Category Archives: Housing Finance

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Kenya lauded for moving to make housing affordable

 

Kenya has been acclaimed for coming up with initiatives to meet the rising demand for houses and making them affordable.

The latest plan contained in the 2018/2019 budget presented recently involves the creation of a National Housing Development Fund, …

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RECOMMENDATIONS FOR IMPROVING ACCESS TO HOUSING FINANCE IN NIGERIA

 

Housing Microfinance is an interesting innovation appropriate for the Nigerian market. It functions by providing small, short-term loans to match step-by-step housing construction that the lower-income segment can afford. Technical support ensures that people get the best possible housing …

KEY CHALLENGES OF ACCESSING HOUSING FINANCE IN NIGERIA

 

The Nigerian housing sector has an affordability challenge. Housing delivery is targeted mainly at the middle high income segment of the population that can either pay cash or access mortgage finance from the banks.

The sheer size of the low …

Affordable housing: private initiative to the rescue

With growing population, a lingering housing deficit and government’s continued inability to provide affordable housing in practical sense, a multinational has seized the initiative to provide technical support, materials, and connect  mortgage providers with prospective house owners, among  others. MUYIWA

Steady interest rates bring mortgage volume back to life

Mortgage borrowers came back to the table last week to refinance and to purchase homes, after their numbers fell for most of the past month.

Total mortgage application volume rose 4.2 percent last week, according to the Mortgage Bankers Association’s …

Cosgrove: Bridging Gap in Pan-African Housing Deficit

Cosgrove Investment Limited, a real estate development and general construction company, is fast changing the narrative and bridging the gap in the pan-African housing deficit.

The firm is also unlocking value for all for stakeholders. And in the next five …

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 …

Aregbesola lauds Omoluabi Mortgage Bank’s prowess

Osun State Governor, Ogbeni Rauf Aregbesola has lauded the managerial prowess of the Board and Management of Omoluabi Mortgage Bank Plc., for recording astronomical growth across all lines in the 2017 financial year.

The governor described the performance in the …

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