Category Archives: Featured

Incremental Steps to Cut The Housing Deficit

Housing supply is grossly inadequate in Nigeria, which is evident from the national deficit of 17 million units. Housing finance remains in its infancy: its mortgage/GDP ratio of 0.5% compares with South Africa’s 30%. Instinctively, and because of the social and developmental role of housing,

Archers Group celebrates 27 years with tourism, real estate inclusion

With Vast investments in oil, gas, education, construction, and now making an inclusion in tourism and real estate spanning into hundreds of luxury serviced apartments in Accra, Ghana, Archers View Courts hopes to tell the true African story to visitors from all over the world.

Home Affordability Hits 10-Year Low in U.S.

According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, rising U.S. home prices and interest rates pushed housing affordability to a 10-year low in the second quarter of 2018. In all, 57.1 percent of new and existing homes sold between

Mortgage bank begins rent-to-own housing for workers

The Federal Mortgage Bank of Nigeria (FMBN) has approved the implementation of a Rent-To-Own Housing Scheme. The rent-to-own housing project targets Nigerian workers who are contributors to the National Housing Fund (NHF) and will be implemented in phases. About 3,000 houses are planned for the

Growth in global top end property markets slowing down

Prime property price growth in key cities around the world is falling, up just 2.6per cent in the 12 months to June 2018, the weakest annual rise since the first quarter of 2012, the latest index shows. Overall, the number of cities registering double digit

Mortgage market flat; building societies positive

Figures from the Building Societies Association show that in the first six months of 2018, 31 per cent of UK mortgage approvals were from a building society, an increase of nearly 4 per cent year-on-year. These numbers appear to back up the assertion from both Santander

Less than 10% of Nigerians insure their buildings

Despite the huge benefits in home and property insurance, investigations have showed that less than 10per cent of estimated 198 million Nigeria’s population insure their buildings. Findings show that lack of trust, cultural beliefs, delays in payment of claims and failure of the operators to

U.K. Housing Market Stays Subdued as Brexit, Rates Deter Buyers

The U.K. housing market remained listless in July as Brexit uncertainty intensified and Britons braced for an interest-rate increase from the Bank of England, according to the Royal Institution of Chartered Surveyors. Prices and sales stagnated and property values in London continued to fall, RICS said

Badagry residents decry 4 years power outage

Residents of Badagry, Lagos State have cried out over four years power outage in the coastal town and accused Eko Electricity Distribution Company (EKEDC) of “total neglect” of the area. They spoke in Lagos that the continuous power outage had paralyzed social and economic activities

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