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A Brief of Land Ownership In Nigeria

Land Ownership in Nigeria

Land Ownership in Nigeria is regulated by the Lands Use Act Cap 202 Volume 11 Laws of the Federation, 1990. The law vests ownership of all land within a state (except those vested in the Federal Government or its agent) in the Governor of the state who holds land in trust for the people and allocate same as far as ...

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Lamudi acquires PH real estate brand MyProperty.ph

Lamudi appoints Akua Nyame-Mensah as new MD of Lamudi Nigeria

Global property portal Lamudi announced Tuesday that it had acquired MyProperty.ph, a popular online and print real estate brand in the Philippines. The deal size was not disclosed, but Lamudi executives in the Philippines tagged the transaction as the “biggest acquisition in online real estate”. Lamudi is one of the 36 subsidiaries of German-based Internet company Rocket Internet “It’s actually a ...

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The Federal Mortgage Bank of Nigeria: An Overview

Federal Mortgage Bank of Nigeria

Housing sector plays a critical role in the development of an economy. It not only affects the welfare of the citizens but also the performance of other sectors of the economy. It is one of the three most important basic needs of man, the others being food and clothing. Consequently, greater attention is being given by governments in the delivery ...

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Who truly owns Lagos?

Every man has a history so does a place. There has been various claims by some notable tribes as to who really owns Lagos, prominent amongst them are the Igbos who are the biggest investors in the largest city in sub-saharan Africa just like they are in the FCT. That would have been the same story in Calabar, Port Harcourt ...

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Essential tips for first time home buyers

home buyers

It has eventually come to that point where you feel you’ve grown out of your tiny, rented apartment and have built a career that provides a stable income. It looks like you’re ready to buy your first home! Buying your first home can be a daunting task, so we’ve provided some tips for first-time home buyers to help you enjoy ...

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Real Estate Investment To Grow 49% In Nigeria by 2020 – PwC

Nigeria’s real estate investment is expected to increase by 49 percent by the year 2020 to reach $13.65 billion, auditing firm PricewaterhouseCoopers (PwC) said a new report. The report titled ‘Real Estate: Building the future of Africa’ predicted the sector will grow at 8.7 percent making it the sixth largest in the economy. The growth will be on the back ...

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75% of prime real estate buyers in Dubai are foreigners

Every year, billions of dirhams are generated from the sales of luxurious flats in Dubai. But where does the money come from and who are the wealthy buyers? According to Christie’s International Real Estate, there are more high-net-worth individuals (HNWIs) snapping up prime property in Dubai than in traditional hotspots in the United States or United Kingdom. In fact, Dubai ...

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Commission sharing among estate agents

commission

In selling, buying or leasing a property, you usually require the services of an agent or broker and a lawyer. Although some people conduct real estate transactions without the services of these people because of the fees usually attached, industry experts believe it is better to engage them rather than not since they make the job easier, know the going ...

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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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