dsm-properties

[dsm-properties]

Housing deficit: What Nigeria can learn from Ghana

Housing deficit: What Nigeria can learn from Ghana

The Ghanaian government says it is committed to reducing the country’s housing deficit through policies and programmes which hold good lessons for Nigeria on how to deal with its own humongous housing demand-supply gap. According to Francis Asenso-Boakye, Ghana’s Minister of Works and Housing, the country would soon launch a new affordable housing programme which would include government making…

[dsm-properties]

Rapid tech sector growth will fuel occupier demand across the real estate market in Africa

Rapid tech sector growth will fuel occupier demand across the real estate market in Africa

The world over, the tech sector has in many ways set the tone for the real estate market and in Africa, the case is not any different, according to Estate Intel. The economic pull of Silicon Valley, for example, attracted thousands of tech workers resulting in a housing price growth of 88% at the height of the tech boom between 2012 and 2019 in the San Francisco Bay Area. Tech as a key driver of…

[dsm-properties]

Where to acquire land below N10 million in Abuja

Where to acquire land below N10 million in Abuja

A lot of times, acquiring a property of your choice in a desired neighbourhood could be difficult, especially when there are not enough financial resources to do so. Choosing to settle within the Federal Capital Territory (FCT) could cost an arm and leg, but with the right information and guidance, one can acquire pocket-friendly property. Most real estate firms offer instalment payment options,…

[dsm-properties]

REDAN faults Reps committee on real estate Bill, highlights investment benefits

REDAN faults Reps committee on real estate Bill, highlights investment benefits

The Real Estate Developers Association of Nigeria (REDAN) has faulted the House of Representatives Ad-Hoc Committee Investigating the operations of the Real Estate Developers in the Federal Capital City (FCT) on its position on the Real Estate Regulatory and Development Bill. The committee, in a communique it issued at the end of a workshop it held on the FCT property developers, stated that the…

[dsm-properties]

Reasons yield-hungry investors are on look out for next Lekki Phase 1

Reasons yield-hungry investors are on look out for next Lekki Phase 1

Increasingly, real estate is becoming an irresistible investment destination, attracting both small and big, local and foreign investment interests mostly in Nigeria’s big cities—Lagos, Abuja and Port Harcourt. Though investors have seen growth and value appreciation in other new residential communities in Nigeria, Lagos especially, the experience from Lekki Phase 1 in Lagos is the reason those…

[dsm-properties]

Top 10 Architects in Nigeria (Highest Number of Projects on ei Edition)

Top 10 Architects in Nigeria (Highest Number of Projects on ei Edition)

Over the past 12 months, iconic developments such as Cuddle by Cadwell in Ikoyi have come onto the market in a trend towards a rise in quality developments in the market. On this note, we highlight the top architects, by number of projects, behind some of your favourite developments on Estate Intel. 1. Consultants Collaborative Partnership  Consultants Collaborative Partnership architects are…

[dsm-properties]

Concerns as migration widens Lagos housing deficit

Concerns as migration widens Lagos housing deficit

The daily influx of people from various parts of Nigeria and beyond has widen the housing deficit in Lagos, piling up pressure on existing infrastructure and worsening stress in the city, stakeholders have said. Over 600 people move to Lagos every day and less than 50 percent of them go back, a government official said. Those that stay back, according to Moruf Akinderu-Faitai, the state’s…

[dsm-properties]

3 reasons why property prices in Yaba will soon become as expensive as Lekki Phase 1

3 reasons why property prices in Yaba will soon become as expensive as Lekki Phase 1

A fast-growing technology ecosystem, good interstate infrastructural linkage, and high academic activity have positioned Yaba to become Lagos’ next major business district. These, alongside the region’s proximity to Lagos’ core CBDs, are already driving rapid real estate growth. Our analysts project that over the next five years, Yaba will become close comparable to Lekki Phase 1 in property…

[dsm-properties]

