Increase in Fuel Prices Affecting the Real Estate Sector in Nigeria
As one of the world’s top crude oil producers, With a sharp and unsettling increase in fuel prices, rising from ₦617 to ₦1,100 per liter. This dramatic surge is having profound repercussions on various sectors, with the real estate industry being particularly affected.
HDAN Calls for Synergy Among FCT Departments to End Land Grabbing
The Housing Development Advocacy Network (HDAN) has called for synergy among departments within the Federal Capital Territory Administration (FCTA) to bring an end to land grabbing activities. In a statement released on Thursday in Abuja, the Executive Director of HDAN, Festus Adebayo, emphasized
Hong Kong Abolishes Property Curbs in Bid to Revive Housing Sector, Economy
In efforts to revive Hong Kong’s flagging housing market and broader economy, Financial Secretary Paul Chan announced in the annual budget address on Wednesday, February 28, 2024, that the government will scrap all property cooling measures, including additional stamp duties for foreign and
NeGSt-TAS Technologies and ERCAAN Forge Alliance to Digitize Real Estate Sector
In a landmark move toward modernizing Nigeria’s real estate industry, NeGSt-TAS Technologies Ltd proudly announces a strategic partnership with the Estate Rent & Commission Agents Association of Nigeria (ERCAAN). The collaboration aims to pioneer the digitization of real estate practices, introducing a Digital
GRNMA Calls for Targeted Housing Projects to Alleviate Housing Deficit
The leadership of the Ghana Registered Nurses and Midwives Association (GRNMA) has underscored the urgent need for targeted housing initiatives to address the housing shortfall among public sector workers in the country. Dr. David Tenkorang-Twum, the Association’s General Secretary (GS), emphasized this imperative
Architects Sound Alarm on Soaring Building Material Costs, Warn of Project Delays
In a recent statement, the Nigerian Institute of Architects (NIA) expressed grave concern over the skyrocketing costs of building materials, citing significant challenges for construction projects and business endeavors across the nation. NIA President, Mobolaji Adeniyi, highlighted the prevailing economic hardship faced by
HDAN Congratulates New REDAN President, Exco, Urges Collaboration for Housing Solutions
Africa’s leading non-governmental housing advocacy organization, Housing Development Advocacy Network (HDAN) has extended congratulations to Akintoye Adeoye, the newly inaugurated president of the Real Estate Developers Association of Nigeria (REDAN), along with the newly elected executive members, on their victory. In a statement
Three-Storey Building Collapses in Lagos Amid Heavy Rainfall
Amidst a heavy downpour on Thursday, a three-storey building located at Ita Faaji Market in the Lagos Island Local Government Area of Lagos State collapsed, sparking panic in the community. According to information gathered by our source, the incident occurred around 9 am,
Many houses affected as downpour, flood hit Lagos
Many residents of Nigeria’s economic nerve Centre were also stranded in their residential apartments and in their cars as major roads were submerged by flood after months of heat waves in the state. In a statement, the South West Coordinator of the National
Tinubu Approves N126bn For Housing Provision Nationwide
President Bola Tinubu has approved N126.5 billion for the delivery of a total of 100,000 houses nationwide in 18 months. This was disclosed by the Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, during the groundbreaking ceremony for 3,112 housing units as
