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| Currently, there is over 200 000 square metres of retail development under construction, mainly concentrated in the South of Nigeria. These include Port Harcourt Mall (11 000 square metres), which is almost 90 percent leased, The Owerri and Delta Malls measuring 12 000 square metres and 15 000 square metres respectively, and set to open in 2015. |
Showing posts with label nigerian real estate. Show all posts
Showing posts with label nigerian real estate. Show all posts
Friday, October 10, 2014
Real estate opportunities in Nigeria
Thursday, October 9, 2014
Governor Fashola’s Key Note Address @ Real Estate Unite 2014…
Experts, investors, professionals and other stakeholders in the real estate sector have said that the growth of this sector, which is considered critical to the growth of the economy, is dependent on infrastructure development and sustainable financing, noting that the sector’s contribution to national GDP estimated at 7 percent is too low given its enormous potential.
In his keynote address at the conference, Governor Babatunde Fashola of Lagos State, highlighted approaches that could bring about sustainable financing for the sector, citing the Lagos Home Ownership Mortgage Scheme (LagosHOMS) and how the scheme underpins his administration’s ability to create a sustainable financing mechanism that could provide affordable homes for the middle class.
Fashola, who described the initiative as a typical sustainable affordable housing strategy, assured that by the scheme’s one year anniversary, it would have produced equal number of housing units which the Federal Mortgage Bank of Nigeria (FMBN) has struggled to produce in its 22 years of existence.
According to him, one of the sustainable mechanisms instituted by the state to drive the scheme is the monthly savings of N500 million from the state’s internally generated revenue (IGR), revealing that as part of efforts to spur growth in the real estate sector, the state government has resolved to share the cost of providing infrastructure between itself and homeowners.
“What we do is to provide some of the infrastructure such as the main access roads into private estates and LagosHOMS but for the internal roads, the cost is shared among all the residents to be paid over a period,” he said, adding that the absence of sustained infrastructure provision in any society encourages slums development.
In his keynote address at the conference, Governor Babatunde Fashola of Lagos State, highlighted approaches that could bring about sustainable financing for the sector, citing the Lagos Home Ownership Mortgage Scheme (LagosHOMS) and how the scheme underpins his administration’s ability to create a sustainable financing mechanism that could provide affordable homes for the middle class.
Fashola, who described the initiative as a typical sustainable affordable housing strategy, assured that by the scheme’s one year anniversary, it would have produced equal number of housing units which the Federal Mortgage Bank of Nigeria (FMBN) has struggled to produce in its 22 years of existence.
According to him, one of the sustainable mechanisms instituted by the state to drive the scheme is the monthly savings of N500 million from the state’s internally generated revenue (IGR), revealing that as part of efforts to spur growth in the real estate sector, the state government has resolved to share the cost of providing infrastructure between itself and homeowners.
“What we do is to provide some of the infrastructure such as the main access roads into private estates and LagosHOMS but for the internal roads, the cost is shared among all the residents to be paid over a period,” he said, adding that the absence of sustained infrastructure provision in any society encourages slums development.
Thursday, April 10, 2014
Why Nigeria is the Best Business Location for Investing Real Estates Account Nothing compares to assets Investment Opportunities in African
1.. Why Nigeria could be the Best Business Position for Investing Real Estates Account Nothing even compares to assets Investment Opportunities in African nation if you've got enough cash to interact in it.
There are many business opportunist however currently property investment in Nigeria Republic of African nation brings back your capital with profits sooner in comparison to different businesses in Nigeria. For those who haven't detected concerning it, assets investment in Federal Republic of African nation has brought an optimistic trend in comparison to different businesses investments in Nigeria.
No matter what, assets Investment in African nation are that the most effective business you have to place into consideration. African nation features a most readily useful contributive atmosphere for business and investment compare to different countries in geographical area and because the nation grows, many folks often depart rural life to urban life and for this reason, there's invariably a lack of housing in each town and city in African nation.
