Report charts new course for Lagos housing market

The relationship between income and affordability of housing as well as ability to meet equity contribution for accessing mortgages for various income groups are the basic elements in the interplay between the forces of demand and supply in the housing sector, a study has revealed.

The report, which is the second in its series, by the Roland Igbinoba Real Foundation for Housing and Urban Development, titled the State of Lagos Housing Market has taken a critical look at the various segments of the real estate sector with a view to providing a veritable source of information for future investors as well as policy makers.

The State of Lagos Housing Market research report dwells on analysis of key supply-side and demand trends; detailed segmentation of international and local products; historic and current data on housing statistics in Lagos; house price index-measuring across major districts; luxury consumer insight and the average consumer’s demands on housing by specific towns and districts.

 

With a focus on the Lagos State situation, the report draws emphasis from the high commercial value of the state, which is predicated upon its high population density and states that Lagos State remains the commercial nerve of Nigeria with a high concentration of business activities and is at the moment, the most progressive in terms of infrastructure in Nigeria.

Roland Igbinoba

It further revealed that Facebook sources shows that human migration to Lagos grew at the rate of 18.6 per cent between 2000 and 2012, even as the Lagos State government’s Economic Intelligence Unit put the population of Lagos at 20.19 million with a growth rate of 3.2 per cent per annum and an urbanization rate of 16 per cent. Consequently, there are 20,000 persons per square kilometer and a daily intake of 3,000 people coming in from other states placing it as the top travel destination and its accommodation needs a huge puzzle especially at the low and middle-income levels.

The report thus offers the reader an opportunity to discover the latest market trends and uncover sources of future market growth for the real estate industry in Nigeria, find hidden opportunities in the most current research data in order to understand competitive threats through detailed market analysis, and plan corporate strategy based on expert qualitative analysis and growth projections offered in the report.

According to its author in the opening statements, “If you’re in the property market in Lagos, Nigeria, this report serves as a market intelligence tool. Our research will save you time and money while empowering you to make informed, profitable decisions.”

It further reads: “Supportive framework for providing adequate shelter has been set up by the Nigerian government in an effort to alleviate the housing deficit, which currently stands at 17 million units. The introduction of the National Housing Policy in 2006 and the Nigerian Mortgage Refinance Commission have to an extent, created a more flexible environment for the private sector to participate in housing development. The Lagos State government is directly involved in constructing more homes under the Lagos Homs scheme but the continuous surge in population is not matched with speedy delivery of affordable homes.

The extent of housing shortage is enormous. In two years, government efforts have yielded not more than 10,000 affordable housing units, which is a short fall from the projection of 224,000 housing units needed annually”.

 

The Chairman, Roland Igbinoba Real Foundation for Housing and Urban Development, Dr. Newton Jibunoh further wrote in the report that the general paucity of research and reports across most sectors in Nigeria has been palpable and even more pronounced in less lucrative fields, with the real estate sector being mostly affected.

“Surprisingly, the real estate sector has borne the brunt of this general disposition and has become subject to an apathy that is conveniently and selectively applied. In general, the more visible aspect of real estate, which ranges from agency, property management to property development and sale, has thrived more, witnessing greater participation. Interestingly, this has not crystallized into significant profits because of the lack of data availability and adequate research information for investment decision.

“The United Nations estimates Nigeria’s population to be 1285,308, 154 ranking seventh in the list of countries by population in the world, with about 50 percent of that number residing in urban areas. In the past 20 years, we have witnessed an average population growth of 2.a6225 percent and projections show a steady rise in these figures for the next 34 years. By the year 2050, it is projected that Nigeria’s population, at 398,507,704, would be the third largest and contributing 4.22 percent in the world with urban population rising to 74.1 percent. The figures from this projection emphasize one cardinal fact: shelter would continue to be in demand and Nigeria’s housing need poses to be a continuing problem if not strategically addressed.”

