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An Abuja-based poultry farmer is reeling from the devastating loss of over N150 million and the death of 5,000 birds following the demolition of his farm. The demolition, which took place in the nation’s capital, has left the business owner and his employees grappling with the destruction of their source of livelihood.

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In a decisive move to enhance transparency and promote a more business-friendly environment, the Delta State government has officially banned the collection of unauthorized fees at construction sites across the state. The ban, which was recently announced by state officials, is part of an ongoing effort to curb extortion and protect investors and property developers from unlawful levies.

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Growth in the UK construction sector experienced a slowdown in recent months despite government-led efforts to boost housing development, according to the latest data from the Purchasing Managers’ Index (PMI). The report, released for August 2024, indicates that while the sector continues to expand, the rate of growth has decelerated compared to earlier in the year.

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A group of Ibeju-Lekki residents and a local activist organization have filed a lawsuit against the Lagos State Government, alleging that they have been denied rightful compensation for land acquired for the construction of the Dangote Refinery. The plaintiffs claim the state owes them $100 million, asserting that the compensation originally promised for their ancestral land has yet to be fully paid or properly distributed.

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The construction industry is facing a significant crisis as builders increasingly abandon projects due to the relentless surge in the cost of building materials. What was once a sector bustling with activity has now been severely impacted by rising inflation and supply chain disruptions, leaving many construction sites deserted and projects delayed indefinitely.

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The United States is on the verge of a housing breakthrough, with bold initiatives taking shape to address soaring home prices, limited inventory, and growing homelessness in major cities. According to Glenn Kelman, CEO of Redfin, one of the nation’s largest real estate brokerages, the core of the problem isn’t just demand—it’s that America is poised to unlock its full home-building potential.

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In 2024, the global race for the tallest and most iconic skylines continues to transform cities into towering urban landscapes. From Asia to the Middle East to North America, the rise of skyscrapers is reshaping the identity and economy of some of the world’s most influential cities. Leading the charge are Hong Kong, Dubai, and New York City—each competing to house the most impressive number of skyscrapers. These cities, along with several emerging players, are at the forefront of the vertical architectural revolution.

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Union Bank has filed an appeal against a court ruling that ordered the sale of a prime Ikoyi property for N112 million, a decision that has been embroiled in legal disputes for over 25 years. The protracted court battle, involving the ownership of the property, took a new twist after a family, claiming rightful ownership, sought compensation of N2 billion, citing long-standing grievances and alleged wrongful occupation.

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In a visionary move, a prominent Canadian property management company is leveraging AI to redefine rental pricing, despite controversy. By harnessing the insights of data-driven technology, the landlord is reimagining the industry, implementing a responsive pricing strategy that reflects market dynamics, and leading the way towards a more sustainable future.

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Abuja is on the cusp of a transformative era, as the World Bank's proposed interventions aim to revolutionize the city's housing and transport sectors. This bold move is set to unlock a better tomorrow for the city's rapidly growing population, with a focus on empowering low- and middle-income residents.

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With cement prices soaring in Nigeria, industry stakeholders encourage BUA Group to own up to its shortcomings, apologize, and recommit to its promises, sparking positive change.

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Amidst the recent downturn in cement demand, a key component of the construction industry, a new era of innovation, collaboration, and progress is unfolding, as cement manufacturers, real estate developers, and construction workers join forces to address the impact of soaring prices and a slowdown in construction activity, and create a more resilient and thriving industry.

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In a surprising move amidst mounting financial pressure, Country Garden, one of China’s largest property developers, has terminated its long-standing partnership with global audit firm PwC (PricewaterhouseCoopers). This decision, announced in a company filing on September 7, 2024, signals the developer’s ongoing efforts to navigate its liquidity crisis as China’s real estate market grapples with significant challenges.

China Property Developer Country Garden Removes PwC as Auditor Amid Financial Struggles In a surprising move amidst mounting financial pressure, Country Garden, one of China’s largest property developers, has terminated its long-standing partnership with global audit firm PwC (PricewaterhouseCoopers). This decision, announced in a company filing on September 7, 2024, signals the deve...

Located in the heart of Victoria Island, Lagos, the 1004 Housing Estate is a landmark residential complex distinguished by its historical importance, modern facilities, and prime location. Originally built in the 1970s to house federal government employees, the estate has evolved into a highly sought-after residential area, seamlessly integrating its heritage charm with contemporary living standards.

Discover the 1004 Housing Estate in Lagos: A Comprehensive Guide 1004 Housing Estate Situated in the heart of Victoria Island, Lagos, the 1004 Housing Estate stands as a landmark residential complex renowned for its historical significance, modern amenities, and prime location. Originally constructed in the 1970s to accommodate federal government staff, 1004 Hous...

Before the rise of real estate technology, it was hard to know a home’s value until a state-licensed appraiser visited the property and made an estimate, weighing pros like a chic patio against cons like a mildewy basement.

Real Estate Technology: 46 Companies to Know in 2024 Before the rise of real estate technology, it was hard to know a home’s value until a state-licensed appraiser visited the property and made an estimate, weighing pros like a chic patio against cons like a mildewy basement. Today, artificial intelligence and neural networking can do the work of ap...

Investing in residential or commercial property is an amazing journey, however it has pitfalls even the most skilled purchasers can fall into if they aren’t careful.

How to buy residential or commercial property UK Important information Tax treatment depends upon your individual situations and may undergo future change. Read more Your capital is at risk. All investments carry a degree of risk and it is important you comprehend the nature of these. The worth of your investments can decrease as well as up and yo...

Investing in residential or commercial property doesn’t always imply purchasing buildings. There are lots of methods you can buy residential or commercial property, either directly or indirectly.

