To stem the myriads of problems hindering private sector-driven housing supply, property developers plan to begin talks with states in the Southwest region to arrest the situation.The move comes on the heels of current national housing policy...View details
Following the National Economic Council (NEC) approval of the construction of 300,000 mass housing units in all the states of the federation and the Federal Capital Territory (FCT), major players in the built environment have submitted proposal...View details
Today we turn our attention to Nigeria’s real estate sector. The underperformance of this sector is largely hinged upon the low level of effective demand for housing. Affordable housing seems unobtainable and given the squeeze in...View details
By Timileyin Omilana 05 August 2020 | 11:37 am Lagos State Government has cancelled the 2018 land use charge and reverted to pre-2018 land use charges.The state commissioner for finance Rabiu Olowo announced this at a press...View details
Stamp Duty: Taxes On Property Transanctions To Increase Over 23.5%, Bad For Economy, Say Real Estate Professionals.
Nigeria’s real estate professionals are distraught by the federal government’s proposed introduction of stamp duty on property transactions. They believe it is bad for the economy and want the National Assembly to stop its...View details