Democratic senators call on Fed to cut interest rates over high housing costs
Several Democratic senators urged the Federal Reserve on Sunday to cut interest rates, which they argue have “aggravated the country’s persistent crisis of housing access and affordability.” In a letter to Fed Chair Jerome Powell, Sens. Elizabeth Warren (D-Mass.), John Hickenlooper (D-Colo.), Jacky Rosen (D-Nev.) and Sheldon Whitehouse (D-R.I.) said the central bank’s
Lagos Goes Tough On Buildings Without Town Planning Permit
Lagos State Government has urged members of the Association of Estate Agents in Nigeria (AEAN) not to deal in any property without a planning permit in the state. The state’s Commissioner for Physical Planning and Urban Development, Dr Oluyinka Olumide, gave the advice,
UK: Huge Effort Needed To Fix Housing Issues
A “wartime mentality” is required to improve the lives of tenants and tackle the backlog of housing repairs in Birmingham, campaigners have said. Birmingham Fair Housing Campaign said was continuing to receive calls from families battling mould and damp, despite assurances from council
Inflation And Exchange Rate Spikes Ignite Borrowing In The Real Estate Sector
The real estate and construction sectors in Nigeria have witnessed a surge in bank borrowings, but this hasn’t translated into an improvement in housing stocks. The rise in inflation and exchange rate volatility poses challenges to developers, potentially leading to a crisis as
Concerned Subscriber Petitions Lagos State Government Following Breach in Property Transaction”with estate developer
The legal battle intensifies as Mrs. Olubukola Akande and Mr. Oluyomibo Olaniyan, a US-based couple, escalate their dispute with Landwey Investment Limited over the protracted delay in delivering their promised three-bedroom terrace duplex in Lagos. The family’s saga began on February 11, 2022,
CORBON Urges FHA to Prioritize Licensed Builders for Housing Projects
In a recent development, the Council of Registered Builders of Nigeria (CORBON) has passionately appealed to the Federal Housing Authority (FHA) to exclusively involve builders possessing valid practice licenses in its housing projects. Dr. Samson Opaluwah, the Chairman of CORBON, led a delegation
10 Emerging Real Estate Marketing Trends For 2024
In the dynamic realm of real estate, where every square foot counts and every transaction is a milestone, the landscape is constantly evolving. As we step into a new era marked by technological advancements, shifting demographics, and changing consumer behaviors, the real estate
Lagos Real Estate Market Witnesses Significant Increase In prices Of Land in Magodo And Lekki
Recent data released by the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos branch, highlights a substantial upswing in land prices, activity, and interest within the Lagos property market. Over the past five years, Ogudu led in upper-profile growth at 275%, closely
Royal Palm Villa to Revolutionize Real Estate in Akwa Ibom with Tech-Driven, Green Compliant Homes
In a groundbreaking announcement, real estate developer Royal Palm Villa unveils plans for a state-of-the-art housing estate in Nwaniba near Uyo, Akwa Ibom. Spanning 3.6 hectares, the strategically located property near Ibom Icon Hotel and Golf Resort is set to redefine luxury living.
Top Real Estate Companies In Abuja To Look Out For In 2024
The Housing Outlook for 2024 in the Real Estate Sector is looking positive, with Experts predicting better prospects for the industry. The Real Estate Industry witnessed tremendous growth in 2023 despite the various trepidation of the economy. Despite the odds, various Real Estate
