“It’s a tough call just because the market has never been so crazy. But we expect the next few months to be very soft,” he predicted.

“If you look at pending sales, they’re down about 8%, but demand is off about 15%…that’s a leading indicator that sales will continue their retreat because people’s stock portfolios have been wiped out.”

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On the introduction to sustainability in the built environment, he noted the importance of Edge and how it aligns with the major international green finance standards. Green buildings cost three per cent more with a three-year payback. 

“The representation of faith and passion in our logo, I think, is the important value it carries, because, in the past few years, we have done the impossible, especially in an unusual time when the world was going through a pandemic. Our driving force has been the faith that we had and the passion we have for what we do.”

Once again, fraudsters are on the prowl exploiting the desperation of prospective homeowners and tenants to have roofs over their heads and secure cheaper accommodations to defraud them.

The first thing to keep in mind is that real estate agents typically charge a commission based on a percentage of the final sale price. Commissions in NZ normally range from 2-5% of the sale price of a property.

"We always say that our goal is to design a building that looks like it's always belonged there," he explained. For example, in Bali, SAOTA used local black andesite stone instead of concrete, and an upcoming project in Phoenix, Arizona, on the slopes of Camelback Mountain, will utilize rammed earth walls "to create a connection the site."

“Let me state clearly here that following the letters earlier delivered to practitioners across the state, only a few of these practitioners responded to the content of the letters, hence the need to embark on this enforcement and compliance exercise so that relevant stakeholders in the built sector and the general public can attach importance to the call by the Agency to sanitize real estate transactions in the State,” the special adviser said.

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Real estate investors and sundry stakeholders have been lamenting what they call an “enduring unfavourable policies and a full-blown crisis” in the Nigerian foreign exchange rate regime, warning that the long-term effects are deeper than could be imagined.