Research findings of the report revealed that the high housing demand has spurred increased participation by the private sectors including banks, construction firms, real estate developers, mortgage lenders and individual investors. The direct consequence has come in the form of several new developments and construction of housing estates with good roads, security, water, recreational facilities and other supportive infrastructure. The luxury market, on the other hand is also seen as thriving with leading brands such as the Eko Atlantic developing high-rise apartments with state of the art technology. Developers, it says, have also built strong brand loyalty making them well positioned in the prime market even as the luxury segment is today benefiting from the absence of well serviced apartments, inadequate power supply, poor city planning and many more inadequacies which do not cater to the needs of a rising number of high net worth individuals currently put at 15,400 persons in Lagos. In essence, the luxury market has experienced growth due to increased earnings of individuals and groups.

 

The report asserted that 2015 was not a very good year for the Nigerian real estate market because the country’s financial crisis from oil price crash and naira devaluation resulted in a slow property trading and a change in homebuyers spending habits, translating to less people being prepared to buy houses than those going for rentals. This equally led to new market interests in the affordable housing and luxury market.

In its words: “We have collected data in specific towns weighing their purchasing power and consumer behavior. A concentration of high-income earners and a dense population in Ajah is mismatched with poorly managed apartments especially in the Ajah-Badore axis. An un-serviced studio apartment currently rents for N250,000 per annum compared to N350,000 for a serviced one. We foresee a rise in demand for serviced apartments in the Ajah axis of Lagos with favorable demographics. This is a class of luxury already gaining market acceptance considering the cost, time and inconvenience involved in self-servicing an apartment every year. Our insight further expands to discoveries in other locations covered in this report.

Giving background to the study, the report reads: “Recent estimates of Nigeria’s housing demand indicate a deficit of 17 million units in Nigeria, with an additional two million units required every year. Although this data may be largely justifiable, there is very limited information on the nature and dynamics of the different aspects of housing in the country. This poses a problem just as huge as the housing deficit itself, as it makes it extremely difficult for current and potential stakeholders in the sector to proffer lasting solutions or draft a sustainable roadmap for the future of housing. Other times the reports are often available, but not aggregated as one detailed compendium of useful information.”

Governor Akinwumi Ambode‎ and Ooni of Ife, Adeyeye Enitan Ogunwusi Launch RIRFHUD’s “State of Lagos Housing Market Report 2016” | Photos

Launch of The State of Lagos Housing Market Report1

Ooni of Ife holding the report.

*Finds Lagos housing deficit at 2.9 million housing units
*Over 71 per cent of Lagosians default on rent

Over the weekend, “The State of Lagos Housing Market Report – Volume 2” was launched by the Roland Igbinoba Real Foundation for Housing and Urban Development, RIRFHUD amidst all relevant industry stakeholders.

The report, which was formally presented to the public at an event held at the Grand Ballroom, Eko Hotel and Suites, Victoria Island, Lagos outlines many indices in the residential real estate market in Lagos. For example, the report states that Lagos state housing deficit is 2.9million units, and that 71 percent of Lagosians default in their rents. Furthermore, as many as 66 percent of respondents surveyed across the length and breadth of the city-state, disclosed that they yet preferred traditional brick and mortar constructions to houses made with alternative building technologies.

The report is a sequel to the first edition that had been published and launched in 2009.

Delivering his address as royal father of the Day, the Ooni of Ife, His Imperial Majesty, Adeyeye Enitan Ogunwusi Ojaja II, who is himself a notable player in the Lagos and Nigerian housing market called on stakeholders in the industry to cooperate more amongst themselves and with government to ensure that Nigeria moves from housing construction to housing manufacturing, affirming that this was the only way the present colossal housing deficit in the country which is put at about 20million can be reversed.

On his part, Lagos Governor, Akinwunmi Ambode, represented by the State Commissioner for Housing, Honorable Gbolahan Lawal disclosed that the state had presently commenced a rent-to-occupy scheme to enable more of the teeming numbers of its population be able to access and afford houses of their own. Later in the event, the Ooni of Ife and the Executive Governor (represented by Honorable Gbolahan Lawal) unveiled the report.

Speaking on how the report will impact the economy, Newton Jibunoh, Chairman of the foundation noted that through the publication of the book, they have given support to a fledgling sector of the economy, thereby contributing to the process of effecting a small change.

