Recent data from the Lagos branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) indicates a substantial rise in prices, activity, and interest within the property market for land transactions in Lagos. Over the five years period, growth...
The December 2023 Consumer Price Index (CPI) rose slightly from the previous month, according to the latest figures from the U.S. Bureau of Labor Statistics, released January 11. The all-items index increased 3.4 percent over the past year before...
In a proactive move to address the impact of significant construction inflation in Nigeria, LandWey, a prominent figure in the real estate industry and the primary landlord across multiple sites from the second toll gate to Epe, unveils a...
Richard Imhoagene Nigeria is plagued with an overwhelming housing crisis, characterised by a deficit that experts estimate to be at about 28 million. While the figure may be contentious, the scope and magnitude of the housing deficit in the country...
Peniel Investment and Development LLC, a prominent real estate investment firm headquartered in the United States, has highlighted that Nigeria is presently facing an immense housing shortage of 28 million units, necessitating a substantial N21 trillion investment to address...
An Abuja-based firm, Messrs Pennek Court Estate has appealed to the Federal Government to provide tax rebate for developers, which will enable them to deliver affordable housing to vulnerable Nigerians. The Chief Executive Officer (CEO), Messrs Pennek Court Estate, Kennedy...
Despite economic headwinds and challenges with obtaining building permits, experts predict that the demand for housing will remain strong, and the market will see a steady increase in property values this year. There are also opportunities available for high-quality properties...
After nearly two years of hikes to the Bank of Canada’s benchmark interest rate, some forecasters are expecting the housing market correction will come to an end in 2024. But when that bottom hits, and how fiercely home sales and...
Housing prices and mortgage rates are both expected to decrease in 2024. But before would-be home sellers and homebuyers get too excited about what sounds promising on the heels of 2023’s very challenging housing market, the changes are expected...
In the quest to find sustainable solutions to long-term funding for the mortgage sub-sector, the Federal Government and Mortgage Banking Association (MBAN) have moved to take the bull by the horns by exploring alternative sources to finance affordable housing...
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