Amid the economic challenges confronting Nigeria and the resultant effect on the real estate sector, Real Estate Practitioners have identified ways by which developers can build trust and confidence in investors so they can continue to invest in the...
The Nigerian real estate sector has reportedly recorded some setbacks in the year 2023 no thanks to the high inflation and the ensuing high input cost. This outcome conflicts with experts' predictions that 2023 would see sustained growth in...
Housing experts have emphasised the need for bricklayers to embrace modern technologies, improve quality of constructions and guarantee quality assurance. Speaking at the 2023 edition of the Lagos State Bricklayers Association (LSBA) yearly general meeting (AGM) themed: “Traditional Masonry Techniques...
The Federal Government, through the Ministry of Housing and Urban Development, has proposed N4.1bn in the 2024 budget for upgrading slums in 24 locations across 18 states. Through the project, the government will provide the selected slums with water supply,...
To address the severe housing crisis in Nigeria and inadequacy of budgetary allocations, the Federal Government has entered into partnership with a consortium of private developers for the delivery of 100,000 housing units in 36 states and Federal Capital...
Stakeholders in the housing sector have called on the Lagos State Governor, Babajide Sanwo-Olu, to expedite the implementation of its new housing policy, to support and sustain the development of mixed-income housing projects. The stakeholders made the call at the...
Three persons – a 12-year-old girl, a woman and a man – have lost their lives to a building collapse along Herbert Macaulay Way, Ebute Metta, Lagos. It was learnt that the incident occurred around 9.30am on Friday. The woman was said...
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...
A two-storey building with a penthouse has collapsed in the Ebute Metta area of Lagos. The building located along Herbert Macaulay Way in Ebute Metta collapsed around 9.30 am on Friday, December 22, 2023. Three persons are suspected to be trapped...
We’re getting a lot of housing market data this week. Yesterday, we learned that housing construction surged in November. Today, we learned that the number of existing homes sold in November rose, too. But the big question about the housing market...
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