While soliciting more support for the state government from the residents, he restated the government’s commitment to continuously provide infrastructure, particularly affordable and reasonably priced houses to the good people of Lagos State, leveraging the PPP model.

we should just explore all the other possibilities and roll up our sleeves and get to work and make things happen. It can still happen, it may not be the way we are used to before, but we can still make a lot happen so I will tell us not to lose faith and not to think that everything is down and collapsing but to look at the horizon cause they are opportunities out there.

On another point he raised is that the new penalties recommended are too steep and the political will to enforce may not be there.

Below is the full video that captures his view on the new national housing fund bill

the rental market would continue to be volatile for as long as inflation continues to rise and the impact continues to spread across sectors including real estate where the cost of building materials and even hiring labour has become

When we exit inflationary trend and the naira is strong, then issues of housing and interest rate will similarly and ultimately adjust accordingly. I think no serious political candidate can afford not to have a realistic policy on the recovery of the housing market.

For the records, as chartered surveyors, we meet and maintain the most rigorous practice standard and professional conduct; hence we are highly prestigious and recognised globally in the business of surveying, real estate and construction.

It’s a known fact that apartments are valued based on the location, area and easy access to the city. That’s why we decided to carry out an anecdotal survey to guide people who are searching for rental apartment.

Many people successfully invest in rental property, but that does not mean it is easy money. Like any business, there are ways to increase your chances of success and reduce your risks. Here is what you need to know before buying rental property.

Real Estate connotes an entity consisting of land and buildings on it in which resides some value of economic worth. In other words, it is an item of real property, that is, buildings or housing in general.

There has also been a remarkable improvement from the federal mortgage bank in accessing these loans. There are still windows for improvement but compared to where we are coming from in the last 3 or 4 years, there has been tremendous progress. Based on the recent approvals, I can see that Nigerians are beginning to have some belief in the system.