Running through a brief of the report that was said to have taken four years (2012 to 2016) to gather, Roland Igbinobia, the founder of RIRFHUD began with the Lagos HOMS project, which he says has about 10,000 units, both completed and uncompleted. He spoke about the Nigeria Mortgage Refinance Company (NMRC) and the amount so far accessed from the NMRC and mortgage institutions involved.

“We looked at the impact of the NMRC because there has been a lot of conversation around the setting up of this secondary mortgage institution. About N1.8billion has been accessed from the NMRC. These comprise Imperial Homes, N970million; Home base Mortgage Bank, N492million, and Trust Bond Mortgage Bank, 300million. There is a lot to be tapped from NMRC. We just feel that a lot needs to be done,” he said.

Giving further insight into the content of the research work, Igbinobia said:

We decided to look at luxury residential market; this became important because if you look at Bourdillon, Eko Atlantic City, Church gate, we were taken aback as to why investors are doing luxury real estate when there is a huge clamour for low and medium income housing. Interestingly, what we found out is that people are moving away from the 1000sqm and 1,500sqm of houses to some three bedrooms four bedrooms luxury fully serviced apartment. You see people moving from the Ikoyi/Banana Island areas to do some off plan projects for luxury development.

See Photos below:

Ooni Of Ife making a speech at the event. Others on Stage are Hon. Gbolahan Lawal, Honorable Commissioner for Housing, Lagos State, (representing Governor Ambode) Dr. Newton Jibunor, Chairman, Roland Igbinoba Real Foundation for Housing and Urban Development (RIRFHUD) and Mr. Roland Igbinoba, Executive Vice Chairman, Roland Igbinoba Real Foundation for Housing and Urban Development (RIRFHUD)

Ooni Of Ife making a speech at the event. Others on Stage are Hon. Gbolahan Lawal, Honorable Commissioner for Housing, Lagos State, (representing Governor Ambode) Dr. Newton Jibunor, Chairman, Roland Igbinoba Real Foundation for Housing and Urban Development (RIRFHUD) and Mr. Roland Igbinoba, Executive Vice Chairman, Roland Igbinoba Real Foundation for Housing and Urban Development (RIRFHUD)

Launch of The State of Lagos Housing Market Report3

Roland Igbinoba, Executive Vice Chairman,(RIRFHUD) making a speech at the event.

Hon. Gbolahan Lawal, Honorable Commissioner for Housing, Lagos State, (representing Governor Ambode) making a speech. Others on stage are Ooni of Ife and His Wife, Dr. Newton Jibunor, Chairman,(RIRFHUD) and Mr. Roland Igbinoba, Executive Vice Chairman, (RIRFHUD)

Hon. Gbolahan Lawal, Honorable Commissioner for Housing, Lagos State, (representing Governor Ambode) making a speech. Others on stage are Ooni of Ife and His Wife, Dr. Newton Jibunor, Chairman,(RIRFHUD) and Mr. Roland Igbinoba, Executive Vice Chairman, (RIRFHUD)

 From left to right, Mr. Gbenga Olaniyan - MD/CEO, Estate Links International, Mr Roland Igbinoba, Executive Vice Chairman, (RIRFHUD) and Mr. Mustapha Njie - MD/CEO TAF Africa Homes, Nigeria/Gambia.

From left to right, Mr. Gbenga Olaniyan – MD/CEO, Estate Links International, Mr Roland Igbinoba, Executive Vice Chairman, (RIRFHUD) and Mr. Mustapha Njie – MD/CEO TAF Africa Homes, Nigeria/Gambia.

Mr. Roland Igbinoba, Executive Vice Chairman (RIRFHUD), Hon. Gbolahan Lawal, Hon. Commissioner for Housing, Lagos State, Ooni of Ife & Wife, Mr. Ahmad Abdulahi, Director - Other Financial Institutions Supervision Department (OFISD), Central Bank of Nigeria (representing the Governor, Central Bank of Nigeria).

