Month: August 2018

#PropertyNews: Family Homes Fund: Investing to provide homes and jobs

The Fund aims to support the development of over 500,000 homes and create 1.5m jobs for Nigerians, by 2023.

via Family Homes Fund: Investing to provide homes and jobs — Premium Times Nigeria

#PropertyNews: Nigeria- Averting Incessant Building Collapse

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A four-storey building still under construction collapsed on August 17 in the Federal Capital Territory, Abuja, killing three persons and injuring about 18 people. Located at the IT Igbani/NBRRI road, Off Obafemi Awolowo road, Jabi, Abuja, the building was temporarily abandoned for over 15 years before the said owner commenced reconstruction at the site this year.

Acting President, Yemi Osinbajo, who visited the scene of the incident, described the collapse of a four-storey building as very unfortunate, the Minister of Federal Capital Territory (FCT), Musa Bello sympathized with those who lost their loved ones and called on the security operatives to apprehend the contractor handling the project.

The spates of building collapse in Nigeria in recent times have assumed a very worrisome dimension as many lives were lost and huge investments wasted.

Building collapse incidence is still regularly occurring despite the fact that there has been an increase in the diffusion of engineering knowledge over the years. Building collapse could be attributed to many factors including structural defects, poor supervision or workmanship, use of substandard materials, faulty structural design or absence of structural design, carelessness, weak and faulty foundation, illegal conversion, non-compliance with approved building plans or disregard for building regulations among others. Read more…

#PropertyNews: Architects council unveils measures to curb building collapse

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The Architects Registration Council of Nigeria (ARCON) has thrown its … It is also to ensure that only registered firms submit designs for planning and … Read more..


#PropertyNews: 149 buildings stand distressed in Lagos as 40 demolished

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Some 149 buildings are said to be standing distressed across Lagos State, as government confirmed the demolition of 40 structures in a move aimed at averting collapse and resultant loss of lives and property of residents. Rotimi Ogunleye, the state commissioner for physical planning and urban development, who confirmed the figures while speaking… View Article The post 149 buildings stand distressed in Lagos as 40 demolished appeared first on BusinessDay : News you can trust.

via 149 buildings stand distressed in Lagos as 40 demolished — Nigeria Today

#PropertyNews: Enugu government plans to provide affordable housing

Enugu State Housing Development Corporation (ESHDC) said it is poised to compete favourably with its contemporaries in the private sector of the Real Estate Sector, with a view to providing affordable housing to the public. General Manager of the Corporation, Mr. Chukwuemelie Agu, disclosed this while commissioning an office outlet at the Departure Lounge of […]

via Enugu government plans to provide affordable housing — Nigeria Real Estate

#PropertyNews: ARCON plans enforcement unit, begins project registration


To eliminate quackery in architectural practice, Architects Registration Council Of Nigeria (ARCON) has announced plans to set up an enforcement and compliance unit, which will ensure that only registered members handle architectural projects in the country.

The council in a statement said that the measures would be in consonance with the extant laws and complement the content and spirit of the National building codes.
According to ARCON President, Sir Dipo Ajayi, the unit will ensure that only professionals with the requisite knowledge and expertise of the building process are engaged to carry out building projects and are duly governed by the various Acts in the statute books.

“The Council is working in concert with other interest groups to get the built environment properly policed to avoid or reduce to the barest minimum the issue of building collapse and its attendant effect on the developer and the national psyche,” he said… via guardian.Read more

Babatunde Fashola flags-off N22.7b Jada town road construction — Nigeria Real Estate

Jada town – The minister of Power, Works and Housing, Babatunde Raji Fashola yesterday, flagged-off the 112km dilapidated Jada town road, which leads to former Vice President Atiku Abubakar’s hometown, at the cost of N22.7bn. 39 more words

via Babatunde Fashola flags-off N22.7b Jada town road construction — Nigeria Real Estate

#PropertyConnect Editorial: Investment Phobia – How to Overcome Your Fear of Real Estate Investing

Many of the most worthwhile things in life are scary at first. Investing is no exception. Investment Phobia, simply put is the fear of investing. The thought of possibly losing money is a terrifying prospect. 39 more words

via Investment Phobia: How to Overcome Your Fear of Real Estate Investing — Nigeria Real Estate

#PropertyNews: Obaseki launches Edo-BEST, housing estate, others in canada

In a concerted effort to get the buy-in of the state’s Diaspora community, Edo State Governor, Mr. Godwin Obaseki, will be showcasing the revolutionary Edo Basic Education Transformation (Edo-BEST) programme and the 1800-unit Emotan Gardens project, among other growth and development enablers at the Edo National Association Worldwide (ENAW) Convention in Canada. 19 more words

via Obaseki launches Edo-BEST, housing estate, others in canada — Nigeria Real Estate

#PropertyNews: Housing estate residents in Edo State experiences gully erosion

Being a property owner comes with some prestige and swag in Nigeria, especially when the property is sited in a private developed estate or Government Reservation Area (GRA); but for landlords of Government Housing Estate, Iguosa, Edo State, they are staring nightmare in the face as their cherished property is at the risk of being…

via Housing estate residents in Edo State experiences gully erosion — Nigeria Real Estate