THE 6TH FLOOR:THE PRICE TAG (2)

 

By Olumide T. Agunbiade |Online Editor

  

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I checked my watch for the umpteenth time as our Honda finally eased its way out of the chaotic Lagos traffic on to the expressway en route Ibadan. As planned, a man named Daniel came to pick me up the next day. Daniel was hired by Jibola Akinyemi to drive me to Ibadan.

I became perturbed when I began noticing road blocks at every 300 metres, but I breathed a sigh of relief as Daniel--who was very friendly—assured me that it was just the Nigerian Police mounting the blocks as checkpoints for security purposes.

Pinnacle plans N30b real estate in Nigeria

Pix: proshareng.com

 By Olumide T.Agunbiade

South African real estate firm, Pinnacle Point Group Limited, has indicated readiness to inject about N30 billion into the development of a world-class golf estate m Badagry, Lagos State.The company, which is the largest golf and leisure estate developer in South Africa and on the African continent, intends to position itself as a major global player in both the golf and residential estate development markets in the next five years.

2014 REAL ESTATE FORECAST: WHAT TO EXPECT

By Olumide T. Agunbiade | Online Editor

Whether you’re buying, renting or selling it out this year, here is what’s ahead across the globe.

In Nigeria, the trend in 2013 and with notable projects still in the pipeline, professionals within the real estate sector have expressed optimism that there would be increased investments and consequently activities within the industry in the year 2014.

  The Mortgage Refinancing Corporation (MRC), launched by the government and its prospective impact on housing provision and home ownership in Nigerians has further strengthened the position that the sector will boom in the coming year. 

 The forecast, notwithstanding, the seeming parlous state of the nation’s economy, would be more visible in some states like Lagos, Port Harcourt and the Federal Capital Territory (FCT), Abuja. 

 Besides, they hinted that there is so much interest in the sector from foreign investors especially in the commercial, retail, leisure or hospitality. The service sector is not left behind in the flurry of Foreign Direct Investment (FDI). There is this anticipation that capital transfer into the sector is expected to be in billions of dollars.

 One of the areas where exponential growth is expected is Lekki corridor, situated along the Lagos–Epe expressway, an area that has being touted as the fastest growing location in the sub-Sahara West Africa.