1+ day, 5+ hour ago   (424+ words) Cheap land on the outskirts of Lagos and Abuja will not necessarily translate to affordable homes because developers still have to absorb infrastructure, construction and financing costs, according to Michael Onyeachor, co-founder of Besitz Group Limited. Onyeachor said this during…...

6+ day, 13+ hour ago   (1090+ words) Nigeria’s real estate development market is made up of a wide range of players, but a smaller group stands out for the scale of projects delivered and the breadth of their presence across major urban centres. Fortren & Company’s ranking of…...

1+ week, 1+ day ago   (1558+ words) Last year, a developer in Akoka, Yaba, began blockwork three weeks after obtaining his LASPPPA Planning Permit. LASBCA officials arrived and sealed the site because he did not have a Letter of Authorisation to Build or the required green sticker....

1+ week, 1+ day ago   (483+ words) Following the launch of the federal government’s $1 billion Port Modernization Programme, which promises to impact mostly Nigeria’s South-South region, there has been a trigger of a major real estate boom across the region, driving up industrial property values while fueling…...

1+ week, 5+ day ago   (1041+ words) As Lagos continues to grow and available land becomes increasingly constrained, the way homes are developed across the city is also beginning to change. In some of the state’s most sought-after locations, developers are looking upwards, creating high-rise residential communities…...

1+ week, 6+ day ago   (1082+ words) The cost of renting a home varies significantly across African cities, with the average annual rent for a high-end two-bedroom apartment exceeding $40,000 in the continent’s most expensive rental market, according to a report by Fortren & Company. The report compared rental…...

1+ week, 6+ day ago   (405+ words) Shortlet operators in Lagos may face increasing pressure as more properties enter the market, making scale, cost management and marketing important to remaining competitive, according to Temidayo Oloyede, Co-founder and CEO of Edala Development. Oloyede stated this during a question-and-answer…...

2+ week, 6+ day ago   (512+ words) Victoria Island is expected to deliver more than 602 residential units in 2026 as developers continue to expand housing supply across the district. This is according to a report by real estate market intelligence platform, Estate Intel, titled Residential Pipeline Activity in…...

3+ week, 4+ day ago   (494+ words) The Federal Government has commenced construction of 250 housing units for federal civil servants in Dukpa, Gwagwalada, Abuja. The development was disclosed in a statement published on the website of the Ministry of Housing and Urban Development on Wednesday. The estate…...