4 Bedroom Semi-detached home for sale at Chevy View, Chevron Lekki Nigeria for 85m. The post 4 Bedroom Semi Detached in Chevron Lagos 85m appeared first on PropertyGallery ..read more

Despite encouraging and evolving trends in the property market, Nigeria is experiencing rapid urbanization in cities and other issues hindering the growth of the real estate sector. In addition, the monetary and fiscal measures are able to largely dampen the COVID-19 effect on households’ income and residential markets as well as the devaluation of commercial property portfolios. To overcome these challenges, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) met with senior government officials, experts and analysts on the growth of the real estate sector at the 51st annual conf ..read more

Housing estate in Enugu Enugu State Government has said it is determined to provide shelter for prospective homeowners in the state, saying it will deliver about 1,500 housing units for low and middle-income earners before the end of the year. General Manager of the Enugu State Housing Development Corporation (ENSHDC), Chiemelie Agu, told The Guardian that having built 10 estates for the rich, government was now focused on providing affordable housing for low-income earners, including civil servants in the state. To buttress the commitment of the state government in this regard, he stated that ..read more

The unprecedented activities of fraudsters and professionals who invade the real estate market to dispossess prospective homeowners of hard-earned money are posing a threat to operations in the sector. With an estimated value of N59 trillion opportunities, 200 million population and a housing demand-supply gap put at over 20 million units, the real estate market is an attractive investment destination. The Guardian found that out of the housing market crisis came a spike in negligent practices and fraud perpetrated by some property professionals/charlatans and others who exploit the desperatio ..read more

Experts has urged professionals in the real estate industry to take advantage of existing technology and innovations to deepen practice and accelerate affordable housing in the country. Immediate past chairman of Nigerian Institution of Estate Surveyors and Valuers, Lagos branch, Mr. Adedotun Bamigbola, said the introduction of cutting-edge technologies in real estate has changed the ways businesses are conducted. Bamigbola, who spoke at a forum entitled, “Real Estate in 2021: Is it time for some caution, more innovation or opportunities,” organized by Thinkmint Nigeria, emphasized that real e ..read more

The United States Northern District Court of California has reduced the EB-5 minimum investment to $500,000 and vacated the decision to increase the minimum EB-5 investment amount from $500,000 to $900,000. The court said the U.S. Citizenship and Immigration Services (USCIS), Acting Director lacked the authority to issue that regulation. Nevertheless, there are currently two new EB-5 bills, including regional centre reauthorisation circulating in the U.S. Senate, both contemplating a higher investment amount and this is expected to happen in September 2021. This means that investors have betwe ..read more

The Enugu State government would deliver 1,500 low-income housing units in three senatorial zones before the end of the year. Managing Director, Enugu State Housing Development Corporation (ESHDC), Mr Chukwuemelie Agu, announced this at a facility tour of ongoing Coal City View Estate located on Ugwuonyeama axis of the state. The project, which is being executed in partnership with Federal Mortgage Bank of Nigeria (FMBN), AG Mortgage and some estate developers, would cushion the accommodation shortage in the state. He stated that government plans to establish 750 low-housing units for civil se ..read more

In a renewed effort to remove barriers to homeownership, Alpha Mead Development Company (AMDC), has entered into a partnership with the Enugu State Government to develop 750-unit affordable homes for civil servants. The proposed scheme, christened Coal City View Satellite Estate, would comprise of one, two and three-bedroom housing units and feature amenities such as schools, shopping mall, medical centres, security, and 24 hours water and power. Meanwhile, the board and management of Alpha Mead Group, last week, visited Enugu State Governor, Ifeanyi Ugwuanyi, who commended the company for its ..read more

The unprecedented activities of fraudsters and professionals who invade the real estate market to dispossess prospective homeowners of hard-earned money are posing a threat to operations in the sector. With an estimated value of N59 trillion opportunities, 200 million population and a housing demand-supply gap put at over 20 million units, the real estate market is an attractive investment destination. The Guardian found that out of the housing market crisis came a spike in negligent practices and fraud perpetrated by some property professionals/charlatans and others who exploit the desperatio ..read more

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