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Nigeria's mortgage market roars to life as NMRC offers N440bn bonds

Nigeria’s much needed mortgage market will take a new life next week as the Nigerian Mortgage Refinancing Company(NMRC) kicks off the expansive scheme that will see it raise an initial N10billion in bonds. The state-backed mortgage-refinance company will sell a total N440 billion ($2.2 billion) of bonds as it seeks to expand access to housing funds, its chief executive officer told Bloomberg. Read More

Churchgate unfolds the World Trade Center Abuja

Churchgate Group, the financier of the World Trade Center Abuja has said it was powered by economic vision to invest in Nigeria. Group Managing Director Churchgate Mr Vinay Mahtani who took this reporter on tour of facilities in the centre said his company is poised to fill a gap and end capital flight in Nigeria. Read More 

Creativity will strengthen Nigeria's real estate market

Adeyinka Adesope is the Director, Grenadines Homes. In this interview with MAUREEN IHUA-MADUENYI, he says a lot of efforts are going into addressing housing needs in the country. Read More

Tenancy law, multiple taxation fingered for high house rent in Lagos

Arguably, Lagos State, Nigeria’s commercial capital, is the country’s most active and most expensive rental market where tenants at its highbrow areas pay as much as N10 million and N15 million per annum for three bedroom apartment while similar apartments in the low-mid income areas go for between N250,000  and N2.5 million. Read More

Govt should establish housing development fund, says corporations 

The ineffective mortgage system to support purchasing power of low-income earners is a big threat to effective housing development, says AHCN President, Dr. Ifenna E. Chukwujekwu. He concludes that the current cash and carry system for acquisition of property needs to be addressed to assist the people in home acquisitionRead More


New Development Focus - Mikasa Estate

Mikasa Estate or Residences is the newest residential development to emerge in the highly acclaimed Abuja housing market. Designed as a low density residential development, Mikasa Estate offers future residents a unique and thrilling living experience with all the on-site facilities and amenties to be provided in the estate. Read More 

Spotlight on Lagos Housing Development - Eko Atlantic City

You can now download our latest Spotlight series report which takes a special focus on the Eko Atlantic City project. Click Here

Propertymart Offers a Unique Investment Opportunity With Fairmont Homes

Propertymart is offering a minimum guaranteed 25% ROI to prospective subscribers on its new scheme Fairmont Homes. To find out more  Click Here

RAC Featured New Developments  

•  Alcove Homes

•   Illiniois Court

• 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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