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Tag Archives: real estate

FREIA 2017: Stakeholders in real estate, art and design to ignite Lagos in December

FREIA

According to PM NEWS, Key speakers are expected at FREIA 2017, the biggest luxury event of the year. Consequently, these speakers were strategically selected to optimize the essence of the one-of-a-kind Afrocentric event that would create a platform to explore the synergy within the Real Estate, Interior Design and Art Industries. These names come with a pedigree and clout that ...

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Stakeholders of real estate advocate stratified sector for affordable housing pricing

affordable housing pricing

Guardian reports that to address the real estate market in a more focused way, experts have called for stratification of the sector to ensure social and affordable housing. Stakeholders of real estate spoke at the 2017 yearly Real Estate Unite summit in Lagos, according to them, there is still huge opportunities for the real estate industry if the right things are done. The summit has as its topic: “ Africa’s ...

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Granting of Pioneer Status doesn’t exactly benefit real estate companies – Tax Expert

pioneer status in nigeria

In August this year, the Federal Executive Council approved 27 new industries and products to enter into the pioneer status. This incentive scheme was to give tax holidays to these industries for three years, to enable them to grow and expand investments. Among these industries are real estate industries. Correspondent of Nigeria Real Estate Hub (NREH), Esther Adeniyi interviewed a ...

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Red flags in real estate transactions

red flags in real estate transactions

Real estate transactions involve the leasing, renting, buying or selling of property and is viewed as a very profitable venture. Unfortunately, scams and frauds are a common feature within the sector. This article identifies red flags in real estate transactions you must watch out for. Scam or fraud is a major obstacle bedeviling real estate transactions in Nigeria, this is ...

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The Challenges of Financing Real Estate Developments in Nigeria

Financing real estate developments

Proper financing is all-important to successful property investment and development. In this article we take a critical look at the challenges of financing real estate developments in Nigeria. The term ‘development’ as defined in section 2(1) of the Nigerian Town and Country Planning ordinance 1948, states that “development in relation to any land includes any building or rebuilding operation and ...

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Court remands land agent for alleged land fraud

Court remands land agent for alleged land fraud

A Sokoto Magistrates’ Court on Monday ordered the remand of 48-year-old  estate agent, Lawali Maigara, for alleged land fraud. The defendant was accused of defrauding one Mubarak Bello of Fakon Iddi area of Sokoto of N400,000 on land transaction. The defendant was arraigned on a two-count charge of criminal conspiracy, breach of trust and cheating, offences contrary to Sections, 312 ...

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Chartered surveyors call for enabling environment for real estate sector

Chartered surveyors call for enabling environment for real estate sector

“Members of the Royal Institution of Chartered Surveyors (RICS), Nigeria group have called on the Federal Government to create an enabling environment for real estate sector, which will boost economy.”- The Guardian The real estate experts, who spoke at the Annual General Meeting (AGM) and induction of new members, dwelled on the theme: Funding Real Estate, Requirement from Advisors. The ...

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Dr Okonkwo says real estate industry needs financing like others

Dr Okonkwo says real estate industry needs financing like others

“Nedcomoaks properties boss, Dr Kennedy Okonkwo, has called on the government to look into the real estate industry and consider it for financing.”- Nigerian Tribune The estate developer made the statement during a courtesy visit paid to him by some top executives of the Real Estate Developers Association of Nigeria (REDAN) in Lagos earlier this week. According to Dr Okonkwo ...

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Real estate stakeholders urge government and private sector partnership

government and private sector partnership

“Stakeholders in the real estate sector yesterday urged government and private sector partnership to drive growth in the area.They made the call at the 2017 yearly Real Estate Unite Summit organised by 3invest in Lagos.”- The Guardian Leading the discussion on the topic “Africa’s Real Estate, What’s New?,” the Chairman/Chief Executive officer of Mixta Africa, SA, Deji Alli, called for the ...

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