Property News, Tips And Advice - Nigeria Property Centre - Page 19

Property News, Tips and Advice

Citing federal government’s effort to improve energy supply in Nigeria and the need to scale up energy efficiency that will go a long way to reduce demand, electricity bills, Green House Gas emissions which would allow more citizens with access to electricity saved, the United Nation Development Programme (UNDP), Global Environment Facility (GEF) and the Federal Government of Nigeria is set to promote energy efficiency in residential and public sector in the country.

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The five-day annual Lagos Housing Fair ended at the weekend with a call by participants for the Land Use Act, which has been given various uncomplimentary descriptions by stakeholders, to be expunged from the constitution and reviewed. The fair which was the 11th in the series witnessed an array of exhibitors from both the private and public sectors, and also the cream of professionals in the built environment. With the theme, 'Access to Land and Housing Delivery' the fair, through paper presentations by experts in housing delivery and land management, examined factors inhibiting access to land and also highlighted strategies for promoting land administration, title documentation and land use planning.

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The Federal Housing Authority (FHA) has said that as part of strategies for realizing its mandate, it has come up with a four-year action plan aimed at delivering 106,000 housing units. The authority since inception 37 years ago has been able to deliver only 37,000 housing units in 76 states across the country by direct efforts. Bello Issa, FHA's executive director, estate services, who disclosed this in a paper he presented at the just concluded Lagos Housing Fair, also hinted that in 2001, the authority embraced public private partnership (PPP) as a complementary channel for housing delivery, adding that through this channel, about 2000 housing units have been delivered.

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The Lagos State Government has commenced plans to build the Lekki International Airport expected to cost ₦102 billion.

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Save us from land grabbers, Aiyeteju community urges Fashola!

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Seeing the possibility to break the endemic rising housing challenges, which Nigeria and her populace is currently wallowing in, construction industry experts and stakeholders have again called on the government to pursue a multi-dimensional approach towards solving the problem.

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AMID the new political administration envisaged in Lagos and Ogun states, experts are already predicting better days for urban planning, especially within the mega city project areas.

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The controversy surrounding the sale of the 37-storey NITEL building took a dramatic turn recently with the revelation by the liquidator of the NITEL/MTEL Pension Fund, Olusola Adekanola, that the board of NITEL approved the sale of the head office building – NECOM House. Adekanola, in a statement from his media and communication consultant, Kazie Uko, revealed that the list of NITEL’s non-core assets that were transferred to NITEL/MTEL Staff Pension Fund was prepared by a team of professionals working with NITEL management.

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The 1004 estate in Victoria Island, Lagos offers home seekers decent accommodation with basic facilities and simple luxury like a swimming pool. 800 two and three bedroom flats (80%) of the 1004 flats in this estate entered into entered the Victoria Island market almost the same time in October 2010 with very high rent tags which market analysts viewed as unrealistic in the circumstance. Apparently responding to the credit crisis in the financial system however, landlords of the various flats at the estate have slashed the rents considerably. A two-bedroom flat which was ₦2.75 million per annum now goes for ₦1.7 million per annum. Three-bedroom flat have come down from ₦3.5 million per annum to ₦2.2 million per annum.

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Significant changes to your home like a new extension or a redesign of a particular area will typically call for a professional hand. Then comes the question "what should I look out for while selecting a professional builder?". This question is even more important when you have little or no experience in the area. An article from The Guardian suggested the tips below.

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