Sunday , 30 March 2014
Headlines
- SEC targets 10 million investors
- Toll collection on Ikoyi-Lekki bridge will continue despite court order- AG Lagos
- Lekki-Ikoyi toll illegal court says
- New Lagos Computer Village requires 20 Billion Naira
- EHINGBETI 2014: Powering the Lagos Economy: Real Opportunities, Endless Possibilities
- Nigerian Economic Summit to focus on Education
- Construction of 2nd Niger Bridge kicks off
Category Archives: World Feed Subscription
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Brazil ignores World Cup costs to lift housing
The Brazilian government isn’t letting an economic slowdown, the World Cup or the Olympics get in the way of its efforts to help everyone from slum dwellers to young professionals buy homes. Bloomberg News reported that President Dilma Rousseff is using federal subsidies and state-bank loans to boost housing after economic expansion slowed for a second year in 2012 and... Read more »
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Return of 100% Home Financing | Wall Street Journal
Some affluent buyers are getting the keys to their new home without putting a penny down. It’s 100% financing—the same strategy that pushed many homeowners into foreclosure during the housing bust. Banks say these loans are safer: They’re almost exclusively being offered to clients with sizable assets, and they often require two forms of collateral—the house and a portion of... Read more »
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Silicon Savannah: Kenya begins construction of ‘silicon’ city Konza
Kenya’s president has launched a $14.5bn (£9.1bn) project to build a new city intended to be an IT business hub and dubbed “Africa’s Silicon Savannah”. It will take 20 years to build Konza Technology City about 60km (37 miles) from the capital, Nairobi. It is hoped that more than 20,000 IT jobs will be created in Konza by 2015, and... Read more »
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Europe real estate remains the most favorable say Ernst & Young
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 »
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‘Sellers may not renovate homes for sale’v
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 »
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‘30% of US home owners have no mortgage’
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 »
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Singapore property prices rising despite govt curbs
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 »
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UK sales, rental markets face challenges
The United Kingdom’s housing market is inextricably linked with the country’s economy and both need a boost if they are to grow in 2013 reports Propertywire.com On the horizon, there are good points and bad points to consider. Fourth quarter GDP growth is likely to be poor and now there is speculation about a triple dip recession. Surveys of both the... Read more »
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Resort gets approval to disburse N165m NHF loans
Resort Savings and Loans Plc has secured the approval of the Federal Mortgage Bank of Nigeria to disburse N165.2m National Housing Fund loans to mortgage loans applicants. This, according to a statement made available on Friday, is coming at a time the bank has equipped itself with state-of-the art infrastructure and has also established a network of branches in strategic... Read more »
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45 new infrastructure projects this year in Dubai
3INVESTONLINE – DUBAI Roads and Transport Authority (RTA) has allotted a Dh6.242 billion budget for 2013, which is divided into an operational budget of Dh3.022 billion and capital and a project’s budget of Dh3.22 billion. The authority continues to focus on further developing the infrastructure of the emirate, with 45 new projects to begin this year, while 55 existing projects... Read more »
