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Rapid Urbanization and Urban Development: Implications for Housing in Lagos State.
- May 5, 2023
- Posted by: admin
- Category: Uncategorized
No CommentsRapid Urbanization and Urban Development: Implications for Housing in Lagos State. Urbanization has been a key force of economic development throughout Nigeria and the world. Rural-urban migration provides access to employment and business opportunities, good healthcare, education, communication, transportation, and security. Globally, 55.3% of the world’s 4.2 billion people lived in urban areas in 2018.
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CBN’s new monetary rate to increase cost of housing, home financing
- June 24, 2022
- Posted by: admin
- Category: Uncategorized
Ripple effects from the Central Bank of Nigeria’s increase of the Monetary Policy Rate (MPR) is expected to affect cost of living, which will impact on property prices and home financing. The apex bank recently raised the benchmark interest rate by 150 basis points from 11.5 per cent to 13 per cent. MPR is the
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FG to build one million homes, pushes for 8.38% real estate GDP growth
- December 31, 2021
- Posted by: admin
- Category: Uncategorized
Reintroduces site, services scheme with 50,000 plots in each state • Targets N3.53trn public investment in five years With an estimated 1.6 billion people (one third of the world’s urban population) expected to face affordable housing challenge by 2025, the Federal Government has launched a five-year National Development Plan (NDP) medium-term blueprint designed to unlock
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Real estate guide for flood-prone areas as rain humbles Lagos
- July 23, 2021
- Posted by: admin
- Category: Uncategorized
Real estate guide for flood-prone areas as rain humbles Lagos Residents and real estate investors in Lagos are still counting losses following the heavy downpour and the accompanying flooding that submerged communities and sacked many homes in the city last weekend. As a coastal city, Lagos has many flood-prone and low-lying areas, lending it easily
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Demand for residential, industrial segments to drive real estate growth
- June 11, 2021
- Posted by: admin
- Category: Uncategorized
The opportunities created amid the COVID-19 pandemic has raised optimism that the residential, construction, and industrial segments of real estate market are to drive the sector’s growth, while yielding good returns for developers, investors and landlords, according to Nigeria Real Estate Report 2021. The report by Ubosi Eleh and Company, said the demand for residential
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Ten major issues affecting Real Estate Industry in Nigeria
- February 19, 2021
- Posted by: admin
- Category: Uncategorized
In the real estate industry, Nigeria is experiencing rapid urbanization, with an estimated annual national population growth rate of just over 2% and an annual urban population growth rate of about 4%. The population is becoming more and more focused to the urban areas, towns and cities with just under 50% of the population living in
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Housing deficit may increase to 25m by end of 2021
- February 12, 2021
- Posted by: admin
- Category: Uncategorized
If concerted efforts are not urgently put in place to address Nigeria’s housing deficit, which has continued to increase astronomically, it may grow to 25 million by the end of this year. This was revealed by the chairman, organising committee of the Real Estate & Construction Expo tagged ‘RECON Expo 2021’, Dr. Somadina Anene, at
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Mediation can resolve real estate disputes faster, say experts
- January 29, 2021
- Posted by: admin
- Category: Uncategorized
Worried that real estate transactions and investment in Nigeria worth over N7 trillion are in dispute, operators have canvassed the use of mediation as alternative dispute resolution mechanism in the sector. Findings show that there are over 20,000 civil and commercial disputes relating to real estate in Lagos State on yearly basis while many
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Why Smarter Homes are the Future
- January 8, 2021
- Posted by: admin
- Category: Uncategorized
Technology has a vast influence on the way things are being done and humans have been constantly adapting to it. The ‘Internet of Things’ or IoT has been making waves and it does come with quite a lot of jargon. It connects machine to machine through networks. To put it in simple terms IoT is
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Estate surveyors seek review of policies, laws to aid housing
- October 24, 2020
- Posted by: admin
- Category: Uncategorized
Meets Lagos Assembly on funding, land allocation Fresh concerns loomed large in the housing industry last week as estate surveyors called on policymakers and government to refocus the economy, review policies and laws inimical to housing development. The body reiterated its demand for review, outright abrogation and replacement of the Land Use Act (LUA), saying
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