House Build

Common Issues in Property Management

Property management is the process of supervising the ownership interest of the landed property to ensure value accretion and returns on investment. This involves providing the day-to-day oversight of the property in the areas of tenancy administration, rent collection, maintenance, and more. Managing a property can be arduous for even the best property managers as [...]

Lagos Infrastructure Updates

Infrastructure provision is a focal point in fulfilling the 'Greater Lagos' mandate and promoting a greener future as the Lagos State government continues to splurge on an infrastructure overhaul and upgrade. Under the Traffic Management and Transportation pillar of the Lagos State strategic development agenda established 4 years ago, infrastructure provision is a focal point [...]

Cash Crunch: The effects on Nigeria’s real estate market

Nigeria’s economic strength is tested as citizens and businesses grapple with the negative impacts of the current cash crunch The Central Bank of Nigeria (CBN) recently embarked on several policy reviews to tame the rising inflation and protect the Naira. The reviews include: Raising the monetary policy rate (MPR). Launching the Naira4Dollar scheme. Adopting the [...]

Flooding and the Nigeria property market

The built environment has barely survived as more than 300,000 houses in exposed and vulnerable locations are inundated. At least 20 states in Nigeria have been ravaged by the severe flooding occasioned by the release of the excess water off Cameroon’s Lagdo dam. City centres and communities in Borno, Jigawa, Niger, Bayelsa, and Kogi states, [...]

Bridging the housing deficit in Lagos through PPP

The need for mass housing to meet rising demand, particularly from the growing younger demography, cannot be overstated. With its teeming population and daily influx of people, Lagos State accounts for a significant portion of Nigeria's estimated 17 million housing deficit. The need for mass housing to meet rising demand, particularly from the growing younger [...]

CBN raises MPR: What’s in it for Nigeria’s housing market?

CBN's recent MPR benchmark raise from 11.5% to 13% will likely spike the cost of bank borrowing at around 30% APR. Following the CBN's recent Monetary Policy Rate (MPR) benchmark raise from 11.5% to 13%, the cost of bank borrowing from commercial banks is now projected at around 30% APR. The unaffordability nature of Nigeria's [...]

Local retail expansion update

The last 3 years have been challenging for Nigeria's retail market The last 3 years have been challenging for Nigeria's retail market as the nation grappled with market volatility, rising inflation, and insecurity. While some retail players have slowly recovered from the dark days of xenophobia, city protests, and lockdown restrictions, a few are yet [...]

Data centres everywhere

Undoubtedly, the Lagos real estate market is fast becoming tech-driven. Undoubtedly, the Lagos real estate market is fast becoming tech-driven. Recent weeks have seen the launch of 2 new data centres in Lagos. This speaks volumes about the positioning of the Lagos market for digital infrastructure opportunities, with the State's teeming population and technology [...]

Tags: House Build

Common Issues in Property Management

Lagos Infrastructure Updates

Cash Crunch: The effects on Nigeria’s real estate market

Flooding and the Nigeria property market

Bridging the housing deficit in Lagos through PPP

CBN raises MPR: What’s in it for Nigeria’s housing market?

Local retail expansion update

Data centres everywhere

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