Real Estate News

We had an interesting and enlightening interview with Barrister Tomi Vincent, a Real Estate Lawyer. He discussed on due diligence in land transactions and doing your proper homework to avoid being cheated on and duped. Read the interview below: NREH: For how many years have you practised as a real estate lawyer? Barr Vincent: 26 years now. NREH: Have you ...

The United Nations projects that Nigeria’s population will cross the 250 million mark by 2030. An estimated 10th of this figure will live and work in Lagos in an estimated area of 356,861 hectares of which 75,755 are wetlands. To the Lekki Free Zone (LFTZ), this presents development opportunities for real estate developers. Through the LFTZ, the host communities are ...

According to Pulse, the Federal Executive Council presided over by Acting President Yemi Osinbajo on Wednesday approved N7.94billion for the reimbursement of Kwara Government to undertake the construction of the Kaiama-kishi road. The Minister of Works, Power and Housing, Mr Babatunde Fashola disclosed this while briefing State House correspondents alongside the Minister of Transportation, Rotimi Amaechi and Minister of Finance, ...

“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 ...

Some students of Obafemi Awolowo University (OAU) through the Campus Alive Initiative Limited  have designed and constructed a hostel facility, diamond luxury hostel, in the institution. This is the first hostel  designed by students and for students.  “According to the Managing Director of Campus Alive Initiative, Oyinwola Don Bababtope students over the years encounter some accommodation challenges while on campus. ...

PM NEWS reports that the Lagos State Government has warned the residents to keep off all collapsed building site land until necessary scientific tests are carried out and investigations concluded to determine reasons for the building collapse. Speaking during a meeting with the five newly-posted Divisional Heads and Monitoring officers at the Lagos State Building Control Agency, the General Manager, ...

“Real estate tax figures are not in tune with reality. The government would spend less time chasing people and make more money if the tax rates are reasonable and realistic. All these charges make it expensive to transact in real estate. Prices of real estate properties are high because of all the high tax charges” – Mr Chudi Ubosi, Principal ...

“Sheltering under planks on his boat moored at a waterside slum in Lagos, fisherman Thomson Pascal is trying to protect his six children from the rain flooding into what is now their new home. He is one of 30,000 residents who have been living in boats, shacks or in the open since bulldozers escorted by policemen destroyed their slum dwellings ...

“The Chairman of Chemical and Allied Products, CAP, Plc, Mr. Larry Ettah, has said that the plan by the Federal Government to roll out N1 trillion real estate fund as part of efforts to develop the infrastructure base of the nation will trigger investment opportunities in the industrial goods sector of the economy.”- VANGUARD Ettah who stated this at the ...

“As part of measures to curb building collapse, the Lagos State House of Assembly has cautioned property developers to desist from erecting structures without necessary approvals.”- The Guardian The Chairman of the Committee on Physical Planning and Urban Development, Mr. Setonji David gave the warning during an on-the-spot assessment of the complaints of the residents of the over 400 units ...