Property Real Estate and Environment

EARB will regulate activities of estate agents- Stakeholders

Ihesiulo Grace 15 September 2017 0

In a bid to regulate the activities of unlicensed people operating as estate agents who go about duping unsuspecting members of the public, experts in the real estate sector have called for the establishment of an Estate Agents Registration Board (EARB). Leading the call at the first edition of

Property Real Estate and Environment

Sterling Bank gets recognition over support for real estate

Ihesiulo Grace 15 September 2017 0

Sterling Bank Plc at the 12th edition of the Abuja Housing Awards held in the Federal Capital Territory (FCT), Abuja, has bagged the Housing Friendly Commercial Bank of the Year Award for its remarkable impact on housing delivery in Nigeria’s housing sector. Receiving the award on behalf of the bank, Sterling Bank’s Non-Interest Banking (NIB) […]

News Property Real Estate and Environment

Plans Are Being Made To Legalise Monthly Rent Payment

Ihesiulo Grace 4 September 2017 0

Fashola’s argument is that the rent payment of up to a year in advance fuels inflation. He also believes it is unfair to ask a man to pay for a service not yet rendered Soon, your landlord will not be able to demand more than a month’s rent from you. Minister of Power, Works and […]

News Property Real Estate and Environment

FG Begins Mass Housing Constructions In 33 States

Ihesiulo Grace 25 August 2017 0

The Federal Government on Thursday announced that it had commenced the construction of mass housing projects in 33 states across the country. It also called for an upward review of up to 50 per cent as mobilisation funds for contractors, especially emerging contractors operating in the built environment , in order to enable them to […]

Property Real Estate and Environment

Financial Sector loans to housing industry remain low-NIA

Ihesiulo Grace 18 August 2017 0

The Nigerian Institute of Architects (NIA) has indicated that the volume of financial packages in the forms of loans and mortgage finances, which Nigerian banks traditionally provide to the country’s housing industry remain very low. This, the association posited is not enough to pick up the country from its descent into an economic recession According […]

Property Real Estate and Environment

Architects move to amend ARCON Act

Ihesiulo Grace 18 August 2017 0

In a bid to end the inherent infractions in the architecture practice, members of the Nigerian Institute of Architects (NIA) have proposed that the Architects Registration Council of Nigeria (ARCON) Act be amended. The association reached this decision at the end of its Emergency General Meeting (EGM) held at Ibadan, Oyo State. The association agreed […]

Property Real Estate and Environment

Real estate tips

Ihesiulo Grace 18 August 2017 0

Resolving conflicts in tenement homes With a population of over 21 million people, Lagos metropolis – the largest city in Nigeria, has the highest number of tenement buildings popularly called ‘face-me-I-face-you’ apartment units in the country. Hence, the case of conflict amongst occupants of a typical tenement building is worse in Lagos State because, it […]

Property Real Estate and Environment

Housing Deficit: Stakeholders canvass partnership with co-operatives

Ihesiulo Grace 10 August 2017 0

Stakeholders in the real estate sector have called for the involvement of co-operative society in bridging the huge housing deficit in Nigeria. This participation, the stakeholders believe, will bridge the continued shortage of affordable housing in the country, which has remained a sore point for experts and other stakeholders in the built environment. Managing Director,

Property Real Estate and Environment

Things to know about Real Estate Investment Trust

Ihesiulo Grace 10 August 2017 0

Real Estate Investment Trust (REIT) is an organization that engages in financing and investing in real estate directly, either through mortgages or properties thus generating a high level of income, diversification and long-term capital appreciation for investors. This article educates us on the function of REITs. REITs are modeled after mutual funds in terms of […]

Property Real Estate and Environment

NRMC, AMDC partner on housing finance, training

Ihesiulo Grace 10 August 2017 0

In a bid at providing affordable housing to all Nigerians, the Nigeria Mortgage Refinance Company (NMRC) and Alpha Mead Development Company (AMDC), a subsidiary of Alpha Mead Group have signed a Memorandum of Understanding (MoU) to provide housing finance, training, research, advisory and project structuring to increase the stock of affordable housing in the country. […]

