PROPERTY TRANSACTION GUIDE
NIESV to educate investors on real estate market
By CHINEDUM UWAEGBULAM, ASSISTANT HOUSING & ENVIRONMENT EDITOR
Guardian, Monday, 6th February, 2012
Not many people have passion for their career, but Bolaniran Akinribido, popularly known as Bola Bido is quite different. He enjoys his profession in engineering, ranks as one of those outspoken individuals that chart the course of the society. Currently, working as the coordinator, Project Management Office (PMO) at the Nigerian Airspace Management Agency (NAMA), he joined Ikeja branch of the Nigerian Society of Engineers (NSE) in 1996 and served in various committees. Firstly, starting as the Secretary to the Technical Committee in 1996. ...More
NIESV to educate investors on real estate market
By AKINPELU DADA
Punch, Monday, 30th January, 2012
The Nigerian Institution of Estate Surveyors and Valuers’ Learning Centre is set to educate the citizens on the essence of the real estate industry and how the dynamics in the economy will affect their investments this year....More
Expert predicts stunted real estate industry in 2012
By AGENCY REPORTER
Punch, Monday, 23rd January, 2012
A former President, Nigerian Institute of Town Planners, Alhaji Waheed Kadiri, has said that the real estate industry may not record significant progress this year due to the current state of the economy....More
Govt begins validation of revised national housing, urban development policies
By Nkechi Onyedika, Abuja
Guardian, Monday, 2nd January, 2012
THE Federal Government has started the validation of the revised National Housing Policy and the National Urban Development Policy for the country....More
Firm adopts cladding as new strategy in property business
By Editor Property
Guardian, Monday, 19th December, 2011
THE new trend in the business world is gaining momentum in Nigeria, especially, in the retail related businesses. Caught up with cladding as a means of attracting customers, business premises in the Central Business Districts (CDBs), either in the Lagos Island, Ikeja and even Ikoyi and others, wall cladding seems to become a rule rather than exemption....More
Architects see negative effects of fuel subsidy removal on housing
By TOSIN FODEKE
Guardian, Monday, 12th December, 2011
AS the debate over the imminent removal of fuel subsidy by the Federal Government rages on, consulting architects have warned that the building industry will be worst hit by the policy if implemented....More
Building, safety experts endorse Nigerite’s autoclave boards
By Akinpelu Dada
Punch, Monday, 5th December, 2011
Professionals in the building construction and safety industries have endorsed a new fire resistant product recently introduced by Nigerite Limited....More
Beware of climate change risk from air con, fridge gases, warns UN
From Leo Sobechi, Abakaliki
Guardian, Monday, 28th November, 2011
SOARING use of man-made gases used in refrigerators, airconditioners and fire extinguishers risks speeding up global warming and industry should adopt alternatives, a UN report said on Monday....More
CBN releases new guidelines for mortgage operations
By CHINEDUM UWAEGBULAM
Guardian, Monday, 21st November, 2011
AMID stunning revelations that the housing finance sector contributes less than one per cent to the Gross Domestic Product (GDP), the apex financial institution has announced new sweeping changes in the mortgage sector in a new guidelines approved by the Federal authorities....More
Experts highlight challenges of affordable housing
By Ronke Badmus
Punch, Monday, 14th November, 2011
Affordable housing provision is a major issue confronting stakeholders in the built environment in the country. RONKE BADMUSwrites on the need to look inwards for indigenous building materials and technologies....More
NIOB harps on strengthening indigenous builders
By Chukwuma Okparaocha
Tribune, Monday, 7th November, 2011
In continuation of its goal of creating a viable capacity for indigenous construction firms and builders in the country, the Nigerian Institute of Builders (NIOB), has further stressed the importance of giving every necessary support for the sustainability and success of indigenous construction firms in the country....More
Estate surveyors, insurance firms plan alliance on building insurance scheme
By CHINEDUM UWAEGBULAM
Guardian, Monday, 31st October, 2011
IN the wake of the recent moves to begin enforcement of the compulsory insurance scheme, the umbrella body for estate surveyors and valuers has set the stage for a partnership between insurance firms and members of the profession....More
AU’s housing finance group pledges sustainable mortgage markets
By CHINEDUM UWAEGBULAM
Guardian, Monday, 24th October, 2011
AS the mortgage operatives continue to search for means of restoring confidence of the populace in the homeownership system, a continental group has affirmed its commitment to the development of sustainable housing finance markets that address the broad spectrum of needs in each of the countries and regions throughout Africa....More
Lagos approves more low cost housing schemes
By KAMAL TAYO OROPO
Guardian, Monday, 17th October, 2011
PLANS by the Lagos authorities to tackle accommodation shortages and its attendant high cost of rent are in the offing, as the government has proposed the construction of more low cost housing estates in the state.....More
How emerging technology can boost low-cost housing delivery
By A.C. OGBONNA
Guardian, Monday, 10th October, 2011
Technology sought must be capable of assembling residential units at the right cost, quality, numbers, and time while remaining sustainable, argued A.C. Ogbonna, a Senior Lecturer at the Project Management Technology Department, Federal University of Technology, Owerri....More
