Real estate funds grow AUM to N45b in April
Even though the real estate funds (REFs) has the least investment options among the listed asset classes on the Security and Exchange Commission (SEC), it has been able to grow…
Property Personnel Exec Gives Statement on Real Estate and Brexit
The founder of the UK’s longest-established estate agency recruitment consultancy says that uncertainty over the future direction of Brexit is causing more problems for employers than the event itself. His…
Alternative Co-Living Arrangements Gain Popularity in Urban Asia Pacific Cities
Convenience to key Urban centers and cost efficiencies driving co-living trend According to JLL's recently released Co-living in Costly Cities - Asia Pacific report, the co-living market is taking off…
Architects to address Lagos urban regeneration plans
There is a need for Lagos to keep renewing its systems and processes as West Africa’s economic capital, architects have said. The Nigerian Institute of Architects stated that the…
Property Investments Show Investors’ Confidence in Nigeria – Minister
The rise in property investments across the country is an expression of confidence by investors in Nigeria, the Minister of Industry, Trade and Investment, Okechukwu Enelamah, has said. Enelamah, who…
China Takes Steps to Encourage 100 million Rural Citizens to Move to Cities
China’s latest step to encourage 100 million rural citizens to move to cities may provide a timely boost to a slowing property market. Cities with an urban population of between…
Facebook Charged by HUD for Housing Discrimination Ad Practices
Facebook was charged today by the U.S. Department of Housing and Urban Development (HUD) for violating the Fair Housing Act by encouraging, enabling, and causing housing discrimination through the company's…
Minister tasks estate surveyors on accurate housing data
To address the inappropriate figures in the housing industry, the Minister of Power, Works and Housing, Babatunde Fashola, has urged members of the Nigeria Institution of Estate Surveyors and Valuers…
London is top city for commercial real estate investment in the world
London London is still the world’s top destination for investment in commercial real estate despite ongoing uncertainty about Brexit, well above both Manhattan and Paris, the next two biggest markets,…
Global Affordable Housing Gap Reaches $740 Billion
A global property consultancy firm, Knight Frank, has released its inaugural Urban Futures report, which revealed that the affordable housing gap reached some $740 billion globally in 2018 with…
Discordant tunes over N30.94b housing budget proposal
After over 58 years of Nigeria’s independence, the housing delivery system remains unpleasant due to several factors and challenges. However, experts say poor budgeting and implementation remain clogs in the…
Shortage of sand may affect global construction industry – A.T Kearney
A new report says the shortage of sand may likely affect the pace of activities in the global construction industry this year. The report noted that urbanization and infrastructure development…
Lagos, others may be submerged by 2050
The Nigerian Conservation Foundation (NCF) yesterday said Lagos and other coastal cities globally that are less than one metre above sea level could be submerged by 2050 if the surge…
FMBN adopts rent-to-own housing scheme for NHF contributors
One of the scheme built by Almukab Dynamics in Kano Pilot phase targets 3,000 homes nationwide In a renewed effort to make homeownership more accessible and affordable for Nigerian workers,…
FG approves 0% equity for housing loans lower than N5m
The Federal Mortgage Bank of Nigeria (FMBN), has commenced the implementation of the new approved conditions for accessing loans from the National Housing Fund (NHF).This includes zero equity contribution for…
Nigeria, Kenya lead peers in real estate data, transparency
Nigeria and Kenya led other Africa markets in real estate data and transparency, according to a survey conducted by Jones Lang LaSalle, (JLLs), an American professional services and investment management company specializing in real estate,…
Reasons why Abandoned Projects Litter Nigerian Cities
While Nigeria is grappling with the ‘headache’ of huge housing deficit, fresh facts have emerged as to the reason the deficit has continued to increase. Specifically, hundreds of housing…
FG performing below expectations in the housing sector
The Nigerian Institute of Estate Surveyors and Valuers (NIESV) has expressed concerns over the passage of national budgets without implementation on the housing sector, stressing that there is so much…
Better performance expected in real estate sector in 2018 – Propertygate Plc
Going by the improvement in the nation’s economy and the positive projections for 2018, the real estate sector is expected to ride on the back of these and other strides…
London property market in coma
After years of blockbuster growth, home prices have reversed course and are expected to drop further over the next year. The number of sales has dropped, and more homeowners are pulling properties…