FOR SALE: AFFORDABLE ½, FULL & ACRES OF LAND IN LAGOS

A full plot of land for sale @ Akoka, Lagos.

Location:        A full plot @ Obayan Street, Akoka

Price:               N15M

Title:                  C of O

Contact:          Jossy Properties |08023882330, 08165371627

FOR SALE: AFFORDABLE BLOCKS OF FLAT IN LAGOS

The 6 flats of 3B/R @ Community Road, Akoka, Lagos

Location:        6 Flats of 3B/R @ Community Rd, Akoka

Price:               N50M

Title:                C of O

Contact:          Jossy Properties |08023882330, 08165371627

SPECIAL REPORT: WILL MORTGAGE RATE SURGE HURT HOUSING MARKET IN NIGERIA?

Photo: fmbn.gov.ng

By Olumide T. Agunbiade |Online Editor

  Nigerians were not buying homes when rates were 18%, what happens now that rates have been increased to over 20%?

Back In October 2011, the Monetary Policy Committee (MPC) in an emergency session to bail the depreciating currency, stabilize the naira and peg the inflation pressure; announced the following rate changes: Monetary Policy Rate (MPR) was increased by 275 basis points from 9.25% to 12%. The Central Bank of Nigeria (CBN) also maintained the current symmetric corridor of +/-200 basis points around the MPR. Also, the Cash Reserve Ratio (CRR) was increased from 4 to 8%.

Before seeking and sampling the opinions of experts on these astronomical hikes, several questions besieged my thoughts: Should the quest to save the naira be a singular reason to hike? Did the MPC consider the impact on the real estate sector?

CFPB To Require More Data Than Ever on Mortgage Borrowers

Pix: money.cnn.com

 By Elizabeth Ecker

The Consumer Financial Protection Bureau is gearing up to start requiring lenders to report a lot more borrower data.

As part of a new initiative announced late last week, the CFPB is seeking information from small businesses to help inform a rule making that will require lenders to submit more Home Mortgage Disclosure Act (HMDA) data than ever before—including credit scores and debt to income ratios both for applications that are accepted and those that are denied. This, the agency says, will help them spot “troublesome trends.” 

FOR SALE: BLOCK OF 6 FLATS AT YABA

The block of 6 flats for sale at Yaba. Pix: propertymaxng.blogspot.com

Location:        6 Flats of 3B/R each @ Community Rd, Akoka, Yaba, Lagos

Price:               N50M

LAND FOR SALE

The land for sale at Yaba. Pix:propertymaxng.blogspot.com

Location:          Obayan Street,, Akoka

Price:               N15M

Dangote Woos Ibeju-Lekki Indigines with cash to release land for his refinery project

L-R: Aliko Dangote and Lagos State Governor, Mr. Babatunde Fashola

By Olumide T.Agunbiade
 Billionaire businessman and Africa's richest man, Aliko Dangote in company of the Lagos state Governor, Babatunde Fashola was at the Ibeju-Lekki axis of Lagos yesterday to woo the inhabitants of the community to give up their lands which is expected to be used to develop Dangote's proposed Refinery and Petrochemical Project, which is one of the Lagos Free Trade Zone Projects.