Friday , 28 March 2014
The National Assembly is set to pass the bill on social housing, now in its final stages at the federal legislature, into law. Chairman, Senate Committee on Housing & Urban Development, Senator Abba Bukar Ibrahim, disclosed this at a one-day seminar on Social Housing organised by the Forum of Advocates on Social Housing (FASH), recently in Abuja. The social housing... Read more »
The climate is looking more favourable for real estate investment in Europe with many viewing the Eurozone debt crisis as a potential stimulus for activity, a new survey shows. Among more than 500 real estate investors across 15 countries in Europe surveyed in late 2012 by Ernst & Young there is a change in perception that is likely to boost... Read more »
Global real estate investment volumes in 4Q 2012 rallied, with $141billion transacted over the quarter to lift 2012’s total preliminary volume to $436 billion, according to Jones Lang LaSalle capital markets research from 60 countries. The real estate investment volumes in 2012 represented a slight increase on 2011’s $435 billion, and a 36 per cent increase over 2010.The strong quarter... Read more »
3INVESTONLINE – Plans at meeting the water needs of Lagos residents, especially, those in the suburbs and blighted areas are on course, the Managing Director, Lagos Water Corporation (LWC), Mr. Shayo Holloway, an engineer, has disclosed. The plans, he said are in line with the Water Master Plan put in place by the Lagos State Government. He disclosed that the... Read more »
It is now common to see completed housing schemes initiated by the Lagos State Government unoccupied. Dozens of such unoccupied housing units exist in locations such as Gbagada, ijaye/Ojokoro, Ikorodu, Epe, Igando and Agege among others, giving passers-by the impression that the dwelling units have not been able to attract buyers due to high cost, considering the unfavourable financial climate... Read more »
Lagos State Governor, Mr. Babatunde Fashola, has disclosed plans to construct 1008 housing units in Ijora/Iganmu, area of the metropolis this year. If the plans come into fruition, Ijora/Iganmu neighbourhoods will come alive and become be the largest concentration of modern housing units in recent times since the construction of 1004 Estate three decades ago. Read more »
3INVESTONLINE -Three months after the demolition of 500 housing units at Minanuel Estate in Abuja, its developer and subscribers are yet to get any succor or compensation from the Federal Government. Against this background, the subscribers of are calling on the Chairman, Senate Committee on FCT, Senator Smart Adeyemi, to prevail on the FCT minister to compensate them having lost their... Read more »
Competition among sellers for mortgage ready or cash buyers looks set to remain fierce in many markets in 2013, it is claimed. One option for sellers is to prepare their property for sale by spending a few thousand pounds, offering prospective buyers a ‘ready to move into, little to do’ experience as many buyers having to put their cash towards... Read more »
Almost 21 million Americans, or 29.3 per cent of home owners, own their homes outright, unencumbered by a mortgage, according to the most recent figures to be analysed by Zillow. Taking figures for the third quarter of 2012, Zillow found that 20.6 million home owners nationwide owned their homes free and clear of mortgage debt, Propertywire.com reported on Friday. Read more »
The prices of new homes in Singapore increased to a new record by 1.8 per cent in the fourth quarter of 2012, the latest figures from the Urban Redevelopment Authority show. On an annual basis, prices increased by 2.8 per cent, much less than the 5.9 per cent increase in the previous year, according to a report by Propertywire.com. Read more »