Lagos can generate N1tn annually from property tax — Oyedele
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that Lagos State has the capacity to…
Real Estate
The Nigerian luxury real estate market is getting a significant boost from increasing number of wealthy individuals; we bring you all the updates, news and analysis
Sanwo-Olu unveils 233 new housing units in Lagos
Governor Babajide Sanwo-Olu of Lagos State on Friday inaugurated 34 blocks comprising 233 housing units at the Abraham Adesanya Housing Estate in…
Lekki mansion used for ‘Canadian loud’ storage forfeited to FG
A Federal High Court in Lagos has ordered the final forfeiture of a property in the Lekki area of Lagos, declaring it…
Nigeria’s real estate market to hit $3.41tn by 2029 – Report
The Nigerian real estate industry is projected to increase significantly, reaching $3.41 trillion by 2029. Based on a recent Statista Market Insights…
94% of properties in Lagos without title – Stakeholders
Stakeholders in the building industry have disclosed that 94 per cent of properties in Lagos State do not have legal titles. This…
Stakeholders calls for housing budget review
Stakeholders in the housing sector have called for a review of the 2024 housing budget to meet up with current realities. The…
Housing Ministry, APDC partner for Renewed Hope projects
The Abuja Property Development Company and the Ministry of Housing and Urban Development are considering collaborating to handle the sales of homes…
Lekki Gardens pays back N3.5bn bond
Global Credit Rating, the top rating agency for the financial industry, has verified that Lekki Gardens Estates Limited, one of Nigeria’s top…
Developers must have authorization letters – Lagos agency
Before starting construction on any building in the state, developers are required to get a letter of authorization from the Lagos State…
Developers lament price surge, failing revenue
Developers are worried about how growing building material costs may affect their bottom line. The PUNCH stated that, during the launching of…
Lagos budget allocation can’t meet housing gap – Commissioner
Lagos State’s Commissioner for Housing, Moruf Akinderu-Fatai, has said budgetary allotments are insufficient to meet the state’s housing shortage. According to The PUNCH,…
FMG boosts efforts to fulfil housing demands
In order to satisfy Nigerians’ need for housing, the Federal Mortgage Bank of Nigeria has stated that it is prepared to restructure…