Mr. Roland Igbinoba, Executive Vice Chairman (RIRFHUD), Hon. Gbolahan Lawal, Hon. Commissioner for Housing, Lagos State, Ooni of Ife & Wife, Mr. Ahmad Abdulahi, Director – Other Financial Institutions Supervision Department (OFISD), Central Bank of Nigeria (representing the Governor, Central Bank of Nigeria).

 Dr. Femi Johnson, President - Mortgage Banking Association of Nigeria (MBAN) & CEO, Homebase Mortgage Bank, Mr. Ahmad Abdulahi, Director - Other Financial Institutions Supervision Department (OFISD), Central Bank of Nigeria, Dr. Newton Jibunoh - Chairman, Roland Igbinoba Real Foundation for Housing & Urban Development (RIRFHUD), Mr. Roland Igbinoba, Executive Vice Chairman (RIRFHUD), Hon. Gbolahan Lawal - Honorable Commissioner for Housing, Lagos State (representing the Executive Governor of Lagos State), His Imperial Majesty, Arole Oduduwa, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, The Ooni of Ile-Ife & Olori Adeyeye Ogunwusi (The Ooni's wife), Kunle Faleti - Project Consultant for the World Bank/IFC, Nigeria Housing Finance Program, Central Bank of Nigeria.

Dr. Femi Johnson, President – Mortgage Banking Association of Nigeria (MBAN) & CEO, Homebase Mortgage Bank, Mr. Ahmad Abdulahi, Director – Other Financial Institutions Supervision Department (OFISD), Central Bank of Nigeria, Dr. Newton Jibunoh – Chairman, Roland Igbinoba Real Foundation for Housing & Urban Development (RIRFHUD), Mr. Roland Igbinoba, Executive Vice Chairman (RIRFHUD), Hon. Gbolahan Lawal – Honorable Commissioner for Housing, Lagos State (representing the Executive Governor of Lagos State), His Imperial Majesty, Arole Oduduwa, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, The Ooni of Ile-Ife & Olori Adeyeye Ogunwusi (The Ooni’s wife), Kunle Faleti – Project Consultant for the World Bank/IFC, Nigeria Housing Finance Program, Central Bank of Nigeria.

Launch of The State of Lagos Housing Market Report8

Mr. Ahmad Abdulahi, Director – Other Financial Institutions Supervision Department (OFISD), Central Bank of Nigeria, Dr. Newton Jibunoh – Chairman, Roland Igbinoba Real Foundation for Housing & Urban Development (RIRFHUD), Mr. Roland Igbinoba, Executive Vice Chairman (RIRFHUD), Hon. Gbolahan Lawal – Honorable Commissioner for Housing, Lagos State (representing the Executive Governor of Lagos State), His Imperial Majesty, Arole Oduduwa, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, The Ooni of Ile-Ife & Olori Adeyeye Ogunwusi (The Ooni’s wife), Kunle Faleti – Project Consultant for the World Bank/IFC, Nigeria Housing Finance Program, Central Bank of Nigeria.

Launch of The State of Lagos Housing Market Report9

Dr. Femi Johnson, President – Mortgage Banking Association of Nigeria (MBAN) & CEO, Homebase Mortgage Bank, Mr. Ahmad Abdulahi, Director – Other Financial Institutions Supervision Department (OFISD), Central Bank of Nigeria, Dr. Newton Jibunoh – Chairman, Roland Igbinoba Real Foundation for Housing & Urban Development (RIRFHUD), Mr. Roland Igbinoba, Executive Vice Chairman (RIRFHUD), Hon. Gbolahan Lawal – Honorable Commissioner for Housing, Lagos State (representing the Executive Governor of Lagos State), His Imperial Majesty, Arole Oduduwa, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, The Ooni of Ile-Ife & Olori Adeyeye Ogunwusi (The Ooni’s wife), Kunle Faleti – Project Consultant for the World Bank/IFC, Nigeria Housing Finance Program, Central Bank of Nigeria.

Launch of The State of Lagos Housing Market Report10

Dr. Newton Jibunoh – Chairman, Roland Igbinoba Real Foundation for Housing & Urban Development (RIRFHUD), His Imperial Majesty, Arole Oduduwa, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, The Ooni of Ile-Ife & Olori Adeyeye Ogunwusi (The Ooni’s wife), Kunle Faleti – Project Consultant for the World Bank/IFC, Nigeria Housing Finance Program, Central Bank of Nigeria.