2.. There are many business opportunities in African nation however assets investment out competes each of them. With this text thus, we are inclined to create you the main advantage of finance in assets in African nation in comparison to different businesses. There are many blessings of assets investment in comparison to different investments in African nation. For example, if you get stocks from the supplier, you'll try to induce profits once that stock appreciates. You'll have the dividends proclaimed by the corporate in mind. In the event that you invest shackled, the interest earnings from the bonds will also be the goal with this you create the investment. But, in assets investment, you receive plenty of selection of benefits. Let's have a look. You may even have a sincere management over your income in the event that you purchase properties in Nigeria that fetch you rental incomes month when month. In the event that you bear the statistics, rental incomes have invariably been abundant larger compared to dividend incomes you receive by investment in stocks. Needless to say, in stocks, if you're extraordinarily lucky, a abrupt surge within the buying price of your stocks could easily get you smart returns in the event that you sell the stocks at the foremost opportune time.
If you're keen enough, you will have ascertained that the important estate investments in Nigeria appreciate to a reasonable extent over an amount, in each four years, the rental dues doubles looking on the realm during which your property is placed. Another reason you have to purchase property is that income can behave as a sincere protection against inflation. Not with standing inflationary trends prevail, after you receive income from your own property investment, it'll behave as a support consequently of one's mortgage payment won't bear a modification owing to inflation. You understand property investment or property investments appreciates over and yet again and as you retain paying off your mortgage amounts, the equity price of one's property investment are likely to be increasing. This is utilized by going for a loan appreciate the equity price of the property. Any establishment or banks are likely to have the ability to extend loans to you.
3. © Copyright 2014 by Zebra Technologies Limited. All rights reserved. For your computer data, in the event that you blessed enough to induce home in very smart vicinity like Banditry and Igbesa at a sincere value, may be but selling price, you'll have the ability to observe cash out of it. There's a model some those who get properties at lower costs and flip them at intervals a short time of concerning half a year to create smart profits. This business is quite money making however, you desire to tread with caution in the event that you wish to try and do it. You wish to select the properties that area unit absolute to comprehend and more, the properties must have a clear title. In the event that you with consideration search, you're guaranteed to clinch such deals. By: Property Finder Nigeria
No matter what, assets Investment in African nation are that the most effective business you have to place into consideration. African nation features a most readily useful contributive atmosphere for business and investment compare to different countries in geographical area and because the nation grows, many folks often depart rural life to urban life and for this reason, there's invariably a lack of housing in each town and city in African nation.
2.. There are many business opportunities in African nation however assets investment out competes each of them. With this text thus, we are inclined to create you the main advantage of finance in assets in African nation in comparison to different businesses. There are many blessings of assets investment in comparison to different investments in African nation. For example, if you get stocks from the supplier, you'll try to induce profits once that stock appreciates. You'll have the dividends proclaimed by the corporate in mind. In the event that you invest shackled, the interest earnings from the bonds will also be the goal with this you create the investment. But, in assets investment, you receive plenty of selection of benefits. Let's have a look. You may even have a sincere management over your income in the event that you purchase properties in Nigeria that fetch you rental incomes month when month. In the event that you bear the statistics, rental incomes have invariably been abundant larger compared to dividend incomes you receive by investment in stocks. Needless to say, in stocks, if you're extraordinarily lucky, a abrupt surge within the buying price of your stocks could easily get you smart returns in the event that you sell the stocks at the foremost opportune time.
If you're keen enough, you will have ascertained that the important estate investments in Nigeria appreciate to a reasonable extent over an amount, in each four years, the rental dues doubles looking on the realm during which your property is placed. Another reason you have to purchase property is that income can behave as a sincere protection against inflation. Not with standing inflationary trends prevail, after you receive income from your own property investment, it'll behave as a support consequently of one's mortgage payment won't bear a modification owing to inflation. You understand property investment or property investments appreciates over and yet again and as you retain paying off your mortgage amounts, the equity price of one's property investment are likely to be increasing. This is utilized by going for a loan appreciate the equity price of the property. Any establishment or banks are likely to have the ability to extend loans to you.
3. © Copyright 2014 by Zebra Technologies Limited. All rights reserved. For your computer data, in the event that you blessed enough to induce home in very smart vicinity like Banditry and Igbesa at a sincere value, may be but selling price, you'll have the ability to observe cash out of it. There's a model some those who get properties at lower costs and flip them at intervals a short time of concerning half a year to create smart profits. This business is quite money making however, you desire to tread with caution in the event that you wish to try and do it. You wish to select the properties that area unit absolute to comprehend and more, the properties must have a clear title. In the event that you with consideration search, you're guaranteed to clinch such deals. By: Property Finder Nigeria
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