Industry operatives are apprehensive that the new interest rate introduced by the Central Bank of Nigeria (CBN) would impact property prices, cost of investment and the entire construction value chain. CBN’s Monetary Policy Committee, last week, voted to increase the…
In furtherance to the Lagos State Government’s commitment to curbing the menace of building collapse, the Lagos State Building Control Agency (LASBCA) has identified and published the list of 349 buildings found to be exhibiting various signs of distress across…
The ongoing cash crunch occasioned by the Central Bank of Nigeria’s policy on the naira redesign and cash withdrawal limit has abruptly stopped economic and service delivery in the real estate environment, this was revealed in an interview with a…
Despite the tension associated with the Nigeria’s general elections, no thanks to the slowdown in the economy, Naira swap crisis, scarcity of petrol, volatile forex, high inflation and wait and see attitude of investors, experts have predicted a rebound of…
The Permanent Secretary, Ministry of Waterfront Infrastructure Development, Esv. (Mrs.) Olayinka Patunola-Ajayi has urged the leadership of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) to partner with the State Government in its drive towards economic sustainability and development…
At least a male artisan has been confirmed to dead when a section of a one-storey building said to be under repairs suddenly collapsed on the deceased and others within the premises in Lagos State. It was learnt that the…
The Lagos State Physical Planning Permit Authority (LASPPPA) resumed its enforcement activities for the year 2023 during the week with the sealing of an abandoned filling station near Otedola Jubilee Estate Gate, Omole Phase II, along the Lagos-Ibadan Expressway. Speaking…
By Wilson Adekumola The Managing Director of Haigret Homes and Team Lead, Innovative Realtors Network, Mr. Elias Dongyen, has decried the current situation of the real estate sector saying the industry has suffered some setbacks due to some government policies…
By Wilson Adekumola The Lagos State Government has promised to provide decent and affordable housing for workers noting that they need good accommodation in a conducive environment to enable discharge their duty competently. The Permanent Secretary, Ministry of Housing, Mr.…
By Wilson Adekumola The Senior Partner, Biodun Olapade & Co, ESV Biodun Olapade has attributed the incessant increase in the rent of housing and price of property to the population surge and the current high rate of inflation Nigeria is…
