The adverse economic conditions in Nigeria are exerting a negative impact on multiple sectors, including real estate. This impact has, in numerous ways, affected individuals, households, and businesses. Most affected are individuals and households living in rented accommodation who are now groaning...
Haulage cost, falling naira raise building material prices amid crisis
• Tougher times ahead of domestic builders The unending inflationary spike and absence of implementable policies to support the built industry, which is cautiously recovering from economic recession and the COVID-19...
Lagos State Government has lifted the suspension order on granting planning permits for land extension at Banana Island and Osborne Foreshore Schemes. The state’s Commissioner for Physical Planning and Urban Development, Dr. Idris Salako, who disclosed this in a statement,...
The country’s housing sector is not out of the woods yet, as the rising cost of building materials continues to impact rentals and the cost of delivering affordable housing for citizens. With Nigeria’s inflationary rate at over 19 per cent...
The DS Group Headquarters situated at NCR houses the corporate office, an R&D centre and state-of-art manufacturing facilities for Confectionery, Flavours & Fragrances and Edible Gold & Silver embellishments. It has been awarded Leadership in Energy and Environmental Design...
The Federal Government has urged the Nigerian Institute of Quantity Surveyors (NIQS) to embrace an integrated cost management system when undertaking construction projects of varying sizes and complexity. The government has also emphasized the importance of the institute staying abreast...
China Civil Engineering Construction Corporation (CCECC) has said it is devoted to improving the quality of Nigerians lives in various ways, especially through corporate social responsibility projects. The company said it will continue to stick to its aspiration in delivering...
The Chief of Staff to President Muhammadu Buhari, Ibrahim Gambari, has declared that the second Niger Bridge will be completed in October 2022. Mr Gambari disclosed this on Tuesday when he led Nigeria’s Minister of Works and Housing, Babajide Fashola, and his...
Nigeria’s leading mortgage bank, Cooperative Mortgage Bank (CMB), has announced its unwavering commitment to the provision of quality and affordable houses to cooperative societies which have low-income earners as members. The project, codenamed Group Save for Shelter, targets cooperative societies...
There’s a housing affordability crisis, not only in Payson but throughout the US. One of the reasons — increased labor and material costs. The cost increase has developed over time. According to research, by 2020 the per square foot cost to...
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