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Tag Archives: Property value

Fashola chides estate valuers over property pricing

Fashola chides estate valuers over property pricing

“Is the valuation of land and properties across the country reflective of economic realities? This was the poser for estate surveyors and valuers at the inauguration of the reconstituted Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON)  in Abuja by the Minister of Power, Works and Housing, Mr. Babatunde Fashola.”- The Nation “For me, I think the most important ...

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What Is Responsible For Urban Decay?

Urban decay

Urban decay occurs when a part of a city falls into disrepair and abandonment. Characteristics of urban decay include high unemployment rates, high crime rates, depopulation, desolate-looking landscapes, abandonment of buildings and split families. The factors that are responsible for urban decay is the focus of this article. Urban decay does not have one single cause, but rather a combination ...

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LCCI worries over property value use for assessment by FIRS

LCCI worries over property value use for assessment by FIRS

According to The Guardian, The Lagos Chamber of Commerce and Industry (LCCI) says recent moves by the Federal Inland Revenue Service (FIRS) to use property value as a basis for Company Income Tax assessment is worrisome. The LCCI Director-General, Mr Muda Yusuf, told the News Agency of Nigeria (NAN) in Lagos that the move by the FIRS would hurt the ...

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The Effect of Environmental Factors on Property Value

Canadian real estate worth several millions of dollars.

Environmental factors are largely responsible for property value. Man’s attitude towards the surrounding environment is not neutral because human beings search for locations that deliver a high quality of life. Those expectations particularly concern man’s daily surroundings, including residential areas or recreational grounds. The focus of this article is to analyse how environmental factors affect the value of properties. The ...

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How Open Waste Dumps Can Affect Rental Value

‘Effective waste management crucial for sustainable development’

There are many environmental factors that affect rental value of properties, albeit, in this article we will be taking a look at the effects of open waste dumps on rental values The issue of waste disposal and management were not problems to early humans, due to the fact that there were no population explosion and technological advancement at that time. ...

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How To Fix Your Fixer-Upper

Fixer-upper

Taking on a fixer-upper as your real estate investment opportunity entails a series of steps that must be taken to bring the value of the property up. This article focuses on how best to fix your fixer-upper to increase the worth of your property. With so much in any property that could use some work, the process of enhancing a ...

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Rental growth of commercial property in Nigeria.

commercial property

According to Wiki, the term commercial property (also called commercial real estate, investment or income property) refers to buildings or land intended to generate a profit, either from capital or rental income. Rental value is a key parameter for measuring real property performance. It is also a major cost for tenants and an important source of income for the landlord. ...

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Neighbourhood Effects of Industrial Land Use on Property Value

Industrial land use

Industrial land use is not more than 15% of total land use in Lagos, albeit its effect on residential buildings in surrounding areas is a clog in the wheel of residents. Land is fundamental to all economic activities. The supply and employment of land is central to the pattern and process of economic regeneration and restructuring. Traditionally, the land used ...

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“The easiest place to register a property in Nigeria is in Zamfara state”

"The easiest place to register a property in Nigeria is in Zamfara state"

The Managing Director, UACN Property Development Company (UPDC) Plc, Mr. Hakeem Ogunniran, has identified five drawbacks to housing finance in the country. These include cost, character, capacity, collateral and conditions. This is coming on the heels of a World Bank report. The  findings of Word Bank Group, contained in “Doing Business in Nigeria 2014” under the section “Understanding Regulations for ...

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Property value and its agents

Property is a multidimensional product. Property value is dependent upon many characteristics associated with that property such as physical characteristics of property; location of the site in relation to employment centers and other recreational facilities (accessibility). In addition, the social and economic characteristics of neighborhood, including the presence of such amenities as parks, schools and community services affect value. Those ...

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