The world was already experiencing an acute housing shortage, both in the rental and sales markets , prior to the pandemic. COVID-19 accelerated the dearth of available housing as supply chain challenges collided with a rush of buyers looking...
The Federal Government said on Thursday that it has so far completed 2,465 housing units across the country under the National Housing Programme.
The acting Permanent Secretary, Federal Ministry of Works and Housing, Mr Chukwunwike Uzo, made the disclosure in...
Factors Affecting Property Value In Nigeria – Property value in Nigeria refers to the worth of real estate assets such as land, buildings, and homes. The value of these properties can fluctuate due to a variety of factors, including...
Abbey Mortgage Bank has been honoured with the ‘Innovative Mortgage Bank of the Year 2021’ award by the African Housing Awards. A statement said this was in recognition of the company’s innovative contributions to the growth and development of the...
Introduction
The purport of this article is best introduced with a practical analogy.Let us imagine a country where 80% of Debtors (Mortgagors) do not repay money loaned to them by financial institutions (Mortgagees) and where the civil court's proceedings are...
The non-interest rent covers both FMBN and non-FMBN funded properties with a maximum price of N15 million.
The Federal Mortgage Bank of Nigeria (FMBN) has provided more details about its rent-to-own mortgage housing that will attract no interest. As against the previous seven...
The Federal Housing Finance Agency said today it will increase fees for certain Fannie Mae and Freddie Mac high-balance loans and second home loans starting on April 1. Fees for high-balance loans will increase between 0.25% and 0.75%, and second home...
Generation Squeeze argues that the surtax could raise between $4.54 billion and $5.83 billion to go toward other housing projects Author :
Stephanie Hughes A think-tank funded in part by the Canada Mortgage Housing Corporation (CMHC) and National Housing Strategy is proposing that...
By Maduka Nweke The appointment of Mr Ayodeji Gbeleyi as the Chairman, Federal Mortgage Bank of Nigeria (FMBN) has been applauded by stakeholders in the real estate industry. The appointment, according to them ,will give the bank a focuse. Commenting on the...
Minister of Works and Housing, Mr Babatunde Fashola (SAN) yesterday directed the new board of the Federal Mortgage Bank of Nigeria (FMBN) to begin the process of exiting all businesses entered into outside the provisions of the law setting...
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