How to buy residential or commercial property < img src="https://img.money.co.uk/t014ej9w3ur1/1OYYdq7OHEx0Ho8StLGwq8/b3fb654a7b9f80a06a58912012651523/shutterstock_593346773.jpg?" > Investing in residential or commercial property doesn't always imply purchasing buildings. There are lots of methods you can buy residential or commercial property,....

A Lagos-based real estate agent has come under scrutiny following allegations of defrauding a client of ₦36 million in a high-profile property deal gone wrong.

Lagos Estate Agent Allegedly Defrauds Client of ₦36 Million Lagos, August 10, 2024 – A Lagos-based real estate agent has come under scrutiny following allegations of defrauding a client of ₦36 million in a high-profile property deal gone wrong. The agent, whose identity is yet to be fully disclosed, was reportedly entrusted with the sum by a client inten...

In an effort to ease the burden of rent payments for tenants in Lagos State, the government recently launched an innovative rent payment platform. While the initiative aims to provide financial relief and flexibility to residents, there are growing concerns that the platform could inadvertently lead to an increase in annual rent payments.

Lagos State’s Rent Payment Platform: Will It Increase Your Annual Rent? In an effort to ease the burden of rent payments for tenants in Lagos State, the government recently launched an innovative rent payment platform. While the initiative aims to provide financial relief and flexibility to residents, there are growing concerns that the platform could inadvertently lead...

Anambra State Government has commenced the demolition of illegal structures across the state. The move, aimed at restoring order and ensuring adherence to urban planning regulations, has seen bulldozers raze down several buildings in recent weeks.

Anambra Cracks Down on Illegal Structures Anambra State Government has commenced the demolition of illegal structures across the state. The move, aimed at restoring order and ensuring adherence to urban planning regulations, has seen bulldozers raze down several buildings in recent weeks. According to the Anambra State Physical Planning Boa...

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Dubai, a city renowned for its luxurious lifestyle and towering skyscrapers, is experiencing an unusually hot summer. Temperatures have soared to record highs, exceeding 45°C (113°F) in recent days. As the mercury rises, the city’s hospitality sector is witnessing an unexpected phenomenon: a significant drop in hotel prices.

Extreme Heat in Dubai Leads to Significant Price Drops in Hotels Dubai, a city renowned for its luxurious lifestyle and towering skyscrapers, is experiencing an unusually hot summer. Temperatures have soared to record highs, exceeding 45°C (113°F) in recent days. As the mercury rises, the city’s hospitality sector is witnessing an unexpected phenomenon: a sig...

With a history spanning over 80 years, this community faces an uncertain future due to imminent demolition plans by the authorities.

Ruga, 80-Year-Old Rural Abuja Community Living in Fear of Bulldozer Brutality Abuja, Nigeria – Ruga, a serene rural community on the outskirts of Abuja, is grappling with an existential threat as fears of bulldozer brutality loom over its residents. With a history spanning over 80 years, this community faces an uncertain future due to imminent demolition plans by the author...

Speaking at a recent industry conference, Abdul Samad Rabiu, Chairman of BUA Group, emphasized the company’s commitment to making cement more affordable and accessible for Nigerians.

BUA Cement Hints at Price Reduction Amid Industry Shifts Lagos, Nigeria – In a significant development that could reshape the cement market landscape in Nigeria, BUA Cement has announced potential plans to reduce the price of its cement products. This move comes as part of the company’s broader strategy to support the nation’s construction sector an...

The Ministry of Housing has partnered with the World Bank Group to launch an ambitious land formalization programme. This initiative is projected to unlock a staggering $300 billion in dead capital, providing a significant boost to economic activities and financial inclusion.

Housing Ministry and World Bank Group Join Forces to Unlock $300 Billion in Dead Capital Through Land Formalization Programme Lagos, Nigeria – July 24, 2024 – In a landmark initiative aimed at revitalizing the nation’s economy, the Ministry of Housing has partnered with the World Bank Group to launch an ambitious land formalization programme. This initiative is projected to unlock a staggering $300 billion in dead ca...

In excellence and entrepreneurship, Adbond Homes has awarded plots of land to the winners of the prestigious Mr. & Miss UNILAG 2024 competition. This generous gesture underscores the real estate company’s commitment to fostering the dreams and ambitions of young Nigerians.

Mr. & Miss UNILAG 2024 Become Landowners Courtesy of Adbond Homes Lagos, Nigeria – July 24, 2024 – In a landmark celebration of youth excellence and entrepreneurship, Adbond Homes has awarded plots of land to the winners of the prestigious Mr. & Miss UNILAG 2024 competition. This generous gesture underscores the real estate company’s commitment to fostering ...

Mayluv World, a premier destination for luxury products, is excited to announce the launch of its new e-commerce platform. This development marks a significant milestone in the company’s mission to make elegance and exceptional quality accessible to discerning customers worldwide.

Mayluv World Unveils New E-Commerce Platform, Enhancing Luxury Shopping Experience Mayluv World, a premier destination for luxury products, is excited to announce the launch of its new e-commerce platform. This development marks a significant milestone in the company’s mission to make elegance and exceptional quality accessible to discerning customers worldwide. Mayluv World has...

In a decisive move to curb the rising incidents of building collapse in the state, the Lagos State Government has revoked all existing building permits. This drastic action follows the tragic collapse of a building in Maryland, Ikeja, which claimed the lives of five workers.

Lagos State Government Cracks Down on Building Construction Lagos, Nigeria – July 27, 2024 – In a decisive move to curb the rising incidents of building collapse in the state, the Lagos State Government has revoked all existing building permits. This drastic action follows the tragic collapse of a building in Maryland, Ikeja, which claimed the lives of f...