Tag: real estate news

Experts have continued to raise concerns over the rising prices of real estate in Cape Town, the legislative capital of South Africa, and the country's oldest city

Growing Demand for City Center Housing Sparks Cape Town Real Estate Boom

Experts have continued to raise concerns over the rising prices of real…

Housing TV Africa News Desk January 14, 2025

The housing sector in Nigeria remains pivotal in the nation's economic and social landscape, directly impacting millions of lives.

Arc. Musa Sada, Housing TV Africa on the Future of Housing in Nigeria

… highlights Progress, Challenges, and Opportunities in 2025 … As Nigeria's Housing…

Prince Folorunsho Adegoke January 14, 2025

Gov Makinde Vows to Prosecute Bribe-Taking Chiefs in Alaafin Selection

Governor Seyi Makinde has pledged to prosecute any chief or individual found…

Housing TV Africa News Desk January 13, 2025

The key to solve Portugal’s Housing Crisis

Among the potential solutions to the growing housing shortage, especially affordable housing,…

Housing TV Africa News Desk January 13, 2025

Port Harcourt, Maiduguri, Lagos Among Nigeria’s Most Dangerous Cities – SBM Report

Port Harcourt, Maiduguri, Lagos Among Nigeria’s Most Dangerous Cities – SBM Report

A report by SBM Intelligence, a research and analysis firm, has identified…

Housing TV Africa News Desk January 13, 2025

Real estate firm Rentmates has raised concerns about the growing difficulty young professionals face in accessing affordable housing in Nigeria’s urban centres, particularly in Lagos. Speaking to journalists in Lagos, Co-founder Ruth Olorunfemi noted that many young workers are burdened by high rent costs, often spending over 30 percent of their income on housing. This, she said, leaves little room for essential needs like savings, investment, and personal development. "Finding affordable housing in Lagos is a daunting challenge for most young professionals," Olorunfemi said. "The city’s fast-growing population and limited housing stock are making things worse. That’s why Rentmates is focused on bridging this gap." Rentmates, described as a next-generation real estate agency, offers rent financing solutions that allow tenants to spread payments over time. According to Olorunfemi, this approach has significantly reduced financial strain, giving clients the ability to manage rent alongside other life expenses. Over the past four years, the company has built a portfolio of affordable and quality housing options, ranging from apartments to shared accommodations. In addition to flexible payment plans, Rentmates also offers personalized housing support—guiding clients through market options and connecting them with tailored financial solutions. Olorunfemi added that Rentmates’ mission aligns with the broader goal of boosting economic participation by enabling young Nigerians to live more sustainably. “By making rent affordable and predictable, we’re helping young professionals focus on their careers, build businesses, and plan for the future,” she said. With the cost of urban housing continuing to rise, the company reiterated its commitment to expanding its model to other major Nigerian cities and fostering a more inclusive housing system for emerging professionals.

5 Reasons Why Housing is Unaffordable

The right to adequate housing is a human right recognized in international…

Housing TV Africa News Desk January 13, 2025

Hundreds of residents in Ifa Ikot Okpon, a community in Uyo Local Government Area of Akwa Ibom State, have been left homeless following the demolition of 182 buildings

Ifa Ikot Okpon Community Takes Akwa Ibom Government to Court Over Demolitions

Hundreds of residents in Ifa Ikot Okpon, a community in Uyo Local…

Housing TV Africa News Desk January 13, 2025

The exclusion of the Lagos-Calabar Coastal Road project from the 2025 federal budget proposal has sparked controversy

Lagos-Calabar Coastal Road Excluded from 2025 Budget Proposal, Sparks Debate

The exclusion of the Lagos-Calabar Coastal Road project from the 2025 federal…

Housing TV Africa News Desk January 13, 2025

The Borno State government has lauded the Geographic Information Service (BOGIS) for its innovative reforms in land

Borno Issues 2,500 CofOs in Five Years, Surpassing Two Decades’ Record

The Borno State government has lauded the Geographic Information Service (BOGIS) for…

Housing TV Africa News Desk January 13, 2025

Umahi Dismisses Claims of Foreign Trip to Promote Tinubu’s Achievements

Works Ministry Proposes N12 Billion for Legal Fees and SSA’s Vehicles

The Ministry of Works has unveiled a proposed budget of N12 billion…

Housing TV Africa News Desk January 13, 2025