Nigeria’s real estate records sales increase in first half deals

Amid pockets of social instability in different parts of the country, land prices have continued to rise in most regions while prices of office spaces and houses were affected negatively in the real estate market within the first half of this year. According to a report released by Northcourt real estate for the half year performance of the real estate management , the high cost …

Experts, others urge new policies for affordable housing at World Habitat Day

Faced with the grim reality of a world in which up to one-sixth, of humanity- or some one billion people – exist without adequate shelter and basic services, governments around the globe are today pausing to marshall forces against the growing plague called homelessness. Nigerians live in an age where the world’s population will have grown to over seven billion…

Implications of Climate Change on Nigerian Built Environment

Climate change is an adverse environmental phenomenon that is causing enormous concern all over the world. In this article we look at the adverse effects of climate change on Nigerian Built Environment. Climate change refers to some anomalies in the climate system that is a result of human activities. These anomalies include increase in the concentration of Greenhouse gases (GHGs),…

The Challenges of Living in a Slum Area

Urban populations have skyrocketed globally and today represent more than half of the world’s population. In this article, we look at the challenges of living in a slum area. In some parts of the developing world, the growth of the urban population has more-than-proportionately involved rural migration to informal settlements in and around cities, known more commonly as “slums”—densely populated…

How Nigeria can turn 17 million housing deficits to economic prosperity – Fashola

Nigeria can reposition its 17 million estimated housing deficits to a buoyant source of economic prosperity if the National Housing Fund (NHF) and the Federal Mortgage Bank of Nigeria (FMBN) can be well funded to provide affordable homes, according to the Minister of Power, Works and Housing, Babatunde Fashola. Speaking during a housing stakeholders meeting at the weekend in Abuja,…

The Urban Housing Crisis In Nigeria

The relevance of housing in urban and rural environment cannot be over-emphasised. It contributes to the attainment of physical and moral health of a nation, stimulates social stability, the work efficiency, and the development of the individuals. This articles examines the urban housing crisis in Nigeria. Previous responses to the urban housing crisis in Nigeria has failed largely due to…

How Flooding Can Affect Real Estate Value

The issue of climate change and its consequences is all over the media and has moved up the political agenda. Occurrence and severity of natural disasters increases daily. Flooding is one of the most common natural disasters in the world.  The risk of flooding has always been present for buildings close to rivers or coasts but it has been growing…

Housing the Urban Poor in Nigeria through Low-Cost Housing Schemes

This paper discusses a strategy and functional approach for the provision of low-cost housing for the urban poor in Nigeria. It notes the rapid rate of urbanization occurring in Nigeria, which is due mainly to massive rural-urban drift, and explosive urban population growth. A major consequence of this occurrence has been the deterioration of housing situation in the urban centres,…

Are High-Rise Buildings Good or Bad For People?

What is bad or good about high-rise buildings? In the light of the Grenfell Towers disaster in London where over 80 people have been confirmed dead, it is expedient we weigh the risk involved in living and working in high-rise building.  The Grenfell Towers fire disaster is not the first time an ugly incident in a high-rise building will lead to high…