Industry News

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

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

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

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

Policy summersaults, dearth of funds, improper regulatory and compliance system for real estate developers have been listed as some of the reasons for Nigeria’s housing sector woe. According to the experts, these factors have led to huge housing deficit in the nation as over 65 per cent of Nigerians live in slums. Speaking on housing

By Bertram Nwannekanma With over 170 million people, Nigeria, the most populous country in black Africa is plagued with housing problem. This issue has been a thorn in the flesh of various governments as moves towards addressing the ugly phenomenon repeatedly failed. In 1991 for example, the Nigeria housing deficit was seven million. It increased

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