Real Estate

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, ...

Convinced of the strategic importance and potentials of building and construction sector as the third largest in terms of gross domestic product (GDP), ranking in Lagos, the state government has come up with new initiative that is geared towards boosting activities within the sector in the state. Essentially, two major areas are currently receiving attention, namely; housing and construction sector. ...

Going by the recent report by Climate Central, an organization that is consistently monitoring climate change and its effects globally, 20 countries are said to be at risk from sea level rise. The countries included Nigeria where one percent of the population may likely be affected, especially, in the coastal areas, while China, Vietnam, Japan, India Philippines and Netherlands, among ...

This is the continuation of the ‘Approaches to buying properties’ series we started towards the end of last year. You can read the earlier articles where we discussed the first approach here and here. The second method is what you can call a supplier’s credit. Supplier’s credit like we know it is your supplier giving you goods to sell before ...

Residents of 14, Bodunrin Caulcrick Road, a compound located within the LSDPC Phase I Estate, Ogba, Ikeja, Lagos State, have cried out over what they described as usurpation and encroachment on supportive space meant to ease lives in their portion of the estate. They described the illegal conversion, allegedly perpetrated by a Permanent Secretary, PS (names withheld) in the Lagos ...

Nigeria’s real estate industry may not perform well in this current year, if the nation’s fiscal policy and the present regime of naira devaluation persist, professionals within the built environment have said, predicting low activities of the market in 2015. This is coming at a time the Central Bank of Nigeria (CBN) says it is working to beef up the ...

One of the cardinal areas the newly unveiled development plan 2012-2025 would focus on is infrastructure, as the Lagos State Government has said it is putting in place proactive measures on ground to ensure that its infrastructures are maintained, while working to provide more to the enjoyment of the residents in Lagos. Besides, the plan would also intend to address ...

The move by the Anambra State Governor, Chief Willie Obiano to embark on the construction of multi-city projects in Awka Capital Territory, has been endorsed by royal fathers and the chairmen of the various local government areas that make up the area. Seen as the next big thing in Nigeria’s real estate. The endorsement came when the Awka Capital Territory ...

For failing to lead evidence to prove the origin of their claim to Ojuwoye community in Mushin Local Government of Lagos State, the Supreme Court of Nigeria has rejected the argument by the Apena family of Lagos to own a large parcel of land in Lagos State. The case decided few months ago, brought to an end the age-long rancor ...

Undoubtedly, the most talked about issue in the built environment in 2014 is cement, with much made of its contribution to building collapse, pricing and the uneasy relationship among the big players in the industry. The ‘war’ has taken many dimensions, with price being used as one of the weapons most commonly deployed. The biggest player in the industry, Dangote ...