The Lagos State Government has begun auditing buildings to ensure they adhere to the state’s development plan. Kehinde Osinaike, the General Manager of the Lagos State Physical Planning Permit Authority, revealed this during a recent meeting with real estate developers in Lagos. Osinaike expressed concern about the unauthorized change of building use in various parts […]
Lagos Clamps Down on The Unauthorized Use Of Buildings Read More »
The federal government of Nigeria has emphasized the critical role of land recovery in its efforts to combat climate change, particularly focusing on the urgent need to reclaim land lost to desertification, notably in the Northern region. The federal government of Nigeria has emphasized the critical role of land recovery in its efforts to combat
Nigeria Prioritizes Land Restoration Amid Climate Crisis Read More »
The Lagos State government announced that it’s inviting feedback on the updated Alimosho Model City Plan from the public. Mukaila Sanusi, who works in the state ministry of physical planning and urban development, mentioned that residents of Alimosho and the wider public can give their input to finalize the plan. Starting from February 19 to
Your Community, Your Input: Alimosho City Plan is Now Open for Public Review Read More »
Home seekers are struggling as landlords increase rents due to rising construction costs, exacerbated by Nigeria’s challenging economic conditions. In the past year, tenants, especially in city suburbs, have faced rent hikes of over 40 percent. Â Factors like high inflation, currency devaluation, and the removal of petrol subsidies have driven up the prices of
Rising Rents Crush Hope for Affordable Housing in Nigeria Read More »
The Minister of Works, David Umahi, says it will cost N146bn to fix Marina shorelines. He revealed this during a tour to check the Third Mainland, Carter, and Eko Bridges with Wale Edu, Minister of Finance and the Economy. Umahi is concerned about the damage to Marina shorelines, which may jeopardise the Lagos Blue Rail
FG Seeks Massive N146bn Fund for Marina Shoreline Recovery Read More »
The Nigerian Institution of Estate Surveyors and Valuers urged its members to value properties ethically and avoid dishonest practices. Johnbull Amayaevbo, the President/Chairman, emphasized this during a recent event in Abuja. The occasion marked the 30th John Wood Ekpenyong Memorial Lecture and the 2024 induction of fellows. The theme was “The Role of the Real
NIESV calls for integrity among its members Read More »
Nigeria, despite not facing armed conflict like some countries, has the highest homelessness rate in Africa. Around 24.4 million Nigerians lack a place to call home. Egypt follows with an estimated 12 million homeless people. Â Homelessness is a global issue, Africa included. While some regions face displacement due to conflicts, in Nigeria, urbanization and
Why Nigeria leads African countries where homelessness is highest Read More »
The Association of Estate Agents in Nigeria (AEAN) has teamed up with American realtors from the National Association of Realtors in the United States of America (NAR) to boost real estate investment and enhance Nigeria’s global presence. Their collaboration has led to plans for a conference in Lagos from April 9 – 12, 2024. Adeniyi
Partnership with NAR Signals New Era for Nigerian Real Estate 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 »