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Top National Headline News

Appraisal Standardisation in Nigerian finance industry - A Utopian fantasy? 

A friend told me recently that his family house in Lagos had just been sold for several millions of naira. When I asked how they had ar­rived at the amount as a correct reflection of the value of their home, he informed me that an appraisal had been completed on it, and actually gave me ac­cess to the appraisal. Read More    

Experts see opportunities in Lagos land cost reduction

In a move aimed at reducing the cost of land acquisition and ease the process of land documentation, the Lagos State Government last week reviewed the charges on land transactions, but the development has not been entirely welcomed by stakeholders, who are rather examining the long-term effect of the policyRead More   

Investors, developers optimistic of vibrant post-election real estate sector

For a number of reasons which include the persisting housing deficit estimated at 17 million units, rising urbanisation and evolving scenarios that are likely to stimulate supply, investors and developers are optimistic that the real estate sector in Nigeria will become vibrant again after the general elections slated for next monthRead More

Cornerstone sets Phase 2 of N1.4bn housing project in motion

The management of a leading and pioneer housing estate developer in the country, Cornerstone Real Estate Ltd, has reiterated its commitment to increase the housing stock in the country with the commencement of the second phase of its Oregun Housing Estate in Lagos. Read More 

Lagos gets first lease-to-own housing scheme

Lagos State Governor, Babatunde Fashola has inaugurated the first phase of the Co-operative Home Ownership Incentive Scheme (CHOIS) City residential estate in Agbowa-Ikosi . The initiative, which comprises 280 two-bedroom semi-detached bungalows and 180 three-bedroom semi-detached, is  private sector initiative  aimed at addressing the housing deficit in the state.It  also represents government’s first step in its planned lease-to-own scheme. Read More     

Why housing gap hasn't been bridged, by Stakeholders

Operators and stake -holders have suggested  ways of moving the sector forward. Rising from a workshop on the Fourth National Council on Lands, Housing and Urban Development in Uyo, the Akwa Ibom State capital, participants said there was need to scale up the national cadastral and township mapping. Read More 


             Introducing Illinious Court!!!

Illinious Court is the newest entrant to the sprawling number of mini estates located in the Yaba GRA enclave mostly referred to as “Yaba Tech Staff Quarters”. See Details   

Introducing Midland Court!!!

Midland Court is an upcoming residential development located along the Northern Foreshore Scheme on Chevron Drive being developed by Gran Imperio Group (GIG) and Sterling Bank. See Details

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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