US now has 44% more home sellers than buyers
The U.S. housing market is now seeing 44% more home sellers than buyers, creating a strong advantage for buyers. In January, there were about 600,000 more sellers nationwide, marking the second-largest imbalance since Redfin began tracking data in 2013. Redfin notes that any market with over 10% more sellers than buyers qualifies as a buyers’ […]
Anambra govt begins revocation of undeveloped properties in designated estates
The Anambra State Government has started revoking ownership of undeveloped landed properties in designated government estates as part of efforts to enforce orderly urban development. The action was confirmed by the Managing Director of the Awka Capital Territory Development Authority (ACTDA), Dr. Ossy Onuko, during an enforcement exercise on Thursday. The exercise began at Awka […]
Alleged N5.7bn fraud: EFCC grills Sujimoto; freezes his accounts and seizes his passport
Operatives of the Economic and Financial Crimes Commission (EFCC) on Monday, September 8, questioned Sijibomi Ogundele, the CEO of Sujimoto Luxury Construction Limited, over claims that he misappropriated about N5.7 billion meant for Enugu State projects. Last Friday, September 5, the anti-corruption agency declared Sujimoto wanted for alleged money laundering and mismanagement of funds, which […]
“This practice is highly illegal” BBNaija star. Uriel Oputa calls out property agents for “playing God”
Uriel Oputa, a Big Brother Naija star, has spoken out about the need to control how property agents work. She shared her frustration after dealing with many agents. She told a story about an agent who asked her to pay $20 just to look at a house she wanted to rent or buy. Another agent […]
How tax reforms bill will make housing affordable to Nigerians – Presidency
The Nigerian government has shared how the new Tax Reforms Bill will help make housing more affordable for citizens. According to Taiwo Oyedele, who leads the Presidential Fiscal Policy and Tax Reforms team, the bill will reduce taxes on the building and real estate sectors. He explained this during a construction industry forum in Abuja. […]
Real estate has become leading form of money laundering in Nigeria – Patrick Doyle alleges
Veteran Nollywood actor Patrick Doyle has raised concerns about the real estate industry in Nigeria. He believes it has become a major way for people to launder illegal money. In a recent interview on Echo Room with Quincy Jones, Doyle pointed out that many estates in Abuja and Lekki have fully built but unoccupied houses. […]
Nyesom Wike Speaks to Land Developers in Abuja (Video)
Recently, Nyesom Wike, the Minister of the Federal Capital Territory (FCT), addressed land developers in Abuja. In a video message, he shared important insights about the real estate sector and discussed various challenges that developers face. Wike emphasized the need for responsible development in Abuja. He expressed the government’s commitment to creating a well-planned city […]
Davido’s hype man, Special Spesh, responds to real estate company’s criticism of businesswoman Sophia Momodu regarding her new house post.
Recently, a social media storm erupted involving businesswoman Sophia Momodu and a real estate company, drawing comments from Davido’s hype man, Special Spesh. The situation highlights the complexities of showcasing success on social media and the scrutiny that often follows public figures. The drama began when Sophia Momodu shared a video on her Snapchat, showcasing […]