6/3/2017/Thisday By Chineme Okafor in Abuja The federal government has said henceforth, housing mortgages below N5 million will no longer attract the usual initial payment of 10 per cent equity from approved off-takers. It said it chose to scrap the 10 per cent initial deposit on such cadre of housing […]

(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 […]