Thursday, June 20, 2024
Nigeria has over two hundred and forty million people spread over a land area of approximately 923,000 square kilometres. With a huge population, Nigeria’s housing demand is about ten point seven one (10.71) million units resulting in a housing...
Housing affordability and accessibility are largely dependent on the cost and availability of housing credit, both short-term and long-term. The benefits of mortgages cannot be overstated, whether they are for an individual, a business or the government. It is no...
Tunde Balogun is the co-founder/CEO, SmallSmall, a company that uses technology to democratise access to housing. He speaks extensively on how the current economic challenges affect the Nigerian real estate market as well as the Elite Developer Advancement Programme...
The definitive, strategic, and well-crafted unveiling of housing and urban development reform initiatives by the federal government over the past couple of months shows that President Bola Ahmed Tinubu’s pledge to revitalise the housing sector and make homes accessible...
The global housing deficit crisis has emerged as a pressing challenge, affecting billions of people worldwide. By 2030, it is anticipated that approximately 3 billion individuals, or roughly 40% of the world’s population, will lack proper housing (UN-Habitat, 2015). Within...
The Managing Director, Leisure Court Estate Limited, Mr Segun Abolaji, has said that affordable housing may not be possible in the near future if cement price and land allocation remain unrealistic. Speaking at a workshop on Promoting Real Estate Investment...
The Rent-to-own (RTO) scheme was introduced by the Federal Mortgage Bank of Nigeria (FMBN). In this scheme, the Bank purchases the property from the developer and leases it to the buyer who pays the mortgage in instalments, like rents...
In Ajah, Lagos, stakeholders call for tax holidays to stimulate growth in Nigeria's housing sector. Urban regeneration plans promise more affordable housing solutions and a redefined concept of home in Africa's vibrant nation. In the bustling heart of Ajah, Lagos,...
Recently, at Karsana, a suburban of Abuja, President Bola Ahmed Tinubu performed the groundbreaking ceremony of the pilot phase of his ambitious housing project tagged Renewed Hope Cities and Estates Development Programme. Under the first phase of the scheme,...
The Head of Sales, Blue Square Limited, Gbemisola Sijuade, has said government’s incentives to real estate developers will prompt them to do more in the sector and help the nation achieve the aim of providing affordable housing for the...
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