Tuesday , 15 July 2014
Headlines
- NMRC begins operations set January 2015 for first refinancing
- UPDC begins construction of Calabar Golf Estate
- RICS appoints first female president
- LagosHOMS produces 131 fresh homeowners, Fashola plans to waive 30% equity contribution
- Nigeria GDP rebasing cuts 2013 growth to 5.49 pct
- Lagos State is executing 205 roads – Fashola
- The Pension Fund Administrators have invested N228.3bn in real estate #Nigeria
Category Archives: Insights Feed Subscription
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Recovery prospects high as global house price boom jumps in Q1 2014 by Chuka Uroko
Global house price boom which happened in most markets in 2013 gathered pace in the first quarter of this year (Q1 2014) and averaged 20 percent price rise, raising prospects of recovery for the markets that literally went on their knees during the global economic recession. Within this period, prices rose in 31 of the 45 housing markets which have... Read more »
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Persisting Cement Price Hike: Prospective Home owners Lament misery
Despite the fact that Nigeria’s four major cement companies (Dangote Cement, Lafarge, Ashaka and CCNN) reported a 23 percent growth in full-year 2013 revenues to N522.5 billion, as growing economic activity fuelled demand for the building material. Prospective homeowners and property developers are lamenting about the hardship they presently face, as a result of the persisting rise in the cost of... Read more »
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World Economic Forum on Africa: Forging Inclusive Growth, Creating Jobs
“For Africa to remain relevant, we need to adequately educate our people, as it is through education that we can unlock the potential of our youth to enable Africa to compete globally, and create jobs in the new knowledge economy.” – H.E. Dr Goodluck Ebele Jonathan, President of Nigeria Africa’s remarkable growth trajectory is projected to remain above 5 per... Read more »
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WEF on Africa 2014: Positioning Nigeria for infrastructure investment
In 2008, when Kingsley Eze, a Nigerian entrepreneur, met with Norman Markgraaff in South Africa to explore partnerships in real estate projects in Nigeria, it was clear to both parties that he was swimming against the tide. Corruption and 419 fraud letters hung like a halo over Nigeria. Boko Haram was yet to join the mix. As Chief Executive of... Read more »
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NMRC and Lagos HOMS: A Tale of Two Mortgage Systems
An insight on Nigeria Mortgage Refinance Company and Lagos Home Ownership Scheme If the current tempo continues, 2014 may eventually go down as the year of the mortgage revolution in Nigeria. In January, the Federal Government launched the Nigeria Mortgage Refinance Company (NMRC) while the Lagos State Government last week, kicked started the Lagos State Home Ownership Scheme (Lagos HOMS).... Read more »
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Nigeria overtakes South Africa as it emerges Africa’s Largest Economy in 2weeks
In two weeks Nigeria will release its rebased gross domestic product (GDP) statistics. The new numbers will show Nigeria’s GDP rising by 65 percent to $432 billion, meaning the country has overtaken South Africa as Africa’s largest economy. The figure confirmed by sources at the National Bureau of Statistics (NBS) suggests that the Nigerian economy has been hugely underestimated over... Read more »
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2013: Defining moment for the Global property market
Globally, the outgoing year was, indeed, a defining moment for the property market with many regions of the world, notably Africa, Asia, Europe, United Arab Emirate (UAE), etc, recording significant recovery and growth across various segments of the market. In Africa, particularly in sub-Saharan Africa including Nigeria, Ghana, Sierra Leone, Cote d’Ivoire, among others, 2013 saw continued growth driven by demographics,... Read more »
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Nigeria’s Real Estate: Facts, Myths and Where to Find Opportunities in 2014
Arguably, 2013 could be regarded as a good year for Nigeria’s Real Estate Industry. The successes were not those worth a tea party, but the stories definitely are worth telling. While some analysts observed that the industry nose-dived to some extent in 2013, none disagreed that the market remains one of the safest havens for investments in 2014. One of... Read more »
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GDP rebasing forecast to rank Nigeria’s GDP above South Africa
Speaking at the just concluded CBO Annual Investors Conference, Dr. Kingsley Moghalu deputy governor of the Central Bank of Nigeria (CBN), financial system stability has stated that the rebasing of Nigeria’s Gross Domestic Product is a welcomed idea and is necessary and at the same time beneficial to the economy. Expectations from rebasing the GDP is high with sources citing... Read more »
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Sub-Saharan Africa to grow 6 percent next year: IMF
(Reuters) – Sub-Saharan Africa’s economic growth is expected to increase to 6 percent in 2014, from 5 percent this year, supported by investment in infrastructure and production capacity, the International Monetary Fund said on Thursday. The IMF had predicted in May that the region would grow 5.7 percent this year and 6.1 percent in 2014. It said the slight downward... Read more »
