Real Estate

There is increasing concern over the rising number of vacant houses in the highbrow Ikoyi area of Lagos with a report estimating over 70 per cent of properties therein. What could be responsible for this? Why are the properties being abandoned?  A real estate developer and Chief Executive Officer of Sujimoto Construction, Mr. Sijibomi Ogundele, said the rise in the number ...

The Managing Director of Previs, a special purpose vehicle by James Cubitt Developments, Mr. Peter Coker, has said that the country’s real estate market is highly fragmented, and gets worse from the premium to the mid-market and low income housing cadre. Coker, who spoke at the unveiling of Previs, a company designed to provide properties to professionals and mid-sized companies, ...

When it comes to property investment, it is something most people think about. It is probably the only business venture that is risk free once it’s legit. Yet for many when push comes to shove, you get stopped. It’s not surprising that a lot of people get overwhelmed by the process and quit before they even begin. But it doesn’t ...

The Lagos State branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) is championing the establishment of office of the valuer-general and regulation of estate agency practice. In this interview, the State chairman and managing director, Niger Insurance Properties Limited, OFFIONG SAMUEL UKPONG, explained to The Guardian’s HAPPINESS OTOKHINE, why the institution is promoting a bill to empower ...

Before you put your home up for sale you must first love the idea; you must let go of that home and the memories of the life you spent there to make selling your home a success. This article talks about how to let go of any emotional attachment that comes with selling a home. If you can’t unpack yourself ...

Four World Bank officials had been reportedly drowned at Egbe Dam in Egbe Ekiti, Gbonyin Local Government Area of Ekiti State.  Egbe Dam is the biggest of the six dams in the state. Mrs Folasade Akinrinmola, the chairman of the council and the state police command confirmed this development to newsmen on Thursday. Akinrinmola said that the incident which occurred on Wednesday’s ...

Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), National Union of Air Transport Employees (NUATE) and the National Union of Pensioners (NUP), yesterday, protested the planned concession of Lagos, Abuja, Kano and Port-Harcourt airports by the federal government. This led to traffic gridlock on the access roads to the airport. The union members were carrying placards with inscriptions : ...

Soldiers have invaded a community in Ogun state and the subject of controversy is a particular property that is under court litigation. Most indigenes of the said community are farmers and hunters, so one would be wondering what business the soldiers have there.   Residents of Arifanla village in Akute-Odo, Ifo local government area of Ogun state have fled the ...

A powerful pre-dawn earthquake devastated mountain villages in central Italy on Wednesday, leaving at least 38 people dead and dozens more injured, trapped or missing. Scores of buildings were reduced to dusty piles of masonry in communities close to the epicentre of the quake, which had a magnitude of between 6.0 and 6.2, according to monitors. It hit a remote ...

It was a sunny Saturday morning at 5, Otolorin street, Lawanson. Mr. Okafor was up early in time for the meeting he was scheduled to have with the tenants in his residential rental property. There had been so much hullabaloo the previous week, many pending issues to be trashed. Mr. Okafor’s countenance that morning suggested that he had a personal ...