Category: Property

FDI: Stakeholders bemoan investor apathy to real estate

Dayo Ayeyemi

Nigeria’s fragmented real estate industry, difficulties in obtaining construction permits and other factors have discouraged foreign investors from large-scale investments in the sector, New Telegraph has learnt. According to  experts and major players in the sector, despite improvement of Nigeria on the Global’s Ease of Doing Business  global ranking 2018, private developers  have continued  to encounter difficulties in obtaining construction permits and property titles due to lack of transparency by officials of government. They agreed at a Business Forum organised by the International Real Estate Federation (FIABCI) Nigeria in Lagos that the World Bank’s…

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Real estate: Developers eye opportunities in mid-tier market

admin

While other real estate developers are closing shops due to the nation’s unimpressive business climate, others have put on their thinking caps, eyeing opportunities in untapped segment of the market.  Dayo Ayeyemi reports   Despite the downturn in the real estate sector, many developers and investors have been creating a niche market for themselves to ensure that they keep their heads above water, not minding huge vacant properties in the market. To them, empty properties adorning Ikoyi and Lekki,  Lagos and Maitama and other highbrow districts in Abuja are built…

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