Building materials
HOW RISING COSTS IS TURNING SHORT-LET APARTMENTS LANDLORDS TO TENANTS
Increasingly, suppliers or landlords of short-let apartments in the Nigerian real estate sector are turning into tenants over operational costs as reflected in the soaring price of diesel and high exchange rates.
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Senator urges FG to introduce property tax on unoccupied buildings in Abuja
In a bid to reduce the nation’s capital housing deficit and boost revenue for the FCTA, the Federal Government should introduce property taxes for unoccupied buildings in the Federal Capital Territory (FCT).
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To rent or to buy: 3 reasons renting can be a better choice irrespective of financial capacity
In most parts of the world, there is so much prestige attached to owning a home. In a research publication by NOI Polls in 2013, 85% of Nigerians who were surveyed, indicated that they would like to own their own personal houses if they had access to a mortgage
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FG solicits $400 million investment from the private sector to complete the millennium tower in Abuja
The Federal Government of Nigeria has appealed to the private sector investors to invest $400 million required to complete the Millennium Tower and Cultural Centre (MTCC) in Abuja.
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Residential real estate in Oluyole; Ibadan’s industrial hub
is a renowned middle-income neighbourhood located in Ibadan, Nigeria. The area is bordered by Apata in the North, Elebu in the South West, Challenge in the South East, and Iyangaku in the East.
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Is Real Estate a good hedge towards inflation in Africa’s real estate?
This was the running poll during our research meeting this week. Amidst an array of yes and nos, the team unanimously agreed that the answer was not so straightforward.
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FCTA to recover N29 billion ground rent debts from property owners in Abuja
The Federal Capital Territory Administration (FCTA), has kicked off steps to recover outstanding ground rents of N29 billion owed to the administration by property owners in Abuja.
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RISING COSTS SHIFTS INVESTMENT INTEREST TO LOW-INCOME HOUSING MARKET
Investor and buyer-interest in Nigeria’s housing market is, increasingly, shifting from high-income to low-come segment of the market in response to rising costs in the country, Bismarck Rewane, CEO, Financial Derivatives Company, has said.
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Surveyors want FG to liberalise use of drones for practitioners
To monitor activities in the forests and flood in the country, surveyors under the aegis of Association of Private Practicing Surveyors of Nigeria (APPSN), have asked the Federal Government to liberalise the use of drones for their members.
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