Tag: trending news

The prosperity of a nation relies significantly on its natural resources, with land standing as a cornerstone of wealth and societal development.

The Challenges of Nigeria’s Land Use Act: Experts Speak

The prosperity of a nation relies significantly on its natural resources, with…

housingtv January 15, 2025

Petrol prices are expected to increase following a rise in the prices set by depot owners.

Petrol Prices Likely to Rise as Depot Owners Increase Price to N950/litre

Petrol prices are expected to increase following a rise in the prices…

housingtv January 14, 2025

Turkey has launched a new affordable housing scheme targeting low-income earners and first-time buyers to help reduce inflationary pressures

Turkey Launches Affordable Housing Scheme to Tackle Rising Rent Prices

Turkey has launched a new affordable housing scheme targeting low-income earners and…

housingtv 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…

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…

housingtv January 13, 2025

The key to solve Portugal’s Housing Crisis

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

housingtv 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…

housingtv 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…

housingtv 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…

housingtv January 13, 2025

The Federal Fire Service (FFS) has disclosed that over 100 lives were lost to fire outbreaks in 2024, alongside an estimated property loss of N67.1 billion.

Over 100 Lives Lost to Fires in 2024, Says Federal Fire Service

The Federal Fire Service (FFS) has disclosed that over 100 lives were…

housingtv January 13, 2025