Property News, Tips and Advice

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.

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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.

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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.

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Towards ensuring the reduction of incessant building collapse in Lagos State, the Ministry of Physical Planning and Urban Development is seeking a collaboration with the artisans, under the aegis of the Association of Building Artisans of Nigeria (ASBAN) to provide safer building.

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Looking to breathe new life into your walls?

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Worried by the dearth of affordable housing in Abia State, the Government last week, said it has embarked on the construction of over 8500 housing units. When completed, the houses would help to ameliorate the housing problems facing civil servants in the state.

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The traffic bottleneck that has almost crippled economic activities in the Apapa area of Lagos, did not deter affluent Nigerians from investing in the latest housing estate developed by the Lagos State Development and Property Corporation, LSDPC. But for those who braved the odds to buy into the scheme, the bad days are now few, if the words of Governor Babatunde Raji Fashola are to be believed.

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One of the Nigeria’s emerging property developers and lifestyle home designers, Messrs Haven Homes, a subsidiary of Haven +Global Resources Limited, plans to showcase its property designs at its new office in Lekki Phase 1, Lagos next month.

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In a bid to instil confidence and create awareness on its mortgage products, mortgage operatives have launched a leeway to woo prospective borrowers, which if successful will ensure a sustainable housing finance in the country.

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