Real Estate

The Lagos state land use charge law was instituted on 22nd June, 2001 to  replace the old tenement rate. The land use charge is designed to help the government generate additional revenue needed to develope the state in the light of increasing demand for provision of urban and rural infrastructures and other expenditure while a population that grows at an ...

In what has become a new trend in the nation since the devaluation of Naira, landlords and schools in various parts of the country have been demanding payment in dollars. And now, The Central Bank of Nigeria has frowned at the growing practice of trading goods and services in foreign currencies instead of the Naira in Nigeria. The Bank’s governor, ...

Zhuhai Real Estate developer, Liang Shezeng has joined the ranks of the world’s billionaires following gains in the share price of his Shenzhen-listed property development company, Guangdong Shirongzhaoye . Liang, 82, injected 76% of his property business, Shirong Industrial, into publicly traded Guangdong Well Medicine Science & Technology in 2008, subsequent to which the company changed its name to Guangdong ...

Absorption rate is the number of months it would take to sell the currently listed homes in the market. That is a simple definition, and the math is for the most part. However, it’s an important concept, and it’s used by a great many real estate related businesses to attempt to predict home prices and sales activity going forward. The ...

You might be intrigued why Hollywood real estate is a good investment. Although they are usually priced steep, the returns are still on the positive side. Here are the reasons why you may consider investing in Hollywood properties: 1. Prime Location Property with High Returns It sells because it’s Hollywood! A prime real estate property to begin with, it sells ...

Sam Worthington, the Australian actor best known for his lead role in “Avatar,” is putting his Kauai North Shore properties up for sale for about $6.5 million. The 11 acres of property in Kealia Makai include a three bathroom, three-bedroom 4,352-square-foot home as well as about six acres of an adjacent vacant lot, according to public records. Worthington, who also ...

Our second story in a long series of Agent’s diary dwells on the private life of a Real estate agent who happens to come from a very wealthy home. This is a sojourn into the personal life of arguably the youngest and one of the most talked about agent in Lekki; Kunle Irepodun (real names withheld). We decided to share ...

Nigeria is at the forefront of West African countries in major infrastructure construction projects in 2014, according to data from a recently released Deloitte African Construction Trends report. The report states that Nigeria spent $36.4 billion in major infrastructure construction projects for the year under review. Investment has been on the rise following the rebasing of the country’s gross domestic ...

Real Estate developers across the world have been charged to see the 16 million housing deficit in Nigeria as a golden opportunity to invest. According to a statement, Vice Chairman of South Energyx Nigeria Limited, Ronald Chagoury Jr and promoters of Eko Atlantic City (EAC) project, said at a workshop session at Premier Real Estate Event in France that it ...

Dubai Investments, a diversified company, has formed a joint venture with the Saudi-Lebanese firm Red House to manage and develop a property project in Saudi Arabia. This will be the company’s first foray outside the UAE. The developer of the Dubai Investments Park will have a 50 per cent stake in a joint venture to develop the Riyadh Investment Park ...