The Social Housing and Mortgage Finance Fund revealed that banks’ contributions amounted to about $2.47bln to about 428,150 customers within the initiative, accounting for about 95.4% of the total funding Egypt - Banks and finance companies’ contributions to the Central...
The new neighbourhoods will be developed on a partnership contract system with real estate developers To provide more houses to citizens and stimulate the real estate sector, the Ministry of Housing and Urban Planning offered five sites for private investments...
The International Finance Corporation (IFC) has highlighted the significant impact of the world's population growth on the escalating demand for housing worldwide. Addressing the 17th Africa International Housing Show in Abuja, Godfrey Tapela, a Senior Investment Officer at IFC,...
"Construction stops, mortgage stops. Deliver homes and get repaid!" That was one of the chants disgruntled apartment buyers in China used at a protest in June. But their ire over unfinished homes didn't stop at signs and chants. Hundreds of them...
The International Monetary Fund (IMF) estimated the volume of capital that has left emerging markets, including Nigeria, following the ongoing interest rate cycle at $50 billion. It linked the flight, which it described as a slower version of the March...
Industrial and Commercial Bank of China Ltd (ICBC) said on Tuesday frozen property projects involved 637 million yuan of non-performing mortgage loans at the end of June. The comments were made in a post-earnings press conference by Vice President Wang...
Plans are underway for the construction of 600 houses in Windhoek. This was revealed by Tuafi Shafombabi, a spokesperson for the National Housing Enterprise (NHE). According to Shafombabi, the cost of the houses would be about N$250 million. NHE has...
Authorities in Russia’s Ural and southwestern Siberian regions have issued urgent evacuation orders as water levels in rivers continue to rise swiftly, leading to widespread flooding, power outages, and displacement of residents.
According to Russia’s emergency ministry, more than 300...
Kuwait has implemented an employment policy called “Kuwaitisation” which will enable 1,211 jobs in the country’s oil sector to be filled by Kuwaitis this year and not foreign nationals as the country seeks to provide more jobs to its...
The United States will need to add 4.3 million new apartments by 2025 to tackle challenges around affordability, demand, and deficit, a new study has found. The research by the National Multifamily Housing Council and National Apartment Association suggests that...
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