Launch of The State of Lagos Housing Market Report11

Dr. Newton Jibunoh – Chairman, Roland Igbinoba Real Foundation for Housing & Urban Development (RIRFHUD), Mr. Roland Igbinoba, Executive Vice Chairman (RIRFHUD), His Imperial Majesty, Arole Oduduwa, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, The Ooni of Ile-Ife & Olori Adeyeye Ogunwusi (The Ooni’s wife), Kunle Faleti – Project Consultant for the World Bank/IFC, Nigeria Housing Finance Program, Central Bank of Nigeria.

Launch of The State of Lagos Housing Market Report12

Dr. Newton Jibunoh – Chairman, Roland Igbinoba Real Foundation for Housing & Urban Development (RIRFHUD), His Imperial Majesty, Arole Oduduwa, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, The Ooni of Ile-Ife & Olori Adeyeye Ogunwusi (The Ooni’s wife), Mr. Roland Igbinoba, Executive Vice Chairman (RIRFHUD), Kunle Faleti – Project Consultant for the World Bank/IFC, Nigeria Housing Finance Program, Central Bank of Nigeria.

Launch of The State of Lagos Housing Market Report13

Mr. Roland Igbinoba, Executive Vice Chairman (RIRFHUD) and Dr. Femi Johnson, President – Mortgage Banking Association of Nigeria (MBAN) & CEO, Homebase Mortgage Bank.

Launch of The State of Lagos Housing Market Report14

L-R: Ibiene Ogolo – CEO, EKO Development Company, Roland Igbinoba, Executive Vice Chairman (RIRFHUD), Dr. Nurain Ibrahim, Executive Director, Bureau of Public Enterprises (representing the Director General, BPE)

For copies of the report please visit www.rirfhud.org; www.pisonhousing.com; www.reic-ng.com;
A copy of the report sells for N75,000.
You can also call 07066572300; 08105342058; 08023076551

Be A Part Of REMARP-2016

Join us in the 6th edition of the Real Estate Market Review and Projections, an annual programme organized by the Pison Housing Company, Nigeria’s award winning Housing Finance Adviser(CFI, 2015). The Real Estate Market Review and Projections is an interactive seminar that gathers the industry players in the real estate and finance sector to discuss and interpret the market trends affecting business growth in Nigeria. This programme provides our delegates a unique opportunity to review the latest developments in the property market as well as make predictions for 2016. It also serves as a forum where initiatives and strategies to drive the Nigerian real estate forward are charted.

Use this opportunity to explore the potentials of the real estate market and discover the meaning of market success for real estate which we will be discussing in this seminar. The seminar is interactive providing room for debates and group discussions and opportunities for key sector players to network and assess the applicability of the key value propositions for the real estate market to be delivered at the end of the seminar. We will examine market developments across residential and commercial properties, delve into practical investment strategies, measure consumer confidence and relate economic events to property price movements. This event will touch on critical topics such as the impact of crude oil prices and dollar appreciation on the property market, the outlook for commercial and residential properties, the retail and hospitality segment, managing risks in real estate investment and many more. Presentations are informative and include summaries of research findings, market briefs and solid business data providing insight and transparency to the Nigerian property market. At the end of this event, participants will gain a thorough understanding of the business cycle around property market, how the economy affects it and ways to reduce financial risks.

The 2016 Real Estate Market Review delegates will have the chance to attend, visit and participate in sessions where sector experts will share case studies, new projects, and insights needed to move forward in the real estate sector in Nigeria. This year’s programme will gather sector stakeholders including real estate developers, building engineers, investors, financial institutions, real estate research and consultancy services, construction companies, financial advisory services firms, building material companies and government agencies.

REGISTRATION CURRENTLY ON!!

REGISTER NOW TO ATTEND

Venue: Eko Hotel & Suites, Victoria Island, Lagos, Nigeria.

