The Ministry of Finance on Tuesday unveiled plans for a market-driven mortgage fund aimed at expanding access to affordable homeownership in Nigeria. Spearheaded by the Minister of Finance, Mr. Wale Edun, the initiative is part of the One Million Homes Presidential Initiative. The fund, known as the Ministry of Finance Incorporated Real Estate Investment Fund, is designed to...
One thing that many people do not realize is that to invest in real estate is a process. They don't realize that because they often only see the end result – a prosperous person with a Midas Touch, or a person who always finds themselves in an avalanche of great deals. They think the person is simply lucky. Someone who has truly begun their own real estate journey knows,...
The Nigeria Mortgage Refinance Company has restated its commitment to providing interim housing data to aid decision-making, aimed at addressing the country’s housing deficit. The Chief Executive Officer of NMRC, Kehinde Ogundimu, stated this during the inauguration of a new joint steering committee on housing data in Abuja recently. To ensure the continuity of data provision,...
Why bother with “mindset?” Simple. Because the cost of NOT adjusting your mindset is outrageously expensive (in opportunity loss)! If your mind isn't conditioned to think like a wealth-building investor, you are like a sailor paddling around in a boat with holes in it. If you bail water quickly enough, you'll keep it afloat, but you will eventually tire…and sink! ALL...
Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has inaugurated a 13- member Steering Committee on the National Housing Data Centre in Nigeria, Tuesday, August 20th, 2024. Speaking at the inauguration, Arc.Dangiwa stated that fixing Nigeria's housing data problem is a top priority under the Renewed Hope Agenda of President Bola Ahmed Tinubu. He explained that the...
The Federal Mortgage Bank of Nigeria (FMBN) has disclosed that it has so far disbursed over N440 billion in various housing schemes and has refunded over N84 billion to persons exiting the National Housing Fund (NHF). Speaking in Abuja on the occasion of the FMBN Day at the 18th Africa International Housing Show , Managing Director and Chief Executive of the bank, Mr Shehu Osidi,...
There are many questions that should be asked before embarking upon a career of real estate investment. The first and foremost question however should be whether or not you are truly committed to making real estate work for you. This is not a business for the faint of heart. In order to truly turn a profit you must be at times ruthless when dealing with buyers and sellers but ethical...
Real estate and construction demonstrated uncommon resilience, sidestepping the challenges in the economy and contributing N11.2 trillion to the Nigerian economy in the first quarter (Q1) of 2024. According to close watchers, this contribution is surprising given that the sector was hit hard by a combination of factors including galloping inflation, volatile exchange rate, high...
Classic business philosophy teaches that a great part of survival and subsequent success lies in an operation's ability to reduce mistakes. The cost or repairing the mistakes is inversely proportional to the amount of profit potential of the operation. In other words..."Mistakes Kill the Profit Margin!!!!!" Classic business philosophy teaches that a great part of survival and...
You are in the process of trying to sell your house and have your marketing up and running. So, how do you convert callers into offers? Here is one method. Once you have decided to sell a home, there are a couple of steps you have to take. The first is to get the home ready for marketing by doing repairs, landscaping and so on. Once you are ready to go, you have to start marketing the...