability challenge. There will be high-level sessions with eminent plenary speakers drawn from different countries […]

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Lagos Rent-to-Own: 500 subscribers allocated housing units in three months

“As part of efforts of the Lagos state government to bridge the housing gap in the state with its Rent-to-Own initiative through which the state allocates a minimum of 200 housing units to its citizenry on monthly basis, a total of 500 housing units have so far been allocated in an exercise that commenced two and […]

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Lagos to inject N200b into Ilubirin housing estate

The Nation reports that the Lagos State government has said it will inject about N200 billion ($500 million) into Ilubirin Housing Estate’s new model plan. Commissioner for Housing, Mr. Gbolahan Lawal, addressed reporters yesterday on government’s plan to further develop the estate. He said the government was putting massive infrastructure in the project for residential and […]

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Adeosun meets int’l financiers over affordable housing

“Hopes of affordable housing brightened at the weekend as the Minister of Finance, Mrs Kemi Adeosun met with international finance Institutions at the World Bank Spring Meetings to fine-tune arrangements on how Nigerians can enjoy affordable housing.”- The Sun Speaking at a forum, Adeosun said: “Delivering affordable housing is critical to the delivery of our […]

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Surveyors to adopt professional indemnity insurance policy

The Guardian reports that fresh policy changes may be in the offing in few months time that would pave way for the return of professional indemnity insurance (PII) policy in the estate surveying and valuation field. The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) is driving the new initiative that acts as a […]

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