MTN just bought land in the Metaverse, here’s what you need to know

MTN just bought land in the Metaverse, here’s what you need to know

On 28th February 2022, MTN bought 144 plots of digital land in the Africarare metaverse Ubuntuland for an undisclosed sum making it the first African company to enter the Metaverse. According to techcabal, Ubuntuland is being developed by Africarare and Mann Made Media and will be open to public land sales later this year, with Africarare, being the first South African metaverse housing digital…

[dsm-properties]

The 21st century agent tool guide part 1: Succeeding amidst the tough terrain

The 21st century agent tool guide part 1: Succeeding amidst the tough terrain

Succeeding as a real estate agent, especially in Nigeria is not as easy as you would think. People frequently see the agency business from a surface level; which often are when transactions close and the agent gets his commission. This is mostly because society celebrates only wins, and when you are able to generate many wins consistently, the process of doing so becomes seemingly easy or cheap…

[dsm-properties]

Lagos insists on speedy processing of planning permits by developers

Lagos insists on speedy processing of planning permits by developers

The Lagos State Government has charged real estate developers to ensure that all necessary documents needed for the processing of their Planning Permits are perfected before approaching the agency for approval. This is as the government has emphasized on its 10-day time frame as a form of incentive to encourage property developers to come obtain planning permits. This was disclosed by the General…

[dsm-properties]

Pandemic Resilience: Focus on growth point

Pandemic Resilience: Focus on growth point

Against the backdrop of the pandemic, institutional real estate investors have had to adopt different measures to drive returns and remain ahead of the curve. This trend has been reflected not only in the global real estate market but also across Africa.  Below, we look at 4 key ways that Growthpoint, one of Africa’s largest institutional real estate player, has managed to do this.  Greater…

[dsm-properties]

Firm mulls crowd-funding initiative for investors, promises 20% RoI

Firm mulls crowd-funding initiative for investors, promises 20% RoI

A foremost real estate company based in Lagos says it has perfected plans for a crowd-funding investment initiative that guarantees investors not only the safety of their investment but also return on investment (RoI) that will be as high as 20 percent per annum. The company, known as Tobykemsworth Investment Limited, explained at a news briefing in Lagos recently, that the initiative is an…

[dsm-properties]

Real estate positive growth brightens 2022 outlook

Real estate positive growth brightens 2022 outlook

Once again, the real estate sector of the economy has shown resilience, posting 2.26 percent growth in the last quarter of 2021 as captured in the GDP growth report recently released by the Nigerian Bureau of Statistics (NBS). The figure, which is 0.3 percent lower than what the sector recorded in the third quarter of the same year, has not only raised investors’ hope and deepened their…

[dsm-properties]

Improving employee experience in the workplace

Improving employee experience in the workplace

The Covid-19 pandemic dramatically changed how, when, and where work gets done. For most organizations, it came at the expense of employee experience such as burnout, time spent in meetings, mental health problems, work-life imbalance, and decreased levels of personal well-being. For facility management practitioners, it provided a major opportunity to demonstrate their competence and capacity to…

[dsm-properties]

Developer mulls expansion, targets NHF subscribers, others for 500 housing units

Developer mulls expansion, targets NHF subscribers, others for 500 housing units

Tribune Online Developer mulls expansion, targets NHF subscribers, others for 500 housing units As part of its creative and innovative ways to drive meaningful value to its customers in 2022, Messrs Tobykemsworth Investment Limited has rolled out plans to help in reducing the housing deficit among citizens. Besides, the firm said it is set to make millionaires in giving its teeming clients…

[dsm-properties]

Mortgage penetration: NMRC tasks FG on cost of funds, documentations

Mortgage penetration: NMRC tasks FG on cost of funds, documentations

Tribune Online Mortgage penetration: NMRC tasks FG on cost of funds, documentations To order to enhance affordable mortgage finance in the country, the Nigerian Mortgage Refinance Company (NMRC) has tasked the Federal and State Governments on the need to address the cost of funding to enable it borrows money below 10 per cent interest rate from the market. Besides, the company’s Managing…