Home prices, sales to rise slightly in 2012
By Agency Reporter
Punch, Monday, 3rd October, 2011
Thirteen single-family homes and condominiums have sold and closed escrow in the Malibu area in September. This is way down from July and August....More
Group proposes concrete makers’ association to reduce collapse
By Ronke Badmus
Punch, Monday, 26th September, 2011
The Building Control Prevention Guild, a non-governmental organisation fighting against building collapse has proposed an association for people involved in concrete making in Nigeria....More
Nasarawa, UN-HABITAT hold talks on cities’ structure plans
By Editor Property
Guardian, Monday, 19th September, 2011
EFFORTS to adopt sustainable long-term development strategies for Nigerian cities have shifted into top gear in Nasarawa State, where local stakeholders in four urban centres have pledged their support for planning proposals that will guide their growth over the next two decades....More
80% high-rise buildings in Central Lagos not safe, says ACEN chief
By CHINEDUM UWAEGBULAM
Guardian, Monday, 12th September, 2011
WITH ripples yet to settle on the collapse of the Bank of Industries (BOI) building, fresh facts have emerged that 80 per cent of high rise buildings in Central Lagos are not properly protected from fire incidents; as some owners are scared of bearing the expense of retrofitting fire protection, since the requirement did not exist when the building was originally constructed....More
Minister, estate surveyors hold talks on housing rejuvenation
By CHINEDUM UWAEGBULAM
Guardian, Monday, 22nd August, 2011
A NEW initiative to promote youth employment using housing and construction sector is being championed by estate surveyors, in a bid to arouse the interest of the federal authorities in the challenges confronting the sector....More
Collapse: Body seeks special agency to assess building materials
By AKINPELU DADA
Punch, Monday, 15th August, 2011
Worried by the incessant collapse of buildings in the country, a newly formed advocacy group, Building Collapse Prevention Guild, has called on the Federal Government to set up a special agency that will be solely responsible for quality monitoring of building materials.....More
How Lagos Mega City can be regenerated - Experts
By AKINPELU DADA
Punch, Monday, 8th August, 2011
For Lagos to realise its dream of becoming one of the most sustainable mega cities in the world, town planners and the state government have major roles to play. AKINPELU DADA writes that stakeholders have identified how the city can regenerate itself....More
NIOB canvasses urgent, full implementation of National Building Code
By TUNDE ALAO
Guardian, Monday, 1st August, 2011
PIQUED by the recurring incidences of building collapse in some parts of the country and the need to develop, as well as, protect locally available raw materials for building purposes, the Nigerian Institute Of Building (NIOB) has renewed its call for immediate and full implementation of the nation’s building code....More
Checking indiscipline in Nigeria’s building sector
By STANLEY OPARA
Punch, Monday, 25th July, 2011
Over the years, the Nigerian building sector has been subjected to a lot of abuses, which have resulted in mishaps such as building collapse. STANLEY OPARA writes on the need for positive turnaround for the sector....More
Developer seeks policy review in building industry
By Akinpelu Dada
Punch, Monday, 18th July, 2011
The Chief Executive Officer, Redbricks Nigeria Limited, owners of Amen Estate, Mr. Babatunde Gbadamosi, has called on the various tiers of government to remove all policy frameworks that impede affordable housing provision in the country....More
Building industry must be reorganised, revitalised, says Towry-Coker
By Tosin Fodeke
Guardian, Monday, 11th July, 2011
WORRIED about the appalling state of the housing sector in the country, one of Nigeria’s best brains in architecture and former Lagos State Housing Commissioner, Dr. Lanre Towry-Coker has urged the Federal Government to reorganise and revitalise the building industry as a means of providing strong leverage for housing construction in the country....More
How to attract investors, attain sustainable building industry, by experts
By Tosin Fodeke
Guardian, Monday, 4th July, 2011
AS vital as the building industry is to the nation’s economic drive, the sector will continue to perform below expectation in boosting the country’s investment if the built professionals fail to embrace and employ emerging technologies in the comity of nations, experts in various fields have said....More
Experts advise estate surveyors on facilities management
By Akinpelu Dada
Punch, Monday, 27th June, 2011
Estate surveyors and valuers in the country need to improve on their knowledge of and competencies in facilities management if the emerging profession is not to be taken over by other professionals.....More
‘Low insurance awareness impeding housing sector growth’
By Stanley Opara
Punch, Monday, 20th June, 2011
The low level of insurance penetration and awareness in the country is having a negative effect on the growth of the housing sector, which is currently facing huge financial challenges.....More
‘97% of Nigerian land is dead capital’
By Emeka Ezekiel
Punch, Monday, 13th June, 2011
The Nigerian Institution of Surveyors has described as "dead capital," about 97 per cent of land across the country.....More
Dangote cuts cement price to N1, 600
BY CHINEDUM UWAEGBULAM
Guardian, Monday, 6th June, 2011
ANTICIPATION that cement price will crash, following a directive by President Goodluck Jonathan to the operatives to reduce cost of the products may have hit the rocks as Dangote Cement Plc, a major manufacturer, has unveiled a new price regime review, which pegged its prices to N1, 600 per 50 kilogramme bag....More
