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Boxer Sugar Ray Leonard is hoping for a knockout in the real estate market. He recently relisted his Pacific Palisades estate for $46.5 million, tapping a trio of agents, including luxury real estate specialist Drew Fenton of Hilton & Hyland, to handle the sale.

The gated and hedged 1.7-acre property features a seven-bedroom, 16,700-square-foot home designed custom for Leonard by AD100 architect Richard Landry, who has worked with other athletes and celebrities, including football quarterback Tom Brady and ice hockey player Wayne Gretzky. Inspired by Florentine villas, the home features a terracotta tile roof and rustic wood-beamed ceilings. Highlights include a two-story family room, a screening room, and a solarium.

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The unprecedented activities of fraudsters and professionals who invade the real estate market to dispossess prospective homeowners of hard-earned money are posing a threat to operations in the sector.

With an estimated value of N59 trillion opportunities, 200 million population and a housing demand-supply gap put at over 20 million units, the real estate market is an attractive investment destination.

According to the Guardian Newspaper, the housing market crisis came a spike in negligent practices and fraud perpetrated by some property professionals/charlatans and others who exploit the desperation of prospective homeowners and tenants to defraud victims of a large sum of money.

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Refinancing - This is when you restructure your home loan, replacing your old loan with an entirely new loan that has different rates and payment structures.

The main reason people refinance their home loans is to get a lower interest rate on their mortgage, and therefore lower not only the monthly payment but also the overall debt owed.

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Mr. Olutosin Ogunmola is the Chairman of the Nigerian Society of Engineers (NSE), Ikeja branch. He spoke with VICTOR GBONEGUN on how to bridge the infrastructure gap and deploy engineering for national development. He also touched on the challenges of carbon emissions and the benefits of building information modeling in the construction sector.

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