Real estate investment should go beyond homeownership – Howells
Maureen Ihua-Maduenyi There is more to investing in the real estate industry than just owning houses, the Managing Director, Beyond Building Investment Limited, Lanre Howells, has said. According to him, to create wealth out of a real estate investment, it should be seen as more than just putting a roof over one’s head, but a
- Published in Nigeria’s real estate
Why homeownership level in Nigeria remains low at less than 5%
Despite efforts by both the government and private sector operators at giving more Nigerians homes to live in and, by so doing, narrow the supply deficit, homeownership level in the country remains low at less than 5 percent. This level becomes very disturbing when compared with what obtains in other countries of the world. Analysts
- Published in Nigeria’s real estate
Ahead 2019 election, property developers slow down on construction activities
Chief Executive Officer of Propertygate Development and Investment Plc, Mr Adetokunbo Ajayi. Amid growing concerns over the 2019 general elections and its economic impact, developers in Nigeria’s real estate sector are slowing down constructions and apprehensive of new business deals. Although, the Nigerian real estate market has been less influenced by political-spending but more by
- Published in Nigeria’s real estate
Why Ikoyi apartments are empty – Developer
By Kingsley AdegboyeIf you think the reason for the visible empty residential apartments that cut across the length and breadth of Ikoyi, a highbrow neighbourhood and one of the most expensive residential areas in Lagos, is due to effect of the current economic crunch in the country, it is not. Rather, the cause of the
- Published in Nigeria’s real estate