A recent report by Estate Intel has highlighted the state of Foreign Direct Investment (FDIs) in the real estate sectors of various African countries. The report points out that Nigeria is trailing behind Botswana and Morocco in attracting FDIs due to factors such as high inflation, a weakened naira, and expensive production costs. In […]
Amidst Inflation: Here Is Why Nigerian FDI Trails Botswana Read More »
The recent surge in “kidnapping, banditry, and herdsmen’s attacks” across various parts of the nation has hampered private sector involvement in “house delivery” and the provision of professional services in the real estate sector. Amidst macroeconomic challenges, there are growing concerns among stakeholders that insecurity could exacerbate the housing deficit and impede investments in real
Surge in kidnapping and terror attacks poses big threat to Real Estate Sector Read More »
It’s acknowledged that real estate can be complex, demanding a deep understanding of its nuances and evolving trends for informed investment decisions. Experts have pinpointed five major trends expected to significantly impact the real estate sector throughout 2024. They emphasize that comprehending and adapting to these trends will assist investors and home buyers in navigating
5 important real estate sector trends to look out for in 2024 Read More »
Real estate marketing group, Peak Performer Business Network, is encouraging young people to consider real estate marketing to overcome financial challenges. Tomiwa Ogunremi, the business coach, shared this message during the network’s third-anniversary event in Lagos. Ogunremi emphasized the group’s vision to contribute positively to Nigeria’s economy by reducing unemployment through training and mentoring, fostering
Urgent Call: Youths Urged to Pursue Real Estate Marketing for Financial Freedom Read More »
On Sunday, January 21st, a fierce fire destroyed the well-known 10-story Mandilas Building on Broad Street, Lagos Island, causing losses of over N10 billion. The incident happened around 1:15 p.m. when businesses were closed. The fire originated in a warehouse on the first floor and spread to other levels. In a recent interview, Agu Versace,
Mandilas Fire Leaves Shop Owner Devastated, Blames Landlord Read More »
Real estate specialists recommend methods to strengthen Africa’s real estate market. They argue that impediments to cross-border transactions and collaboration among real estate experts should be eliminated. These experts emphasise the need to make mortgage rates accessible and reasonable across the continent. The Nigerian Institution of Estate Surveyors and Valuers (NIESV) organised a Pan-African Real
Practitioners seek removal of impediments to Africa’s real estate Read More »
The real estate and construction sectors have witnessed an increase in bank borrowings, but this has not resulted in additional housing stocks due to inflation and currency rate volatility. Experts warn of a possible disaster as developers struggle to repay debts. Inflation and exchange rate difficulties are harming industries, increasing the cost of imported supplies
Price Panic: Real Estate Hit as Rates, Inflation Skyrocket Read More »
According to a recent report, the cement sector is predicted to improve in 2024 as a result of the Presidency’s increase in infrastructure budget to N1.32 trillion and the establishment of the Infrastructure Support Fund (ISF). The Federal Government’s emphasis on building concrete roads across the country may hike cement costs to N9,000 per 50-kilogram
Cement Sector to Bounce Back, Prices on the Rise Read More »
The Nigerian Conservation Foundation (NCF) has criticised the Oyo State government’s proposal to clear Agodi Phase 2 of the Ogunpa Forest Reserve for an estate. The NCF’s director general, Joseph Onoja, expressed his concern at the foundation’s annual general meeting in Lagos, emphasising the necessity of raising awareness to protect Nigeria’s rich wildlife. Onoja emphasised
Environmental Group Decries Estate Construction On Forest Reserve in Oyo Read More »
Lagos Housing Estate The Take-It-Back Movement (TIB), a civil society group, is expressing concern about the high rents affecting households’ incomes nationwide. In a peaceful protest in Lagos, particularly focusing on Lagos Island, the group criticized the unaffordable housing costs for the general population. Due to high inflation, the prices of essential building materials have
Group protests high rent in cities, seeks relief for residents Read More »