(This statement was made by Fitch Ratings on February 16, 2017) Lagos (INVESTADVOCATE)-Fitch Ratings-London/New York/Sydney-16 February 2017: Fitch Ratings says in its latest Global Housing and Mortgage report that while the rate of home price increases is likely to slow in 2017, continuing government macro-prudential efforts to dampen unsustainably rapid […]

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 […]