Experts in the mortgage and housing sector of Nigeria’s economy have explained why access to mortgages remains a huge challenge to many home seekers, leading to a persisting housing shortage. According to the experts, the mortgage sector in Nigeria, which is a long-standing pillar for financing home ownership, is struggling under a growing burden of issues that have left many...
The Lagos State Government, under the leadership of Mr. Babajide Sanwo-Olu, will ensure that all ongoing housing projects are built to the best standard in terms of specification and will be completed during his tenure. The Hon. Moruf Akinderu-Fatai, the Commissioner for Housing reiterated this when he led the technical team of the Ministry on a tour of the ongoing LagosHOMS housing...
So you’ve seen your umpteenth Ad with the guy in his neatly pressed button-upped white T-Shirt grinning ear to ear waving his rock-solid no-money-down rags-to-riches real estate investment course for 3 easy payments of a gazillion Naira and now you are thinking, "wow this looks like a great deal, I better get it fast before the special offer expires." You notice how there’s...
The President of the International Real Estate Federation, Nigeria, Lagos Chapter, Akin Opatola, has stated that Nigeria ranks high in the cost of a Certificate of Occupancy. He disclosed this during a press briefing on a World Habitat Day roundtable discussion, themed, “Engaging Youth to Create a Better Urban Future”, in Lagos recently. He said, “The issue of housing...
Minister of Housing and Urban Development, Arc Ahmed Musa Dangiwa, has disclosed plan of the ministry to construct building materials manufacturing hubs in six geo- political zones of the country. Dangiwa made the disclosure when he received the Executive Chairman, Zheng Xiaopeng and Vice Chairman, Yiwu China- Africa Business Council, High Chief Mike Yousuf Ugwu, on a courtesy visit...
As we celebrate Investors Week 2024, it's essential to highlight the significance of real estate investment in building financial security and generating wealth that lasts for generations. Real estate has consistently proven to be a lucrative and stable investment option, offering numerous benefits that can safeguard one's financial future. Why Real Estate Investment? 1....
While you see businesses come to life, peak and fall, you may be thinking if a business of real estate is worth investing in. What if the same thing happens to this business. You wouldn't want to invest in something that won't be substantial. Unlike other businesses, real estate is always a good investment to make, and may be the only real mainstay market. Even though the real...
Real estate syndication is a popular investment strategy that allows individuals to pool their resources and invest in larger, more lucrative real estate projects. This collaborative approach offers numerous benefits, including diversified portfolios, reduced risk, and increased potential for returns. In this article, we'll delve into the world of real estate syndication, exploring...
Real estate investing may not be everyone’s cup of tea, but some people who have already tried investing in real estate know that it can be highly profitable and lead to much better quality of life. There are several keys to making significant profits in real estate investing deals. And when the deals are profitable, you will certainly be well on your way to success. For real...
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...