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Showing posts with the label Real Estate News

Lagos Vows to Deal with Land Grabbers

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The Lagos State government has reiterated its commitment to deal with land grabbers, popularly known in local parlance as “Omo Onile”, causing havoc and unrest in different part of the State by disposing legitimate land owners of their properties. Speaking today at the Y2016 Ministerial Press Briefing of the Lagos State Government in commemoration of the first year in office of Governor Akinwunmi Ambode at the Bagauda Kaltho Press Centre, Alausa, the state Attorney-General and Commissioner for Justice, Mr. Adeniji Kazeem said the Government has set up a task force on the prohibition of land grabbers.

Property Bank, TrustBond Mortgage Launch ‘Rent actuation’ for Home seekers

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A leading real estate marketing brand, Property Bank, has launched an innovative rent product, “rent actuation” specially created for home seekers who cannot afford their rent at the moment. This innovation is achievable under a working agreement between Property Bank and TrustBond Mortgage Bank Plc, which offers 90 per cent to rent a house at any location in Lagos and Abuja. Property Bank is an online real estate marketing platform with a potpourri of properties covering residential, commercial, industrial properties, warehouses, and plots of land. Rent seekers who are currently unable to afford their choice of properties can now live in their choice houses by contacting Property Bank for options of houses selectable from the platform while TrustBond Mortgage Bank Plc will provide funding.

Defective Lekki Gardens Buildings to be Demolished- Ambode

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Lekki Gardens Urges Occupants To Vacate Premises …Sets Up Five Man Committee To Reorganise Building Control Agency Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday directed that stability test be conducted on all building constructed by the Lekki Gardens to ascertain their structural integrity, saying that any building found to be defective will be demolished. The Governor who addressed Government House Correspondents at the Lagos House, Ikeja, shortly after inspecting the site of the collapsed building which was under construction by the Lekki Gardens, said the incident which claimed 34 lives and left several others injured was “one building collapse too many”.

Address Homes woos Buyers with N2 Billion Lagos Estate

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Real Estate IF the projections of a Lagos–based estate construction company come to pass, the firm will by September this year, deliver a N2 billion estate comprising 30-unit estate of four-bedroom semi-detached homes located in the ambient neighborhood of Femi Okunnu, Lekki, Lagos. Tagged, ‘The Address Homes’, is a baby of Address Homes Limited and will on completion sit on a parcel of land, secured with registered deed of assignment title with Governor’s content. It is situated at less than two minutes’ drive from the Lekki -Epe Expressway, fifth roundabout, with proximity to the Lekki Shoprite, a mix of good schools, restaurants, shopping, centers and bars. The main contractors include Messrs Famous Construction Company Limited, Wassob and Play In Architecture, one of the foremost design firms in Nigeria currently pushing the boundaries of the real estate industry, according Mr. Oladimeji Audu, the Marketing Manager of Address Homes Limited.

Nigeria sees growth for demand in luxury residential property

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Real Estate WITH world’s ultra high net worth population growing, and real estate playing unique role of an investment opportunity, a new report forecasts that the ongoing shift in the wealth creation cycle from the West, and the growing significance of inter-generational wealth transfers will have significant consequences on the luxury residential real estate market, especially on new developments and a change in investment grade cities such as Lagos. The Wealth-X and Sotheby’s International Realty Global Luxury Residential Real Estate Report reveals that the future of luxury residential real estate looks highly promising and positive, with its tendency to gain in value faster than traditional real estate and its greater appeal to ultra high net worth (UHNW) individuals with inherited wealth as well as its reputation as a safe asset.