Diaspora Investors Drive Surge in Lagos Luxury Property Prices Currently one-bedroom luxury flats in Lagos are priced at around ₦180 million In Victoria Island Quantum Properties is leading this trend Rental prices in Lagos’ luxury property market have surged to unprecedented levels, with prime two-bedroom apartments now commanding as much as ₦38 million annually, according … Read more
EKO HOT BLOG reports that two private enterprises and the Rivers State Government have inked a Memorandum of Understanding to construct 20,000 affordable housing units for middle-class and lower-class individuals, as well as to establish a central spare part market within the state. Governor Siminalayi Fubara stated following the signing ceremony at Government House in … Read more
Nigeria invests $22.5M in Shelter Afrique for affordable housing units. Minister Fashola announces the investment at the 42nd AGM and Symposium of Shelter AfrFasholaique in Abuja. The investment is a boost for Shelter Afrique, which supports the development of the African real estate and housing sector. EKO HOT BLOG reports that the Minister of Works … Read more
Lagos State Governor Babajide Sanwo-Olu has reiterated his administration commitments to tackling income disparity in the area of housing and making affordable and accessible housing available for residents. Sanwo-Olu said the state would work out modalities and come up with framework that would accommodate low income earners in its mortgage and housing scheme. The governor … Read more