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Research: Why Office space in Lagos costs more than New York

office space

When you think about the most expensive offices space in the world, cities like New York and London,with their reputations as global financial centers, spring to mind. However, when it comes to pricing, Lagos, the commercial capital of Africa’s largest economy has managed to find a comfortable spot among them. Dolapo Omidire of Quartz.com examines how Lagos has arrived at ...

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What you must know about PROPERTY TAX

Property tax can be defined as a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. This is in contrast to a rent ...

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CBN to go after landlords collecting payment in dollars

In what has become a new trend in the nation since the devaluation of Naira, landlords and schools in various parts of the country have been demanding payment in dollars. And now, The Central Bank of Nigeria has frowned at the growing practice of trading goods and services in foreign currencies instead of the Naira in Nigeria. The Bank’s governor, ...

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Importance of Absorption Rate in Real Estate

absorption rate

Absorption rate is the number of months it would take to sell the currently listed homes in the market. That is a simple definition, and the math is for the most part. However, it’s an important concept, and it’s used by a great many real estate related businesses to attempt to predict home prices and sales activity going forward. The ...

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Why HOLLYWOOD is very fertile for real estate investment

You might be intrigued why Hollywood real estate is a good investment. Although they are usually priced steep, the returns are still on the positive side. Here are the reasons why you may consider investing in Hollywood properties: 1. Prime Location Property with High Returns It sells because it’s Hollywood! A prime real estate property to begin with, it sells ...

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Realtors at MIPIM see opportunity in Nigeria Market

Real Estate developers across the world have been charged to see the 16 million housing deficit in Nigeria as a golden opportunity to invest. According to a statement, Vice Chairman of South Energyx Nigeria Limited, Ronald Chagoury Jr and promoters of Eko Atlantic City (EAC) project, said at a workshop session at Premier Real Estate Event in France that it ...

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The TIME it takes to SUCCEED in real estate business

It’s been ten years coming for us in the real estate business. Looking back, I won’t say it’s been a jolly good ride, as it is with every real business there are bound to be hiccups, pitfalls, wrong turns, steep roads and of course a time of harvest. We’ve experienced it all and it’s been worth the ride. However, there ...

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Call for housing investments in Scotland

The former Auditor General of Scotland, Robert Black, in a press conference scheduled to hold later today will say that spending on housing should be seen as a preventative measure. He will be speaking at the annual Chartered Institute of Housing (CIH) conference in Glasgow and saying that bad housing has the potential to damage lives. Charities said 13% of ...

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Mobile app driving real estate marketing

mobile app

As faster, smarter and affordable mobile phones continue to saturate the Nigerian market, real estate developers and professionals are gradually shifting attention to mobile technology for marketing in order to reach a wider population for their products (houses). From iPhone to iPad, Blackberry and other smart phones, real estate developers and agents have been caught in the web of mobile ...

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More women buy real estate in Taiwan than Men: Broker data

More women than men bought real estate in 2014, a situation a researcher at HB Housing, one of the largest real estate brokers in Taiwan, attributed to an increase in women’s financial independence. The ratio of male to female buyers in the real estate market stood at 49:51 last year, according to Jessica Hsu, head of HB Housing’s research department, ...

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