By Mashe Umaru Gwamna The Minister of State for Works and Housing, Engr. Abubakar Aliyu has said the need for more collaboration between Nigeria and Turkey for infrastructural development. Engr. Aliyu made this emphasis when he received on behalf of the Minister of Works and Housing, Babatunde Fashola, the Turkish Minister of Trade, Rushar Peckan who paid a courtesy call on the Federal Ministry of Works and Housing recently. He said, “In order to achieve success in our development since Nigeria and Turkey have common development goals, there is need to share knowledge in technological investment and collaborate in engineering design and construction for the purpose of providing infrastructure for development”. A statement signed by Stephen Kilebi DD(Press and Public Relations)said the minister expressed the willingness of the Ministry of Works and Housing to collaborate with investors in the road infrastructure sector. He added that his Ministry was ready to partner with Turkey in the areas, of development of various Greenfield and Brownfield projects across the nation, mass development of affordable housing in selected city centres across Nigeria, capacity development and mentoring for Public-Private partnership officials . Earlier, the Minister of Trade for the Republic of Turkey, Rushar Pekan disclosed that the purpose of the visit was to seek increased collaboration with the Ministry of Works and Housing with the view to increase Turkey’s trade volume in Nigeria in road construction and engineering. Pekan who described Nigeria as one of the most important countries and the biggest economy in Africa noted that Nigeria had great potential in road construction and engineeringadding that her country was blessed with experts in that field. She therefore urged the ministry to consider Turkish investors in those areas. She was accompanied on the visit by the Turkish Ambassador to Nigeria, His Excellency Melih Ulueren and some Turkish investors.

The Leasehold Solutions Group has arranged a training workshop to help estate agents understand imminent changes in leasehold legislation.
Estate agents are under growing pressure to ensure leasehold terms are spelled out in property listings.
The half-day seminar will be held on Tuesday 4 February at the Crowne Plaza London.
Louie Burns, managing director of The Leasehold Solutions Group, said: “Estate agents are facing mounting pressure to ensure they are listing leasehold properties correctly by providing prospective buyers with the information they need to make an informed decision.
“There is a high chance that failure to disclose these details could lead to accusations of mis-selling in the future.
“It is right that estate agents and online property portals should be transparent and provide home buyers with key details about the lease, including the number of years remaining, and the cost of any service charges and ground rent.
“However, we recognise that leasehold is a very complex area and estate agents are facing a steep learning curve to get up to speed with the ever-changing face of the leasehold system.
“Our training is intended to ensure estate agents fully understand the imminent changes in legislation to enable them to market and advise on leasehold properties most effectively and avoid any accusations of mis-selling.”
The seminar will be led by Louie Burns and Mark Chick, an enfranchisement lawyer and partner of London law firm, Bishop & Sewell LLP.
Last year National Trading Standards published guidance for consumers seeking redress for leasehold matters, which states that estate agents must provide the information consumers need to make an informed decision about a property and ensure that they treat the buyer and the seller honestly, fairly and promptly.
Burns added: “Estate agents should protect themselves and their firm’s reputation by adopting a policy of full disclosure.
“Any estate agent that does not disclose information relevant to the sale may find themselves in breach of the Consumer Protection from Unfair Trading Regulations (2008).”
The half day seminar will cover:
• The leasehold scandal – what it means for business and clients
• Low lease lengths – The critical 80-year mark
• Ground rents and service charges
• Lease extensions and freehold acquisitions
• Missing landlords
• Understanding valuation principles
• Informal v statutory lease extensions
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Quality of mortgage-backed securities in Ireland to fall
The asset quality of residential mortgage-backed securities in Ireland is set to weaken in 2020, credit reference agency Moody’s has predicted.
This is due to the inclusion of buy-to-let loans, higher loan-to-value reperforming loans and fixed-rate mortgages, though underwriting standards and transaction structures will remain strong.
Irish GDP growth is expected to fall from 5.2% in 2019 to 3.2% in 2020.
Brexit is said to be the largest single risk to Ireland’s economic outlook, seeing as the UK is its main recipient of exports, while supply chains are deeply integrated.

Source :propertywire

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