Real Estate News

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.   Factors like high inflation, currency devaluation, and the removal of petrol subsidies have driven up the prices of

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

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

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