Amazing Property

NIESV president, Sir Emmanuel Wike There is widespread eanxiety as Nigeria has entered another recession amid the coronavirus pandemic. The worst hit by the declining economic trend had been the housing industry, which was nursing injuries from government policies in the last four years. This year, particularly, the entire real estate sector performance slowed down, according to the National Bureau of Statistics (NBS) data.  Following the latest development and coupled with limited spending, ability by governments, private sector and households, access to affordable homeownership in the country, may experience further slump below the pervading 25 per cent. Nigeria’s economy slipped into crisis after its Gross Domestic Product (GDP) contracted for the second consecutive quarter.    There has been depletion in gross domestic product and cut in oil production, which is a major revenue source to government, to approximately 1.4 million barrels.   The government...

An illustration of the proposed Ilupeju Gardens in Lagos Lagos-based real estate development and lifestyle group – Design Union Limited, has begun development of Ilupeju Gardens, a fully serviced estate in the heart of Lagos Mainland. The project is being developed in conjunction with the Lagos State Government through its agency, the Lagos State Development and Property Corporation (LSDPC), designed for busy executives and modern families. Beyond the greenery and great health benefits, Ilupeju Gardens is an exclusive kind of apartment complex, driving a new renaissance in Lagos. The project enjoys a good location that is easily accessible to the local and International Airports, Lagos Island and the Lagos – Ibadan Expressway among other institutional places. The estate comprises 202 units of affordable luxury accommodation of various house types including one, two and three bedroom apartments as well as four bedroom maisonette and one bedroom penthouses. The units are d...

Trees can help to minimize the effects of carbon emissions, and one Northeast builder says it will plant more trees around new development—and is urging other developers nationwide to follow suit. Michael Ziman, president and CEO of Ziman Development, based in New Jersey, has launched One Tree Pledge, a sustainability program to help residential and commercial construction companies negate emissions associated with buildings. Ziman, partnering with the organization American Forests, is inviting builders to take the pledge and plant one tree for every square foot of housing built. American Forests will assist with the planting at a cost of $1 per tree. Trees naturally take in carbon dioxide and release oxygen. To Ziman, trees are the solution that will help fight the impact of construction on the environment. “As an owner-operator in construction specializing in beach homes, it was important for me to align my outdoor interests with my values,” Ziman told Builder. ...

Dubai one of the states in the United Arab Emirates (UAE) seeks today to move away from its traditional oil dependence to a more balanced one based on tourism and services. As a result, its economy has grown with more and more tourism resorts coming up to meet this aim. This article will list three reasons why you should invest in Dubai today. [caption id="attachment_9064" align="aligncenter" width="1024"] Invest In Dubai[/caption] Firstly, Dubai as mentioned earlier is becoming a services hub and in particular a financial services hub, there is going to be an increase in the number of foreign professionals who are flocking there to work and with a high pay and tax free status over there, the average rental yields of properties there is above the average. Currently the single room studio apartments are doing the best in terms of rental since the expatriates that work in Dubai tend to be single individuals so this would be a great real estate investment t...

Watch Love It or List It Australia now exclusively on Foxtel’s Lifestyle to see what Jess and Chris did with this home. In the latest episode of Love It Or List It Australia, Jess and Chris have a common property dilemma – update their Coorparoo heritage home or sell it?  Jess and Chris with hosts Andrew Winter and Neale Whitaker. Picture: Love It Or List It Australia Jess loves the character of this Queenslander and thinks a renovation could transform the house while Chris thinks it’s better to sell it. What should they do? Andrew Winter and Neale Whitaker hosts of Love It Or List It Australia take a look and offer their advice. List it: Why now is a great time to sell Updating a heritage home can be costly, particularly if you don’t have any industry contacts or aren’t particularly skilled at DIY, says Winter. Labour costs can be high and renovations can sometimes reveal other structural issues that need to be fixed in older homes. The din...

  [caption id="attachment_156701" align="aligncenter" width="1280"] Bad Loans[/caption] Bad Loans :  M ortgage lender reported million net loss for six months compared to the same period a year ago on the back of increased provisions for bad loans . Troubled mortgage lender Shelter Afrique has reported a $2.16 million net loss for the six months ended June, compared to a net profit of $1.65 in the same period a year ago on the back of increased provisions for bad loans . Shelter Afrique’s loan impairment charges — provisions for credit which may not be recovered in full — jumped 173.63 per cent in the half year period to $5.6 from $2 million in a similar period last year. Bad loans ! The housing financier’s loan book dropped by 6.96 per cent in the six month period to June to $263.4 million from $283.1 million.Net interest income rose 19.12 per cent to $8.12 million from $6.81 million the lender said.  The company — owned by 44 Af...

Rotimi Ajanaku is from the Ajanaku dynasty in Lagos Island ‘Oke Popo’. He was born and bred in Ibadan . For want of a better description, Rotimi Ajanakus is a misunderstood man. Like a proverbial cat with nine lives, despite several shots fired at his breath, Rotimi keeps resurfacing stronger. With the sobriquet ‘Don Dino’ in the social radar,  he means different things to different people. Close allies define him as a free giver as he is always willing to extend helping hands to others. Rotimi Ajanaku Rotimi has a thriving business that cut across hospitality, transportation, oil and gas, agriculture and real estate. He delved into the murky waters of politics in Oyo state where he contested but lost out at the party primaries. Rotimi is from the Ajanaku dynasty in Lagos Island ‘Oke Popo’. He was born and bred in Ibadan where he spent his growing days. Dandy Rotimi spares no cost in giving himself a nice treat. He went off the social radar for a...