Category Archives: Business

Assets: Underwriters grow investment in real estate to N103bn

Nigerian underwriters have continued to experience a boom in the real estate sector as investment in industry increased by N5 billion from N98.11 billion to N103.51 billion within a period of one year. According to the balance sheets prepared by the regulator, National Insurance Commission

Expert Tasks Developers On Mass Housing Scheme

Mr Omotayo Awomosu, the Chairman, Association of Town Planning Consultants of Nigeria (ATOPCON), Lagos Chapter, has urged developers to build more houses to crash the cost of rent in the country. Awomosu told Housing News in Lagos on Wednesday that the incessant rise in cost

Deficit in A-grade real estate, economy fingered for REIT underperfomance

Deficit in A-grade real estate compared to similar urbanising environments, coupled with a volatile and on-diversified economy that relies much on crude oil have been fingered for the low investment in Real Estate Investment Trusts (REITs) in Nigeria. An additional factor responsible for this low

Growing economic confidence translates to demand for real estate – analysts

The growing confidence in the Nigerian investment market and the wider economy will ultimately translate into increased demand for goods and services, including real estate space, analysts say. The analysts note there are already ‘green shoots’ in the macro-economic environment. They explain that factors such

Renewed confidence in investment market seen attracting FDI into real estate

Renewed investor-confidence in Nigeria’s investment market will be attracting foreign direct investment (FDI) into the country’s real estate sector, particularly in the commercial segment, a Q3 2017 report by EMC-Real Estate on market research has shown. This is expected to inject more life and create

Bitcoin fever hits US real estate market

As of the end of last year, the digital currency was listed as a way to pay for some 75 properties for sale, especially in south Florida and California, according to the real estate firm Redfin. “Bitcoin accepted” is a message now seen in the

IBS Begins in Florida, Nigerian Minister, others to attend

The Minister of State for Power, Works and Housing, Suleiman Zarma Hassan will be visiting the 74th annual convention and exposition for stakeholders in the housing and construction industry that will hold from today, January 9-11, 2018 at the Orange County Convention Centre, Orlando, Florida, USA. 

Retail market records increased interest in Q3 2017

Despite the challenges arising from a hash operating environment, the retail market in Nigeria in the third quarter of this year witnessed increased interest from international retailers, which, in some cases, translated into active negotiations as well as concluded leasing transactions. Though general activity in

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