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THE DO'S AND DON'TS OF BUYING VACANT LAND
Finding your dream home isn’t easy. You'll spend a lot of time scouring online listings, attending open houses, and scoping out neighborhoods – and you may still come up empty-handed.
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HOW RISING COSTS IS TURNING SHORT-LET APARTMENTS LANDLORDS TO TENANTS
Increasingly, suppliers or landlords of short-let apartments in the Nigerian real estate sector are turning into tenants over operational costs as reflected in the soaring price of diesel and high exchange rates.
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THE AVERAGE SALARY OF A 2-BEDROOM RENTER IN THE CITY OF LAGOS
Affordable housing demand has continued to grow over the past few years across the real estate sector in Lagos and Nigeria as a whole due to a number of factors.
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Senator urges FG to introduce property tax on unoccupied buildings in Abuja
In a bid to reduce the nation’s capital housing deficit and boost revenue for the FCTA, the Federal Government should introduce property taxes for unoccupied buildings in the Federal Capital Territory (FCT).
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To rent or to buy: 3 reasons renting can be a better choice irrespective of financial capacity
In most parts of the world, there is so much prestige attached to owning a home. In a research publication by NOI Polls in 2013, 85% of Nigerians who were surveyed, indicated that they would like to own their own personal houses if they had access to a mortgage
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Heavy rainfalls: Lagos set to demolish buildings on drainage alignments, warn owners to relocate
The Lagos State Government has announced that many buildings that have infringed on drainage alignments in Mende, Maryland and Aboru in Alimosho, may soon be demolished.
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Here’s how the Residential Market has responded to 136% hike in diesel prices
The past seven months have seen the price per litre of diesel increase by a staggering 136% from N330 to N780. The resultant effects have varied, including a surge in inflation, recorded at a 5-year high of 18.6% in June, as well as rising costs for residential and commercial property...
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FG solicits $400 million investment from the private sector to complete the millennium tower in Abuja
The Federal Government of Nigeria has appealed to the private sector investors to invest $400 million required to complete the Millennium Tower and Cultural Centre (MTCC) in Abuja.
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Top five things buyers should know when purchasing land in Africa
s Africa’s real estate sector continues to grow, land acquisition especially has seen increased investor interest from both domestic and foreign buyers. According to land matrix, investors ranging from China, UK, Ukraine, Gulf region and even Mozambique have collectively transacted in over 2.7 million land deals recorded across Africa since...
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EFCC says landlords letting houses to internet fraudsters risk 15 years in jail
Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC) has said that any landlord or landlady that let his or her house to internet fraudsters popularly known as Yahoo boys, will henceforth face prosecution
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Residential real estate in Oluyole; Ibadan’s industrial hub
is a renowned middle-income neighbourhood located in Ibadan, Nigeria. The area is bordered by Apata in the North, Elebu in the South West, Challenge in the South East, and Iyangaku in the East.
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Is Real Estate a good hedge towards inflation in Africa’s real estate?
This was the running poll during our research meeting this week. Amidst an array of yes and nos, the team unanimously agreed that the answer was not so straightforward.
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