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Real Estate
Nigeria needs aggressive infrastructure push to unlock N4.7trn real estate sector
When Ebong Bassey committed N650,000, saved from his meagre income as a civil servant, to buying a plot of land from an estate located along the Lagos-Badagry Expressway in Lagos, he did so…
Where, how to invest profitably in real estate market in 2019
Despite the negative narratives on Nigerian real estate market, especially about the growing vacancy rates, negative growth, falling contribution to GDP, etc, it remains a major and…
How Buhari, Atiku, others plan to tackle housing sector problems
Whoever becomes Nigeria’s president after the 2019 general elections will be faced with the country’s more than 20 million housing deficit burden.
BusinessDay therefore looked into the…
Why build-to-let investment is unattractive to Nigerian investors
Though the rental market in Nigeria is more active than sales, only a few real estate investors and developers raise capital to build houses, especially residential, for renting or letting.…
FIABCI seeks ease of doing business to attract foreign funds into real estate
The International Real Estate Federation (FIABCI) says foreign funds can only find its way into the Nigerian real estate market when the environment is right and enabling, hence the need for…
How long do Nigerians have to wait for affordable mortgage?
Edward Okon is a middle-aged man who left higher school 26 years ago at the age of 24. Okon’s immediate plans on leaving school was to work for six years and marry at the age of 30.…
Industrial real estate gains traction, sidesteps peers in investment inflows
Amid economic slowdown and impact of exchange rate challenges on import business, industrial real estate is gaining momentum, attracting investment interest from both local and foreign…
AMCON’s assets sale seen deepening property market woes
The recent offloading of seized assets for sale on the property market by the Assets Management Company of Nigeria (AMCON) is capable of worsening the situation in the market and piling more…
‘We think proptech is going to do more enabling than disrupting’
IBRAHEEM BABALOLA, the CEO/Cofounder of Muster, an AI-powered peer-to-peer shared housing market place, in this interview with ENDURANCE OKAFOR, gives insights on how technology is going to…
Why FMBN could disburse only N193.4bn for mortgages in 41years
In the last 41 years of its existence, the Federal Mortgage Bank of Nigeria (FMBN) says it has so far disbursed N193.4 billion to 18,935 Nigerian workers.
Ahmed Dangiwa, Managing Director…