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...
The Managing Director of AG Mortgage Bank, Mr Ngozi Anyogu, has declared that deficiency in supply is the reason for the persistent housing deficit in Nigeria. He spoke in Lagos during the signing of a N2,000,000,000 seven-year fixed rate note...
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...
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...
California is investing in five communities to build 613 new affordable homes. In total, Homekey has funded 14,652 housing units, helping move people off the streets to a pathway toward stable housing. Governor Gavin Newsom announced funding to quickly create...
With over 600 housing units under its belt, it is no surprise that the latest development of Veritasi Homes is firmly rooted in the brand’s tagline – Creating Better. The fifth instalment of the Camberwall Advantage Series, Camberwall Advantage...
The cost of renting a property from a private landlord is rising at the fastest rate since records began in 2006, the Office for National Statistics has said.
In a sign that the UK’s 4.6m private tenant households are failing...
The Census Bureau says U.S. companies broke ground on a surprisingly high number of houses in November.
The agency says housing starts rose 9% from a year ago, primarily because of an 18% increase in starts on single-family houses.
Housing starts...
In response to the considerable drop in bank credit, coupled with shrinking equity funding, real estate developers have resorted to the capital market to raise funds for projects. The expectation is that this will lead to increased housing supply that...
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