DAILY TRUST NEWSPAPER (SEPTEMBER 8, 2024)

Headline: Real Estate Valuation Critical in Tackling Building Collapse – Minister

Minister of Housing and Urban Development, Ahmed Dangiwa, has called on estate surveyors and valuers to play a vital role in preventing building collapses through accurate property inspections. Speaking at the 2024 Valuers Assembly in Abuja, Dangiwa stressed the importance of fair property valuations for safer and more sustainable buildings.

The event, themed “Valuation as a Tool for Revamping the Economy,” also saw ESV Dosu Fatokun, Chairman of the Estate Surveyors and Valuers Registration Board, highlighting the need for technology in valuation to drive economic recovery.

VANGUARD NEWSPAPER (SEPTEMBER 28, 2024)

Headline: CBN Interest Rate Increase Threatens Nigeria’s Housing Supply – Expert

The Central Bank of Nigeria’s recent interest rate hike to 27.75% is causing concern in the real estate sector. Experts, including Festus Adebayo of the Housing Development Advocacy Network, warn that developers will struggle to access funding, worsening Nigeria’s housing deficit. Rising loan costs may push property prices and rents higher, with rents in areas like Surulere potentially jumping from N500,000 to N1 million. Developers fear this will lead to housing shortages, project delays, and increased rent defaults, despite CBN’s efforts to control inflation.

PUNCH NEWSPAPER (SEPTEMBER 30, 2024)

Headline: Surveyors Advocate Women’s Involvement in Surveying

Mrs. Ajoke Akintola, Coordinator of Women-In-Surveying FCT, called on Nigerian women to engage more in the surveying profession to enhance national development. Speaking at the Women-In-Surveying seminar in Abuja, she emphasized the importance of female participation in improving productivity and gender balance in the industry. Guest speaker, Dr. Moses Mefe, urged government support, stating that women’s involvement is vital for technological progress. Participants agreed that empowering women in surveying could drive national growth and innovation.

SEPTEMBER 2024 REAL ESTATE NEWS HIGHLIGHT

SEPTEMBER 2024 REAL ESTATE NEWS HIGHLIGHT