Real Estate

China’s property slowdown sends chill through the economy

New homes have anchored growth for decades but Beijing is determined to rein in prices Until just a few weeks ago, sales at three residential developments in the eastern Chinese city of Jinan were booming. But in September, traditionally one of the busiest months for purchases of new homes, the mood has soured.

6 Critical Challenges Facing Nigeria’s Property Market

Despite the encouraging and evolving trends, the Nigeria property market is experiencing and the rapid urbanization of various cities in the country, the Nigeria real estate industry is still burdened by several issues that are hindering its growth. Some of the issues affecting the Nigeria property market and suffocating it from achieving it’s true potential include;

Council of Lands frown at excessive Agent fees

The Council on Housing, Land and Urban Development has said agency fees being charged across board by professionals and agents for the rent of properties shall not exceed a maximum fee to be paid by the person who employs the professional or the agent subject to what each state legislates.

Averting building collapse in Nigeria

I wish to call on regulatory authorities at all levels to rise up to the responsibility of ridding the building sector of quacks, although the Nigerian Institute of Building (NIOB) is a body of professionals, it cannot perform the regulatory function as it is not empowered by law to do so.

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