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FG Scraps 10% Equity Contribution on Housing Mortgage Within N5m Range

6/3/2017/Thisday By Chineme Okafor in Abuja The federal government has said henceforth, housing mortgages below N5 million will no longer attract the usual initial payment of 10 per cent equity… Read more »

Fitch: Global Home Prices to Rise in 2017, Despite Government Measures

(This statement was made by Fitch Ratings on February 16, 2017) Lagos (INVESTADVOCATE)-Fitch Ratings-London/New York/Sydney-16 February 2017: Fitch Ratings says in its latest Global Housing and Mortgage report that while… Read more »

Bold Initiatives for Housing; FMBN is Developing a Diaspora Mortgage Housing Scheme

Culled—Proshare 23/1/2017/FBNQuest Research Official records place the country’s housing deficit at 17 million units. In the current economic downturn, the real estate sector contracted by -7.4% y/y in Q3 2016… Read more »

AfDB approves 570 Million Rands Loan to Finance Affordable Housing in South Africa

October 12, 2016/AfDB The Board of Directors of the African Development Bank Group (AfDB) has approved a Senior Loan of ZAR 570 million to South Africa’s Housing Investment Partners Trust… Read more »

The Reverse Supply Curve of Property in Lagos; Real Estate Vacancy Index up by 4.2%

Culled—-Proshare August 9, 2016/FDC Vacant properties in Lagos are not only enigmatic but also confusing to analysts.  Instead of rents crashing as housing supply increases, we are seeing landlord resistance… Read more »

GTBank Named Most Innovative Bank in Africa, Segun Agbaje Banker of the Year

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc (GTBank) has emerged winner of the most innovative bank in Africa Innovation in (Banking); while its CEO, Segiun Agbaje… Read more »

Only 1.5% NHF contributors get mortgage loans —FMBN

Out of the four million registered contributors to the National Housing Fund, only 60,000 or 1.5 per cent of the total have been able to access mortgage loans, the Federal… Read more »

United Mortgage Bank, Spring Mortgage plan merger

United Mortgage Bank Limited says its plan to merge with Spring Mortgage Plc is already at an advanced stage and may be completed any time soon. The Managing Director and… Read more »

NDIC to increase mortgage bank customers’ deposit cover

The Nigeria Deposit Insurance Corporation on Monday unveiled plans to increase the deposit insurance coverage for customers of Primary Mortgage Banks operating in the country. The Managing Director/Chief Executive, NDIC,… Read more »

66,402 Applicants Subscribe to New Mortgage Refinancing Scheme

No fewer than 66,402 applications have been filed for pre-qualification since August 2 when the federal government jump-started the new mortgage refinancing system for an initial 10,000 mass housing delivery… Read more »