Hong Kong Abolishes Property Curbs in Bid to Revive Housing Sector, Economy
In efforts to revive Hong Kong’s flagging housing market and broader economy, Financial Secretary Paul Chan announced in the annual budget address on Wednesday, February 28, 2024, that the government will scrap all property cooling measures, including additional stamp duties for foreign and
Six Dead as Two-Storey Building Collapses at Odu-Igbo Market
A grim scene unfolded at the Odu-Igbo Market in Onitsha, Anambra State, as a two-storey building collapsed, claiming the lives of at least six people. The incident, which occurred on Monday evening, sent shockwaves through the bustling commercial city. The building, still under
HDAN Congratulates New REDAN President, Exco, Urges Collaboration for Housing Solutions
Africa’s leading non-governmental housing advocacy organization, Housing Development Advocacy Network (HDAN) has extended congratulations to Akintoye Adeoye, the newly inaugurated president of the Real Estate Developers Association of Nigeria (REDAN), along with the newly elected executive members, on their victory. In a statement
Many houses affected as downpour, flood hit Lagos
Many residents of Nigeria’s economic nerve Centre were also stranded in their residential apartments and in their cars as major roads were submerged by flood after months of heat waves in the state. In a statement, the South West Coordinator of the National
Minister of Housing Vows to Tackle Soaring Building Material Prices
The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, has declared plans to establish a committee aimed at addressing the alarming surge in the prices of cement and other building materials. He disclosed this during a meeting with cement and building
Tinubu Approves N126bn For Housing Provision Nationwide
President Bola Tinubu has approved N126.5 billion for the delivery of a total of 100,000 houses nationwide in 18 months. This was disclosed by the Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, during the groundbreaking ceremony for 3,112 housing units as
Town Planners Charge Tinubu to Obey Urban And Planning laws In The Execution Of Renewed Hope Estates And States
The National President, Nigerian Institute of Town Planners, Mr Nathaniel Atebije, has commended President Bola Tinubu on the recent ground breaking of the Renewed Hope Cities in Karsana a suburb of the FCT. Mr. Atebije who gave the commendation on Thursday while addressing
FCT Agency Seeks EFCC’s Help To Stop Land Grabbers In Abuja
The Department of Development Control of the Abuja Metropolitan Management Council has called on the Economic and Financial Crimes Commission (EFCC) to come to its aid to tackle growing activities of land grabbers in the Federal Capital Territory. The agency made the call
Value of UK housing stock dropped by £27bn in 2023 as high costs hurt market
The UK’s housing stock has seen its first annual decline in value since 2012 after some £27bn was wiped off last year, according to new analysis, amid higher mortgage costs and pressure on household finances. Figures from property firm Savills showed that despite
Tenants Groan As FX, Interest Rate, Inflation Push Up Rents
The haemorrhaging economic condition in Nigeria is impacting negatively on various sectors including the real estate market and its supply chains. This impact is, in more ways defining the economy of the sector in the first quarter of 2024 as more renters groan
