Housing Finance - News & More - Nigeria Property Centre

Posts with tag "housing finance"

Higher income bracket subscribers will again have a pride of place under the government’s dream project to increase the housing stock in the country.

The new efforts is being anchored by the Federal Housing Authority (FHA) under the public private partnership Scheme, planned to ensure greater efficiency in housing delivery and ensure injections of private sector funding into public sector. The authority adopted the models in 2009 when Terver Gemade headed the new management.

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A Lagos-based firm of property developers, Messrs. Propertymart Real Estate Investment Limited, has adopted an innovative strategy in marketing "City Park Estate 1," one of the organisation’s latest housing schemes.

Located at Ofada in Mowe within the Papalanto axis in Ogun State, the estate entails a dual approach involving the allocation of plots to subscribers prior to payment on one hand, and followed by an outright purchase (payment) of the product on the other.

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African governments have been urged to make housing  financing affordable to low income earners since mortgage financing is expensive, risky and only for the rich.

This was among recommendations made at the 30th Annual General Meeting for Shelter Afrique in Nairobi recently. It was conducted under the theme “Mortgage Finance for Increased Access to Housing in Africa.” It provided an opportunity for stakeholders in the mortgage industry to share experiences and chat the way forward to address the emerging issues.

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