House design

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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THE AVERAGE SALARY OF A 2-BEDROOM RENTER IN THE CITY OF LAGOS

Affordable housing demand has continued to grow over the past few years across the real estate sector in Lagos and Nigeria as a whole due to a number of factors.

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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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Heavy rainfalls: Lagos set to demolish buildings on drainage alignments, warn owners to relocate

The Lagos State Government has announced that many buildings that have infringed on drainage alignments in Mende, Maryland and Aboru in Alimosho, may soon be demolished.

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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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EFCC says landlords letting houses to internet fraudsters risk 15 years in jail

Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC) has said that any landlord or landlady that let his or her house to internet fraudsters popularly known as Yahoo boys, will henceforth face prosecution

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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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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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