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Wishing All Our Esteemed Clients A Happy & Prosperous 2015!!!

Top National Headline News...

Outlook for real estate mixed in 2015

Nigeria’s real estate sector in 2015 appears promising. Though, investors expect the sector to grow tremendously, but the sign appears unpredictable, following a lot of economic and political indicators. Already, naira has been devalued, oil prices are dropping in the international market and all these are signs that the economy looks gloomy in 2015. Read More    

FG built 43,125 housing units in four years - Minister 

The Federal Government through the Federal Mortgage Bank of Nigeria and the Federal Housing Authority raised the national housing stock by 43,125 units from July 2010 to date, the Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi, has said. Read More  

Greed, PIB fingered for over 60% vacancy rate in Ikoyi housing market

Among the many factors, including competing alternatives, the construction of the Lekki-Ikoyi Link Bridge and what Hakeem Oguniran, UPDC’s MD, calls ‘concrete jungles’, which account for the high vacancy rate estimated at 60-70 percent in Ikoyi housing market, greed and the lingering petroleum industry bill (PIB) have been identified as major contributors to the situation in this upscale market.  Read More

Mulk Holdings in $40m investment to transform National Theatre to retail facility

Mulk Holdings, a United Arab Emirate business conglomerate, is out with $40 million investment to transform Nigeria’s socio-cultural monument—the National Arts Theatre—into a shopping mall. This investment is part of the conglomerate’s strategic plans to spread its footprints in more emerging markets, especially in Sub-Saharan Africa considered a green field for Foreign Direct Investment (FDI). Read More

Housing sector on track for growth - Stakeholders

In making projections for the New Year, stakeholders are of the opinion that some of the steps taken in 2014 will boost the growth of the housing and construction sector in 2015. Some of the problems plaguing the building and construction industry were largely identified in the year 2014, which was described as eventful by stakeholders. Read More    

2014 performance of real estate / construction equities

In 2014, downward spiraling oil prices, volatile currency markets and insurgency overshadowed Nigeria being named Africa’s largest economy. As foreign investors exited and bears dominated the investment landscape, the performance of core asset classes was abysmal. Read More  

 Lagos Home Ownership Mortgage Scheme (Lagos HOMS)

The Lagos Home Ownership Mortgage Scheme (Lagos HOMS) is a government initiative to encourage and support home ownership of First-Time Buyer (FTB) residents of Lagos State to purchase decent and affordable homes through the provision of accessible mortgage finance. Lagos HOMS is administered by the Lagos Mortgage Board (LMB). Read More  

RAC Lagos House Price Index

The RAC Lagos House Price Index is the first market index to show house price movements in Lagos. To learn more about our index please. Read More

RAC Featured New Residential Developments

• undefined   Alcove Homes

•     Bourdillon Court Phase 3

• undefined   Peace Court

•   Praiseville Gardens Estate

•    Royal Estate

To see more of the residential developments we are currently promoting please Click Here

RAC Research Reports

You can download our past research reports from our reports page, please Click Here

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General Enquiries

For general enquiries into any of the developments we are promoting on our platform, please send an e-mail to info@rac.com.ng
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