Date: 22nd March, 2016 Time: 8:30 am

REGISTER BY CLICKING HERE

 

The speakers of this event include;

Olufunmi Adepoju, CFA, CRA, ACA renowned Finance & Economics professional and MD/CEO of PearlMutual Consulting Limited;

Trevor Ward, MD/CEO, W-Hospitality Group;

Niyi Adeleye, Head West Africa, Property, STANBIC IBTC;

Dr. Femi Johnson, President, Mortgage Banking Association of Nigeria (MBAN) & MD/CEO Homebase Mortgage Bank Limited;

Roland Igbinoba, MD/CEO, FHA Mortgage Bank Limite

Chinwe Ajene-Sagna, Head West Africa, Jones Lang LaSalle (JLL)

Jide Alade, MD/CEO, Structuracasa International LLC. and

Moderator: AFOLABI IMOKHUEDE, Special Adviser, Office of the VP, FGN

WITH COFFEE & NETWORKING SESSION & LUNCH BREAK

Registration fee: 45, 900.00 per participant

For early bird registration, group discounts are available as follows:

  1. Early Bird – 10% off
  2. Up to 3 delegates – 15% off
  3. More than 3 delegates – 20% off

Early bird registration Closes March 11th

For further enquiries about this event, please email info@pisonhousing.com or call 08105342058 or 08188163166.

REMARP 2016 TABLE

Who should attend?

Real estate developers, economic analysts, mortgage bankers, capital market operators, consultants, real estate research and consultancy firms, contractors, financial advisers, legal advisers, commercial and investment bankers, new investors and business executives who have interest in the real estate investment space in Nigeria

For registration, sponsorship bookings and further enquiries, kindly email info@pisonhousing.com or call 08105342058 or 08188163166.

We look forward to seeing you at this event as we jointly chart a course to improve the real estate market in Nigeria

Real Estate Market Review and Projections(REMRP 2016)

Real Estate Market Review and Projections(REMRP 2016) is an annual programme of Pison Housing Company that usually gathers the industry players in the real estate and finance sector to discuss and interpret the market trends and dynamics. This programme provides our delegates a unique opportunity to review the latest movements in the property market as well as the make predictions for 2016. It also serves as a forum where initiatives and strategies to drive the Nigerian real estate forward are charted.

Use this opportunity to explore the potentials of the real estate market and discover the meaning of market success for real estate which we will be discussing in this seminar. The seminar is interactive providing room for debates and group discussions and opportunities for key sector players to network and the opportunity to assess the applicability of the key value propositions for the real estate market to be delivered at the end of the seminar. We will examine market developments across residential and commercial properties, delve into practical investment strategies, measure consumer confidence and relate economic events to property price movements. This event will touch on critical topics such as the impact of crude oil prices and dollar appreciation on the property market, the outlook for commercial and residential properties, the retail and hospitality segment, managing risks in real estate investment and many more. Presentations are informative and include summaries of research findings, market briefs and solid statistical data providing insight and transparency to the Nigerian property market. At the end of this event, participants will gain a thorough understanding of the business cycle around property market, how the economy affects it and ways to reduce financial risks.

Benefits

The 2016 Real Estate Market Review delegates will have the chance to attend, visit and participate in:

  • Parallel sessions presenting public and private sector experts who will share case studies, new projects, and insights needed to move forward in the real estate sector in Nigeria.
  • The ‘Invest in Real Estate Space’ where real estate developers will showcase their current opportunities and answer specific questions regarding their business.
  • The B2B ‘Meeting Space’ to secure important meetings with public and private sector decision-makers;
  • A large array of executive-level impromptu networking occasions at the venue’s salons, as well as during coffee breaks, and lunches.

This year’s programme will gather sector stakeholders including real estate developers, financial institutions, real estate research and consultancy services, economic analysts, financial advisory services firms, new investors and government agencies. Potential investors will be able to visualize the opportunities in residential and commercial properties and understand the business cycle around property investment and make smart decisions.

 

For further enquiries about this event, registration procedure, information on this event,

please reply to this Email info@pisonhousing.com or Call: 08105342058, 08188163166

 

NIGERIA REAL ESTATE MARKET
REVIEW & PROJECTIONS.

