As we continue to develop and advance as a society, there has been a greater emphasis placed on efficiency and convenience across nearly all facets of life. Food is delivered to our homes, cabs pick us up irrespective of our location, and in the context of construction and their architectural designs, our homes are now being tailor-made to meet our specifications largely as a result of methodical and...
Construction
Introduction It is often cited that in order to wholly understand a subject, it is imperative to analyse its origins. Starting in 1837, the world was introduced to the novel concept of modular housing which entails the components of a building being constructed off-site before being transported to the building site for final assembly. It will however take decades before the idea gained worldwide...
According to Walgenbach.P, inflation is a general increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. Economists believe that high levels of inflation and hyperinflation—which have severely disruptive effects on the real...
‘Off-plan property’ refers to property which is available for purchase before it has even been constructed. This is where the phrase ‘buying off-plan’ comes from;in most cases it is referring to the purchase of apartments,terraces etc. Off-plan property is sometimes marketed to property speculators who purchase it with the aim of making capital gains by taking advantage of any discounts and...
On Saturday, February 12, 2022 afternoon, Lagos State was hit with yet another tragic building collapse. In this case the tragedy occured in Yaba, a three-storey building under construction which collapsed at Akanbi Street, adjacent to the UNILAG main gate, Akoka, Yaba, Lagos. Reports coming in in the days since say that at least 5 unidentified bodies were recovered from the rubble.Two bodies were...
Before we dive into this, first we’ll like to extend our deepest condolences and sympathies to the families and loved ones of those who lost their lives in the tragic building collapse of a 21 storey building on Gerald road, Ikoyi that occurred on Monday 1st of November. The building was the third wing of a three-tower estate by estate developer, Femi Osibona. It would have been the first of its...