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Availability of affordable properties in Nigeria ans the development of the Real Estate industry, depends on the availabilty of funding or finance for Real Esatate development.

The development of a nation is often measured by the amount and quality of real property in the country.

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In  a  competitive  international  business  environment,  real  estate  professionals  need  a  sophisticated understanding of finance, economics and law to succeed.

This course has been designed to provide rigorous training in the latest concepts from these three key areas as applied to international real estate practice.

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Mortgage Banks by their nature provide long term funding for home finance and real estate development. To meet mortgage loan approval, proper analysis of mortgagor in terms of documentary evidence that show credit capacity has to be carried out. The result of this analysis results to a credit structure that amongst others determine the frequency and means of collection/repayment

RATIONALE:

The growth of the Real Estate Investments and Mortgage Lending Institutions has been on the rapid scale all over the world in recent time which has necessitated the development of various funding mechanism to address the rapid growth. The need to examine the future of the Nigerian Mortgage and Real Estate market at the Primary and Secondary markets becomes very crucial. Analysis of various instruments that has been deployed in other countries for the Real Estate Finance market and how the Nigerian Mortgage and Real Estate industry can take advantage of these emerging markets.

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The Federal mortgage Bank of Nigeria (FMBN) helps to provide funds for the provision of affordable residential houses for Nigerians. It also provides loans to Nigerians for erecting, purchasing and renovating houses. The Federal Mortgage Bank of Nigeria is primarily set up to support the primary mortgage market with liquidity and financial capacity to provide affordable mortgage financing in the market. Any persons or institutions applying for any of the benefits of the federal mortgage bank of Nigeria has to be eligible to enjoy the benefits as there are certain requirements to be met to be eligible for these benefits. The help the FMBN lends to the mortgage market in Nigeria cannot be overemphasized.

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Property taxes and development cost charges can have environmental impacts by changing the extent to which developers substitute land for buildings and, thereby, the density of the built form, the spread of cities, and the mix of land uses. The reliance on property taxes and development cost charges to finance local services may induce municipal officials to encourage developers of the low density projects that are thought, perhaps erroneously, to yield the greatest fiscal dividends.

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Business Models show the content, structure and governance of transactions. They are designed so as to create value through the exploitation of business opportunities. Their value is not limited to economics, social or cultural values. Other forms of value may also be taken into account. Business Models are not just financial structures. Identifying an acceptable model for a particular purpose needs proper evaluation from the informed.

RATIONALE

Foreign capital is one of the driving forces of most sectors of the economy and a defining element of the modern-day world economy. For Housing and Real Estate financing, foreign capital restructures the industry at the regional and global levels and ensures the integration of a national economy into the world economy very effectively.

RATIONALE

A Nations worth and value is measured by the type of properties that decorates the country’s landscape . This is not a responsibility of Government alone but all the players in the entire Industry, be it a Real Estate Developer, Home Owners, Mortgage and Fund providers, Land owners, supplier of inputs, Technical Professionals, designers, Builders etc. Housing policy is the vital link to sustainable home ownership and rental options for people, and it is central to a nation’s economy. Flaws have been allowed to go unchecked for too long, contributing to a financial collapse that has strained families, decimated communities. Cases of collapse building have negatively affected the housing industry. The regulator, PMI and the Real Estate owner must show commitment to restoring confidence in the industry. The Housing Industry has a role to play to reduce risk to the taxpayer and provide a healthier, more stable system of housing.

Rationale

The ability to deliver “The Nigerian Dream” which is provision of adequate housing at affordable costs, delivery to underserved areas of our economy has been seriously challenged in Nigeria in the past decades. What has been responsible for the challenges from the various points of views. Analysis of the success stories so far as well as the promising initiatives from both Private and Public Sectors.