JOE NIGERIA REAL ESTATE BLOG FOR SMART INVESTORS

  Introduction You probably clicked on this link because you’re interested in owning a home. Maybe now or somewhere down the line but everyone wants a home, we all want to get the burden of annual or monthly rent off our bill and realise our homeownership dreams. Well, except you come upon a huge cash windfall, earn more than the average income-earner or you’re an uber-successful businessperson, you need to plan extensively and weigh all your options before embarking on a housing project. Funding a home is no easy feat and most individuals require debt instruments to execute such projects in good time. The most common instrument among these is Mortgage which guarantees the borrower a sum of money to make the real estate purchase and the debt is serviced over a while. In return, the property is pledged to the lender who is reserved the right to foreclose the asset in the event of a failure of the borrower to fulfil the contractual agreement. Notwithstanding this point, which...

The National Housing Fund (NHF) was set up in 1992 to create a funding pool for Nigerians who want to build residential houses at an affordable cost. If you’re a Nigerian and you need funding to build your own living space, you can obtain a loan for this from the NHF.   How The National Housing Fund Works This funding pool is the accumulation of contributions from employees, self-employed persons, commercial and merchant banks, insurance companies, and the government. It’s held by the Federal Government through the NHF. Each of these parties gives a fixed percentage of their funds to the program. For example, employers deduct 2.5% of each employee’s monthly salary as contributions to the NHF. These monies are remitted to the Federal Mortgage Bank of Nigeria (FMBN). Employers and employees alike can register for this program by filling and submitting the NHF 1 form (for employers) or NHF 2 form (employees). The NHF loans are derived from this pool of contributions....

   The Skye Shelter Fund (The Fund) is a close-ended Real Estate Investment Trust Scheme. The Fund is intended as a platform for pooling resources together from various classes of investors interested in exploring investment opportunities in the real estate sector. The target investors are typically Pension Fund Administrators, Investment Managers, Endowment Funds, Insurance Companies, International Investors, and Savvy Individual Investors interested in the stability and returns associated with Real estate investing. The Fund is dedicated to utilizing a pragmatic research-driven approach to acquiring, holding, renting, renovating and/or trading income-generating real estate, such as residential homes, shopping malls, shops, hotels, offices and warehouses while taking advantage of The Fund’s tax exempt status. The Skye Shelter Fund has continued to record significant performance. The Fund is the first Real Estate Investment Trust (REIT) in Nigeria listed on the Nig...