Krent Updates

The Managing Director of M&E Kaiser Limited, Jamila Faniyi has stated that getting affordable long-term financing in the construction and real estate sector is now a big challenge. She shared this concern during the Nairametrics Real Estate Industry Outlook Webinar on March 9, 2024. Jamila explained that the main hurdle in real estate and construction […]

A new Land Amendment bill aims to stop fake land sales and punish corrupt land sellers in Kenya. On Thursday, February 8th, the Kenyan Parliament approved the publication of the Lands Act, 2012 (Amendment) Bill. This bill will regulate firms that buy and sell land. It proposes that Land selling companies deposit an indemnity bond

Dr. Biodun Adedipe, the Chief Consultant of B. Adedipe Associates Limited (BAA), has advised the federal government to see the real estate sector as a key player in boosting the country’s economic growth.  He gave this advice during his keynote speech at the Nigerian British Chamber of Commerce’s Real Estate Outlook 2024 event, which focused

The decision by the Central Bank of Nigeria to raise interest rates has sparked concerns within the real estate sector, potentially impacting housing affordability and development significantly. Experts within the built industry have expressed apprehension over the Central Bank of Nigeria’s recent interest rate hike, foreseeing substantial challenges for the real estate market.  Notable figures

The Lagos State Building Control Agency insists that developers must secure a letter of authorization before beginning construction on any building in the state. Gbolahan Oki, the General Manager of the agency, emphasized this requirement during the presentation of authorization letters to developers of the Lagos Arena. Oki clarified that the letter of authorization can

The Lagos State Government (LASG) has said that the enforcement of the monthly rent policy earlier announced would commence before the end of 2024. The Governor of Lagos State Governor of Lagos State, Babajide Sanwo-Olu, had in 2021 said the current one year upfront rental payment system where tenants pay in advance to property owners

A group known as Global Centre for Empowerment and Care for Life Challenges has disclosed its readiness to provide 5,000 housing units in Rivers State to reduce the suffering of the masses. The group added that it would do this through the promotion of advocacy and creating beneficial interest for the general public towards housing

The Building Collapse Prevention Guild has expressed concern about the rising prices of building materials potentially leading to an increase in the use of substandard goods, worsening building collapses in the country. Sulaimon Yusuf, the National President of BCPG, shared these worries during the BCPG Lagos State chapter’s recent sensitization walks themed “Walking towards Zero

The Federal Ministry of Housing and Urban Development has revealed its intention to collaborate with the Nigerian Institution of Surveyors on geographical data. Minister of Housing and Urban Development, Ahmed Dangiwa. CREDIT: Housing Ministry In a statement signed by the ministry’s Director of Information, Badamasi Haiba, Housing Minister Ahmed Dangiwa highlighted this partnership during a