Culled—Proshare 23/1/2017/FBNQuest Research Official records place the country’s housing deficit at 17 million units. In the current economic downturn, the real estate sector contracted by -7.4% y/y in Q3 2016 after -5.3% the previous quarter. Demand for residential property has been relatively low and resulted in some cases in subdued […]

October 12, 2016/AfDB The Board of Directors of the African Development Bank Group (AfDB) has approved a Senior Loan of ZAR 570 million to South Africa’s Housing Investment Partners Trust 2 -HIP2), also known as Vulumnyango Trust, to help finance affordable housing programmes in the country. The loan will help […]

Culled—-Proshare August 9, 2016/FDC Vacant properties in Lagos are not only enigmatic but also confusing to analysts.  Instead of rents crashing as housing supply increases, we are seeing landlord resistance and tenants walking away. Lekki in particular, with a vacancy factor of 165, is witnessing a reverse supply curve (A […]