Real Estate

There are concerns that despite the nation’s construction and real estate sectors contributing N20 trillion to the Gross Domestic Product (GDP), many Nigerians are unable to own homes and rent property in major cities in the country. The scenario is not a surprise to the operatives as Nigerians have long been complaining about the skyrocketing

Following persisting unfavourable policies and liquidity crisis affecting the economy, the heat on the nation’s real estate is intensifying, especially in the residential market. Despite increased demand for residential property, there’s still a shortage of available homes, making some properties popular and competitive for interested buyers. As the overall economy struggles, mortgage rates and the

Eventually, waking up to the realities of exposure to unsafe drinking water, inadequate sanitation and poor hygiene in the continent, African Ministers’ Council on Water (AMCOW) gathered for its 13th Ordinary Session of the Executive Committee (EXCO), recently. After the meeting, the council emerged with 17-point action plan upon which the hopes of better living

Summary: It’s a mixed bag of fortunes across different markets Zambia’s currency is currently featuring as the world’s best performing currency and among Africa’s most powerful currencies. This follows renewed optimism into the country due to the new administration that has seen the country post impressive results from its currency featuring as one of the

The Lagos short let market has grown by 263% over the past 3 years. This growth was mainly underpinned by rising demand for both long stay and short stay apartments in the wake of the pandemic according to the Lagos Short let Report by Pan-African real estate data company, Estate Intel. Ikoyi, Victoria Island, Lekki

The first half of 2022 saw a period of increased real estate market activity with the sector building on the 2021 economic growth momentum. The International Monetary Fund noted that Nigeria’s economic recovery continued to strengthen against the backdrop of the agriculture and services sector with GDP growth reaching 3.6 per cent (y/y) in Q1 2022.

Following the President Muhammadu Buhari’s signing into law the Money Laundering (Prevention & Prohibition) Bill, 2022, property brokers, estate surveyor and valuers, appraisers and other practitioners have been charged to imbibe the tenets of the law and halt illegal cash flow through the real estate industry. Specifically, they were urged to ensure due diligence on

Rising inflation in Nigeria coupled with growing demand have pushed up rent for 2-bedroom apartments by 200 percent in the last five years, Bismarck Rewane, CEO, Financial Derivatives Company, has said. Within the same period, Rewane, who spoke at the monthly Lagos Business School Breakfast Session for May, noted that official inflation has increased by

Professionals have said that the Finance Act 2022 is a blessing in disguise for the real estate industry, as it will provide leeway for real estate investors to explore relevant incentives and reduce tax burdens to grow their investments. The President Muhammadu Buhari assented to the 2021 Finance Bill, thereby introducing the 2021 Finance Act,