Tag
ESTATE INTEL
Commercial development activity in Lagos State declined by 11% YoY in the past year in the face of Nigeria’s economic challenges underpinned by record-high inflation, and a weakening currency, according to the latest 2024 Lagos Real Estate Development Pipeline Report by real estate research and data company, Estate Intel.
As Lagos continues to grow as a bustling metropolis, the demand for spacious and comfortable living arrangements has surged, with many families and professionals seeking 3-bedroom flats for their versatile living spaces.
In 2023, Africa's real estate investment volume reached $1 billion, representing a mere 0.15% of the global real estate market, which totalled an impressive $684 billion.
Private developers and governments across Africa are backing over two billion square metres of land reclamation and new city projects, costing over $514bn, to cater to the region’s growing urban centres according to Estate Intel’s Africa’s New Cities 2023 Factsheet.
Coldwell Banker Egypt partnered with Estate Waves to launch a prop-tech platform dubbed Meta Egypt, in an official press conference that was made on 10th May 2023.
The proposed Marriott Lagos Waterfront Hotel located along Ozumba Mbadiwe, Victoria Island, has been broken down to ground level.
The first phases of the Lagos Blue Line and Red Line railway system are set to be completed by the 4th quarter of 2022, and be fully operational by the first quarter of 2023.
Home to some of the most luxurious apartments, estates, as well as prime offices, Ikoyi is one of the prime places to live in Lagos and even Nigeria.
Estate Intel, an African-focused real estate data analytics platform, is among the 60 startups that have been accepted into the second cohort of Google for Startup’s Black Founders Fund.
The continued surge in the price of diesel in the last 7 months has resulted in rising costs for residential and commercial property occupiers.
Estate Intel’s interaction with market players indicates there are a lot more layers to the question of market boom or bust.
Residences in Mabushi are mostly estates of various sizes, as well as a number of privately owned properties, falling under the deluxe housing typology.