Eko Hotels & Suites, Victoria Island, Lagos

March 22,2016

8:30 AM

REGISTRATION : ₦45,900

Real Estate Market Review and Projections(REMRP 2016)

Real Estate Market Review and Projections(REMRP 2016) is an annual programme of Pison Housing Company that usually gathers the industry players in the real estate and finance sector to discuss and interpret the market trends and dynamics. This programme provides our delegates a unique opportunity to review the latest movements in the property market as well as the make predictions for 2016. It also serves as a forum where initiatives and strategies to drive the Nigerian real estate forward are charted.

Use this opportunity to explore the potentials of the real estate market and discover the meaning of market success for real estate which we will be discussing in this seminar. The seminar is interactive providing room for debates and group discussions and opportunities for key sector players to network and the opportunity to assess the applicability of the key value propositions for the real estate market to be delivered at the end of the seminar. We will examine market developments across residential and commercial properties, delve into practical investment strategies, measure consumer confidence and relate economic events to property price movements. This event will touch on critical topics such as the impact of crude oil prices and dollar appreciation on the property market, the outlook for commercial and residential properties, the retail and hospitality segment, managing risks in real estate investment and many more. Presentations are informative and include summaries of research findings, market briefs and solid statistical data providing insight and transparency to the Nigerian property market. At the end of this event, participants will gain a thorough understanding of the business cycle around property market, how the economy affects it and ways to reduce financial risks.

Benefits

The 2016 Real Estate Market Review delegates will have the chance to attend, visit and participate in:

  • Parallel sessions presenting public and private sector experts who will share case studies, new projects, and insights needed to move forward in the real estate sector in Nigeria.
  • The ‘Invest in Real Estate Space’ where real estate developers will showcase their current opportunities and answer specific questions regarding their business.
  • The B2B ‘Meeting Space’ to secure important meetings with public and private sector decision-makers;
  • A large array of executive-level impromptu networking occasions at the venue’s salons, as well as during coffee breaks, and lunches.

This year’s programme will gather sector stakeholders including real estate developers, financial institutions, real estate research and consultancy services, economic analysts, financial advisory services firms, new investors and government agencies. Potential investors will be able to visualize the opportunities in residential and commercial properties and understand the business cycle around property investment and make smart decisions.

 

For further enquiries about this event, registration procedure, information on this event,

please reply to this Email info@pisonhousing.com or Call: 08105342058, 08188163166

 

NIGERIA REAL ESTATE MARKET
REVIEW & PROJECTIONS.

Eko Hotels & Suites, Victoria Island, Lagos

March 22,2016

8:30 AM

REGISTRATION : ₦45,900

CFI 2014 AWARDS PROGRAMME

Pison Housing Company was nominated and has been awarded Best Housing Finance Advisor 2014 in Nigeria by CFI.co.

Since its founding in 2005, Pison has endeavored to gather and process copious amounts of data on the Nigerian housing market so that real estate investors may reach well-informed decisions.

Pison Housing Company helps individuals and corporations design financing structures, instruments, and strategies that assure excellent yields while aggressively reducing risk. The CFI.co Judging Panel was struck by the amount of effort consistently put in by Pison Housing Company to map, segment, analyze, and classify the Nigerian residential and commercial real estate markets. The judges noted that Pison has blazed a trail that is now used to manage a considerable size of real estate and housing finance portfolio.

The company has also been engaged in research by the World Bank and the International Finance Corporation. The CFI.co Judging Panel congratulates Pison Housing Company on receiving the award Best Housing Finance Advisor Nigeria 2014.
CFI.co, a print journal and online resource reporting on business, economics and finance, recognizes that the traditional distinction between emerging and developed markets is now far less meaningful as world economies converge. Headquartered in London, the world’s most multicultural city, CFI.co brings you coverage and analysis of the drivers behind change.

