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How Is Urbanization in Africa Affecting Real Estate?

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Published in Real Estate
Monday, 06 July 2015 00:00
According to the United Nations, by 2030, Africa and Asia will have higher numbers of urban dwellers than any other major area of the world. This rapid urbanization is affecting many cities in Africa, where the working population is young, increasingly affluent, educated and career-focused; as the younger population has…
As a sign of the increasing potential of the Nigerian economy and its attractiveness to global players, developers are expected to invest close to N400bn in the development of luxury office accommodation across the country between now and 2017. This year, office complexes, including the Civic Centre Towers, with 13…

Construction of Mikasa Residences,Abuja

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Published in Real Estate
Monday, 06 July 2015 00:00
Mikasa Residences is a state of the art ultra modern estate to be built on 12.5 hectares of land located at KM 10, Airport Road, Galadimawa, Abuja owned by African University of Science and Technology. The Mikasa Residences when completed will consist of 230 units comprising of 184 units of…

Churchgate’s World Trade Centre, Abuja Nearing Completion

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Published in Real Estate
Friday, 03 July 2015 00:00
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 while conducting a tour of facilities in the centre said his company is poised to fill a gap and end capital…

Tenancy Law, Multiple Taxation Driving Up House Rents In Lagos

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Published in Real Estate
Wednesday, 01 July 2015 00:00
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…
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