China’s Real Estate Crisis: The Story Behind Abandoned Mansions and Ghost Cities
The Chinese government’s ambitious plans for real estate have taken a haunting turn, with abandoned mansions and desolate developments dotting the landscape. The State Guest Mansions, once envisioned as opulent residences for the elite, now stand abandoned, inhabited only by roaming cattle and
$900bn dead capital locked up in real estate — PwC
PricewaterhouseCoopers Nigeria has said that it estimates that Nigeria holds as much as $900bn worth of dead capital locked up in residential real estate and agricultural land. The multinational professional services network stated this in a new report titled ‘Nigeria Economic Outlook: Seven
Lagos Real Estate Market Witnesses Significant Increase In prices Of Land in Magodo And Lekki
Recent data released by the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos branch, highlights a substantial upswing in land prices, activity, and interest within the Lagos property market. Over the past five years, Ogudu led in upper-profile growth at 275%, closely
Royal Palm Villa to Revolutionize Real Estate in Akwa Ibom with Tech-Driven, Green Compliant Homes
In a groundbreaking announcement, real estate developer Royal Palm Villa unveils plans for a state-of-the-art housing estate in Nwaniba near Uyo, Akwa Ibom. Spanning 3.6 hectares, the strategically located property near Ibom Icon Hotel and Golf Resort is set to redefine luxury living.
Top Real Estate Companies In Abuja To Look Out For In 2024
The Housing Outlook for 2024 in the Real Estate Sector is looking positive, with Experts predicting better prospects for the industry. The Real Estate Industry witnessed tremendous growth in 2023 despite the various trepidation of the economy. Despite the odds, various Real Estate
5 real estate factors beyond your control in Lagos
Real estate investment is a complex venture that involves both strategic decision-making and an understanding of external factors that can significantly impact returns. In this article, we will delve into five crucial factors that are likely to affect real estate investments in Lagos,
Real Estate Expert Tina Walters Advocates Restructuring in Nigerian Rental Market Post-Pandemic
In a recent interview in Lagos, Tina Walters, a Real Estate Expert and Director of Purifico Property Services, revealed that the global impact of the COVID-19 pandemic triggered widespread concession, renegotiation, and restructuring activities in the real estate market. Walters emphasized the need
Japan Plans to Construct 10,000 Homes for 1 Billion Digital Nomads by 2035
Mitsubishi Estate has announced plans to offer housing for digital nomads in Japan, aiming to operate a total of 10,000 rental homes by 2030. The company has reached a licensing agreement with the US-based Blueground Holdings, which is known for its specialized housing
Nigerian Housing Sector Poised for better performance in 2024
Festus Adebayo, Executive Director of the Housing Development Advocacy Network (HDAN), has projected a substantial upswing in Nigeria’s housing sector for the year 2024. During a press conference on Sunday, Adebayo emphasized the critical role of collaborations between the housing sector and capital
AG Mortgage Bank’s Drive to Alleviate Nationwide Housing Shortage Through Funding Initiative
AG Mortgage Bank plc has successfully concluded the initial segment of its N2 billion tier-2 capital issuance, marking a milestone through its Special Purpose Vehicle, AG Funding SPV Limited. During the signing ceremony over the weekend, Ngozi Anyogu, the Managing Director of AG
