Posts in category "news"

Following on the heel of the fuel subsidy removal by the Federal Government, Abuja residents have decried new increases in rent rates in some areas in the FCT.

READ MORE >>

  • 0 Comments

The Lagos State governor, Babatunde Raji Fashola SAN, seems intent on complicating the (even at best of times) fractious relationship between landlords and tenants in the state. After signing into law the Tenancy Law which restricts the payment or rent to one year in advance, proposing that landlords may be asked to account for the criminal activities of their tenant, he has now told tenants to deduct withholding tax from the rents they pay their landlords. Speaking at the 5th Lagos State Taxation Stakeholders Conference last month, the Governor said “Everybody who pays rents for example, is collecting agents for withholding tax. And it is five per cent.

READ MORE >>

If the proposal by BVI Limited, a subsidiary of “Zawawi Group”, is anything to go by, about one million homes look set to come on stream to cushion the housing shortfall through efforts by the conglomerate group in the coming year.

READ MORE >>

Amid the prospects of completing existing structures in some housing estates, Ogun authorities have urged residents to explore opportunities provided by state’s mortgage firm towards becoming home owners.

READ MORE >>

  • 0 Comments

Set to expand its reach and operational capacity, the Nigerian Corporation of Insurance Brokers (NCRIB) has said that it would work towards delivering ₦160m new headquarters’ office complex in Lagos this year.

READ MORE >>

With all economic parameters indicating a slowdown and large preponderance of government’s recurrent expenditure, construction costs will go up and harden rentals in the housing industry. Similarly, the subsidy removal will trigger inflationary trend, which will impact negatively on house prices and rentals, making it impossible for many people to buy an apartment, according to the 2012 predictions of housing industry experts.

READ MORE >>

  • 0 Comments

As agitations continue to swell over the Federal Government’s policy that effected removal of petrol subsidy, the implications on the real estate and construction industry are coming to the front burner with professionals within that sector saying that the policy will further nosedive construction activities and invariably provision of affordable housing for all in the polity.

READ MORE >>

The hope of ‘the common man’ to have a roof over his head was brightened last week when the Federal Mortgage Bank of Nigeria, FMBN launched the informal sector co-operative housing loan scheme in Lagos.

READ MORE >>

  • 0 Comments

Nigeria’s built environment recorded a very significant stride in the quest to addressing the nation’s 16 million huge housing deficit as Enugu State based estate management firm COPEN Services Limited, last week commissioned and delivered 180 housing units at Goshen and Jubilee Estates, Ogui Nike Community in the state.

READ MORE >>

  • 0 Comments

Fresh moves have begun to motivate use of mortgage towards property ownership in the commerce and trade sector as FirstBank of Nigeria Plc last week offered mortgage facilities for individuals and corporate organisations to acquire shops in the ultra-modern Tejuosho Shopping Complex in Yaba, Lagos.

READ MORE >>