Property market anticipates slide in office space prices in 18 months

Expectation is high in the property market that in the next 12 to 18 months when a good number of pipeline prime office space projects would have been completed, competition for tenants will be keen, leading to downward adjustment of rental prices.

Rising demand has prompted a surge in the development of top quality office buildings, some of which will be completed by the end of this year. These include the Rose of Sharon Tower, NIPOST Tower, Kanti Tower, etc in Lagos. These will be bringing about

LagosHOMS excites property market, produces 131 fresh homeowners

The Lagos State Home-Owners Mortgage Scheme (LagosHOMS) has continued to excite the property market with its monthly draws which produced homeowners and, by implication, lightens the state’s housing deficit burden estimated to be as high as two million units.

The scheme which was formally inaugurated in March this year by Babatunde Fashola, the state governor, has produced well over