Addressing poor maintenance culture with facility management
By Stanley Opara
Punch, Monday, 30th May, 2011
The poor management of physical assets has continued to pose huge threats to the nation’s construction industry. STANLEY OPARA looks at the need for good maintenance culture by developers and facility owners to save the huge resources lost to avoidable wear and tear in the country. The operation, maintenance and security of physical infrastructure by contractors are critical to the longevity of construction work in most parts of the world, and Nigeria is no exception....More
Why Nigeria needs a professional, not politician as housing minister
By Stanley Opara
Guardian, Monday, 23rd May, 2011
Always the ministry leadership does not have an idea of the importance of housing to the overall economy, but has vigorously focused mainly on their own agenda, which unfortunately included inefficient practices, writes ROLAND IGBINOBA, a housing specialist. He argues that the next Minister of Housing and Urban Development should be a professional with requisite knowledge and competence in the provision of housing to the citizenry....More
Graduates urged to build career in site engineering
By Stanley Opara
Punch, Monday, 16th May, 2011
Unemployed graduates in the country have been advised to consider building a career in construction site engineering as a result of the dearth of skilled workmen in the area....More
Nigerian cities vulnerable to flooding - Expert
By Agency Reporter
Punch, Monday, 9th May, 2011
A researcher has said that urban slums in the country are among the most vulnerable areas to flooding....More
Govts, business leaders must unite in joint action to stop forest loss
By EDITOR PROPERTY
Guardian, Monday, 2nd May, 2011
POLICYMAKERS and business leaders must quickly back a bold target to stop forest loss as part of efforts to conserve biodiversity and fight climate change, according to a new WWF report....More
Political turmoil may boost UAE property markets
By Agency Reporter
Punch, Monday, 25th April, 2011
Property markets in Dubai and Abu Dhabi are set to benefit from the political turmoil in other parts of the Gulf region and Middle East as they will be seen as safe havens, it is claimed.....More
Lagos plans new towns, development guide for excised communities
By TUNDE ALAO
Guardian, Monday, 18th April, 2011
APPARENTLY in order to decongest metropolitan centre and ensure even development of the state, the Lagos government is making fresh moves to create new towns and orderly development of the state’s six geo-political zones....More
‘Only 20% of state capitals have development plans’
By Akinpelu Dada
Punch, Monday, 11th April, 2011
Presently, less than 20 per cent of all state capitals and major urban centres across the country have any form of physical development plan to guide their growth....More
French firm plans roofing academy for Nigeria
By Sunday Ojeme, Abuja
Punch, Monday, 21st March, 2011
A France-based roofing sheet manufacturing company, Onduline, has concluded arrangements to set up a roofing academy in Nigeria. The decision is to train interested Nigerians on the installation of the Onduline-roofing system, which is different from the conventional roofing system.....More
Cement: NIA urges stakeholders to cushion effects of price increase
By Samson Echenim
Punch, Monday, 14th March, 2011
The Nigerian Institute of Architects has called on the relevant authorities to cushion the effects of cement price increase to aid the growth of the construction industry.....More
Property prices set to soar as insurance law comes into force
BY TOSIN FODEKE
Guardian, Monday, 7th March, 2011
FRESH fears enveloped the building industry last week, following the commencement of an Insurance Act that makes it mandatory for property owners or contractors to insure building of more than two floors in respect of construction risks.....More
Commission plans new guidelines on infrastructure concessions
BY TUNDE ALAO
Guardian, Monday, 28th February, 2011
AFTER encountering hitches in the government’s concession programme, Infrastructure Concession Regulation Commission (ICRC) has begun moves to fashion out a new guideline for the Public Private Partnership (PPP) scheme....More
New innovations drive plant and machinery valuation job, says expert
BY TOSIN FODEKE
Guardian, Monday, 14th February, 2011
FOR Nigeria to compete favourably with global standards in machinery, equipment and business asset expertise, the former Chairman Anambra State Land Use and Allocation Committee, Mr. Godson Ifediora has suggested wider embrace of technology and other professional practices, which would drive the sector...More
Leading global real estate markets showing signs of recovery
Guardian, Monday, 24th January, 2011
LEADING real estate markets that were hard hit at the height of the global economic downturn are now showing positive signs of recovery, according to a new report...More
Property, rent costs in Lagos rise
By Samson Echenim
Punch, Monday, 17th January, 2011
In spite of the prevailing credit crunch in the polity, prices of houses in Lagos have gone up in the New Year, especially in the mainland axis of the state....More
Cement price skyrockets as scarcity looms
By EMMANUEL BADEJO AND TOSIN FODEKE
Guardian, Monday, 10th January, 2011
DREAMS of lower construction costs by many prospective homeowners may have once again become a nightmare, going by fresh increases in the prices of cement-based product by middlemen in anticipation of price review by manufacturers after the imposition of 35 per cent duty and levies on imported cement....More
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