Real Estate and Environment

Real Estate: Mixta urges firms to be creative, inward-looking

Ihesiulo Grace 29 June 2017 0

The fact that most real estate developers are avoiding affordable housing and property market segment due to its peculiar challenges, has prompted a real estate firm, Mixta Nigeria, to urge stakeholders to look toward the segment with the aim of unlocking the potential therein. This strategy, according to according to Mr. Kola Ashiru-Balogun, who is […]

Real Estate and Environment

What you need to know about mortgage

Ihesiulo Grace 29 June 2017 0

A mortgage is a legal agreement or document through which a bank, building society, among others (creditor) lends money to the buyer of a property (debtor) at interest in exchange for taking title of the debtor’s property, with the condition that the transference of title becomes annulled upon the payment of the debt. It can […]

Property Real Estate and Environment

Reduce Your Rents, Landlords -FG

Ihesiulo Grace 31 May 2017 0

The Federal Government on Tuesday charged property developers to reduce their rents and the value of properties in consideration of the economic hardship across the country. According to the government, the values of properties and rents in other nations of the world are falling as a result of the global economic slowdown being experienced. Speaking […]

Metro Property Real Estate and Environment

Another Two-storey Building Collapses In Lagos

Ihesiulo Grace 21 May 2017 0

A two-storey building collapsed on Saturday at Ebute Meta area of Lagos, Southwest Nigeria. This is coming barely three days in which a 3-storey building collapsed at Ilasamaja area of the state. The building, located at Cole Street, Ebute Meta was under renovation when it collapsed during the heavy downpour of Saturday. A woman was […]

Real Estate and Environment

NIA, NMRC declare support for FISH

Ihesiulo Grace 5 May 2017 0

The Nigerian Institute of Architects, NIA and The Nigerian Mortgage Refinance Company, NMRC have both pledged their support for the Federal Integrated Staff Housing programme (FISH), put in place to address the housing deficit of civil servants in the country. The President, NIA, Tonye Braide promised that the institute would participate in the FISH programme […]

Real Estate and Environment

NIOB wants stakeholders to uphold professionalism

Ihesiulo Grace 14 April 2017 0

Rising from a two-day workshop on Mandatory Continuous Professional Development Programme organized by Nigerian Institute of Building (NIOB), stakeholders in the real estate sector have tasked practitioners to ensure that the quality of service delivered by professionals in the building environment is top-notch. According to a communiqué of the programme titled: “Site

Real Estate and Environment

Buying vs Building: Advantages of buying a house

Ihesiulo Grace 14 April 2017 0

The thought of buying a land and erecting your own building to your own taste sounds appealing, but, looking at the process involved, isn’t buying an entire house anew without going through all the preambles better? Here are some of the reasons why experts believe that buying offers better alternatives than building. A freshly bought […]

Real Estate and Environment

Stakeholder warns on threat of online real estate platforms

Ihesiulo Grace 14 April 2017 0

With the influx of credible real estate online platforms like Jumia House, Property.ng, Tolet.ng, Private Property and a host of others, a stakeholder in the industry, Chudi Ubosi, has warned that technology is a “big threat” and a “real cause for concern” with property agents in Nigeria as fraudsters may take advantage of unsuspecting members […]

Business Real Estate and Environment

Real Estate Tips

Ihesiulo Grace 23 January 2017 0

(Continued from last week) Having paid your government fee, site inspection can now be carried out. It is after site inspection, all documents such as tax clearance certificate, title document, receipt of tenement rate paid to the government in respect of rate-able properties owned by the applicant in Lagos State or sworn affidavit in lieu […]

News Real Estate and Environment

Recession: Vacant apartments litter upscale Lagos

Ihesiulo Grace 23 January 2017 0

Investigations by Daily Times reveal an increasing glut of vacant apartments in upscale areas like Ikoyi, Lekki, Omole Phase 1 and 2, and other high brow areas. This is even as the Financial Derivatives Company Limited recently stated that “the number of vacant properties in the upper class real estate neighborhoods of Lekki, Victoria Island […]