Real Estate Market Review and Projections – February 26th, 2015

The continuous fall of global oil price and its impact on the Nigerian economy is leaving much to be feared regarding real estate investment in 2015. Therefore, every business-minded investor is keen to watch the tide carefully before making a financial plunge. The programme provided information that served as business guide for real estate investors, financial institutions, mortgage banks and other key players especially in this uncertain time. In addition, the 2015 edition of this programme included an appraisal of historical market outlook vis-à-vis market trends and other dynamics that enhanced business development decisions of the participating organizations whilst also setting a stage for brainstorming discussions towards the development in the Nigeria real estate market. The speakers of the event included; Jide Alade, MD, Structurucasa International LLC; Roland Igbinoba, MD, FHA Mortgage Bank; Rotimi Akinlose, MD, Residential Auctions Company; and Arinze Adigwe, Homebase Mortgage Bank Ltd

Participants also included representatives of:  Stellarvera, Bolton Capital, Huddersfield Property Limited, Sapient Vendors Limited, Keynes Ventures Limited, Hermida Group, Lincbrol Interbiz Concept Ltd, Ibukun Efuntayo & Co, Bullnet, Citiprops Ltd, Castor, The Branch, Osbu Systems Ltd.

The learning outcome of this event did not only position the attendees to make right business decisions, but also built their much needed capacity to navigate through the current economic waters with optimal profitability.

African Real Estate & Housing Finance (AREHF) – August 24th – 28th

AREHF was set out to cater for real estate capacity building on the continental basis. The academy was jointly formed by Housing Finance Company Bank (HFC Bank), Ghana Housing Finance Academy (GHFA) and Pison Housing Company.

The 2014 seminar tagged 5-Days of African Perspective on Real Estate & Housing Finance attended from countries across Africa provided knowledge, frameworks and tools to evaluate and optimize new local and global financing structures, emerging real estate opportunities, development financing, capital allocation, portfolio management and brand value. The seminar featured seasoned real estate expert across Africa Sub-region like Femi Adewole, Director, Business Development, Shelter Afrique; Phili Oduro, Jide Alalde, Structuracasa; Osaro Eghobamien, Managing Partner, Perchstone & Graeys, Nigeria; Roland Igbinoba, FHA Mortgage Bank etc.

Alternative Building Technology: Unlocking the potential of housing sector through efficient housing delivery system (July 2015)

Statement of the problem

Given the cost at which houses are delivered and poor accessibility to mortgage loans, the low income earners who occupy the base of the pyramid are at the receiving end of the existing huge housing deficit in Nigeria.  How can Alternative Building Technologies provide building solutions that can increase delivery of sustainable and affordable housing?

Reframing the Problem

  • What are the strategic objectives of adopting Alternative Building Technologies (ABTs)?
  • What are the barriers to embracing Alternative Building Technologies in Nigeria?
  • What inputs will be needed to facilitate its acceptance by the end users?
  • What are the challenges that are preventing large scale use of ABTs?
  • What nature of capacity building would be needed to facilitate its use, and for which professionals?

Breaking the barriers

This seminar will provide participants with insights that will engender concrete discussions on how to break the barriers hindering the adoption of ABTs in driving efficient housing delivery in Nigeria by:

  • Raising the awareness and building capacity of local contractor and developers
  • Providing adequate information  about the technology
  • Beating the backlog of affordable housing provision
  • Changing skeptical end-user’s perceptions

Seminar Objectives:

  • To discuss the extent to which alternative building technologies could provide solutions in increasing delivery of sustainable housing provision at a reduced cost.
  • To provide both public and private sector participants with practical insights into ABTs
  • To give investors a platform (through exhibitions) to sensitize the market on various building innovations in the housing sector.
  • To create opportunity for local and foreign investors to relate with prospective market through seminar presentations and business networking.

Who should attend?

Developers, Mortgage Bankers, Secondary Capital Market Operators, Federal and State Institutions on Housing and Urban Development, Consultants, Contractors, Financial Advisers, Legal Officers, Commercial and Investment Bankers, Construction Companies, Housing Policy and Regulatory Institutions, Private-Public Partnership Department and Business Executives or individuals with vested interest in the real estate industry in Nigeria.

For further information about the programme, sponsorship details and registration, kindly contact the undersigned. Mise Olakunmi – 08138556060, molakunmi@pisonhousing.com