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This is the third episode of Nigeria’s FIRST EVER REAL ESTATE FICTION SERIES. This series portrays the day-to-day issues faced in real estate situations by Landlords and their tenants, estate agents and their customers, and land sale issues. All these situations will be shared through the eye of OGA MARTINS. This is a series that not only entertains you, but ...

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Upgraded Lagos City Mall attracts high profile tenants

As the upgrading of The City Mall, Onikan, nears completion, high profile companies are already taking tenancy at the Mall. Among the newest tenants are Genesis Cinemas, a leading Nigerian cinema brand, and Playzone, a fast growing family entertainment brand in Nigeria. Both companies recently signed a contract with Ibukun Efuntayo & Company, the property manager of The City Mall, ...

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Welcome to another episode of the FIRST EVER REAL ESTATE FICTION SERIES. This series will expose you to a lot of things tenants and landlords go through with each other, as well as what real estate agents and practitioners go through trying to make a living and how all these affects you and I. All these will be brought to ...

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Real Estate agents reveal their dirty little secrets

Unfortunately, the real-estate-agent business is saddled with a poor reputation. According to the real estate agents surveyed by consumerreports.org, that reputation is sometimes earned. Here are a few of the top bad behaviors the real estate agents surveyed say they’ve witnessed, all of which breach the ethical code of Realtors . They’re listed in the order of how frequently they ...

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Julius Berger in land tussle with entrepreneur

Infrastructure financing

On a sunny Thursday afternoon in November 2014, Nonso Ofole, a motor sports park entrepreneur, arrived at his project site in Abuja to a great shocker – a Julius Berger-owned earth-mover was clearing the site he said is duly his. Julius Berger, is a German-owned Nigerian-based construction firm. What followed after Mr. Ofole observed the construction company allegedly trespassing his ...

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Innovative strategies for housing in Nigeria

African union for housing finance

Reducing housing deficits requires a number of essential ingredients to be in place to ensure a well-functioning housing finance system. This means achieving macroeconomic stability, effective legal and regulatory infrastructure, and ensuring appropriate levels of government intervention and support. In Nigeria with its underdeveloped housing finance systems or systems that only provide access to finance for high-income households, forcing low-income ...

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Regularization of Land Titles in Lagos State

Land title documents

The Government of Lagos State headed by Gov. Babatunde Raji Fashola, several years ago announced that land owners in Lagos who have no proper title should make hast to regularize their title within 6 months starting for August 1, 2012 or face the consequences of revocation. In life, things are constantly changing and it is important that we sometimes move ...

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Lagos land which appreciates by 50% in 12 months

Every society has its exclusive locations where those who are, socially and economically, out of the ordinary nestle their homes generally defined by sophistication, taste, class and luxury living. Nigeria has a fair share of such locations nurtured and sustained by its fast-paced urbanization, an exclusive class of the nuveau-riche and a growing clan of the middle class whose access ...

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Politicians sell property to raise funds for elections

In a desperate bid to raise funds ahead of February general elections, politicians seeking or sponsoring candidates for elective posts have started selling their property in major cities of the country such as Lagos, Abuja and Port Harcourt. According to a report by PUNCH, the development had crashed property market value as the politicians reduced the cost of their property ...

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Fashola cuts rates on land transactions to woo investors

Federal Government to spend N270 billion for repair of 50 bridges

In a move aimed at wooing investors towards further strengthening the economy of Lagos at a time falling oil prices are pushing some states towards insolvency, Governor Babatunde Fashola has signed an executive order slashing rates applicable to land transactions in the state. The governor’s action is a response to public outcry against difficulties associated with land transactions in Lagos, ...

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