Housing Market Forecast: 4 Expert Predictions for 2024
Although the factors that tanked affordability in 2023 — mainly high mortgage rates and lack of inventory — will still be at play in 2024, no one expects conditions to get any worse for buyers and sellers. In fact, many housing experts believe the new
Architects’ Association Warns Minister Against Inaugurating ARCON Amid Court Case
The Honourable Minister for Housing & Urban Development, Arc. Ahmed Musa Dangiwa, has been cautioned by the Association of Nigerian Chartered Architects to refrain from reconstituting and inaugurating the Architects Registration Council of Nigeria (ARCON) come Tuesday, 23rd January, 2024. In a letter by its
How Canada’s Commercial Real Estate Markets Will Play Out In 2024
Like most realms of real estate, the commercial real estate world is going with the ebbs and flows of interest rates, which hit a high of 5.00% in 2023 – a rate not seen in over two decades. As we enter 2024, the
Real Estate Expert Tina Walters Advocates Restructuring in Nigerian Rental Market Post-Pandemic
In a recent interview in Lagos, Tina Walters, a Real Estate Expert and Director of Purifico Property Services, revealed that the global impact of the COVID-19 pandemic triggered widespread concession, renegotiation, and restructuring activities in the real estate market. Walters emphasized the need
Fed Govt charges Emefiele with lying to obtain $6.2m
The Federal Government has charged former Central Bank of Nigeria (CBN) Governor Godwin Emefiele with obtaining $6.23 million by false pretence. In the amended charge dated January 17 and filed for the Attorney-General of the Federation (AGF) by Rotimi Oyedepo (SAN), Emefiele is accused of criminal breach
Ekiti State Government Restructures Ring Road Phase I Project to Prevent House Demolitions
The Ekiti State Commissioner for Information, Rt. Hon. Taiwo Olatunbosun, has provided assurance to residents of Iworoko, Are, and Afao Ekiti, stating that the Ekiti Ring Road Phase I project has undergone restructuring to avoid the demolition of houses in the affected communities.
700 buildings sealed in 2023 for flouting laws —Lagos govt
The Lagos State Physical Planning Permit Authority, LASPPPA, yesterday, disclosed that the 700 buildings sealed in 2023 for flouting the relevant state’s laws. General Manager of LASPPPA, Mr. Kehinde Osinaike, said this while leading an enforcement team of the authority across the Ikeja
FCTA Launches Aggressive Campaign to Eradicate Illegal Settlements and Boost Security in Capital
In a bold move to tackle rising insecurity, the Federal Capital Territory Administration (FCTA) is embarking on a comprehensive initiative to eliminate all unauthorized settlements and shanties across the nation’s capital. The Department of Development Control, under the FCTA, has issued directives for
Gawu LEA Primary School: Battling Lizards, Crumbling Structures, and a Cry for Education Renewal
“It wasn’t easy for us. We grappled with lizards and other crawling animals. You could be at your desk working, and suddenly, a lizard would just fall onto your desk from the roof without warning, sending shivers down your spine. We’d then start
NEMA Confirms Over 20 Houses Affected in Ibadan Explosion, Suspects Improvised Explosive Device
The National Emergency Management Agency (NEMA) has revealed that more than 20 houses were impacted in the explosion that shook the Bodija area of Ibadan, the capital of Oyo State, on Tuesday night. In a statement released on Wednesday, NEMA stated that casualty
