Real Estate Articles

In 2001, the Lagos State Government promulgated the Land Use Charge law in response to the increasing demand for provision of urban and rural infrastructures occasioned by dwindling federal revenue allocations. 14 years later the land use charge law is still not widely accepted. Majority of Lagosians don’t even see the justification or the rationale for its promulgation, a lot ...

A distinguishing feature of a profession is its acceptance of its responsibility to the public. The clients of Estate Surveyors and Valuers consist of the three arms of government; private investors, the business and financial community, and others who rely on the objectivity and integrity of members to maintain the orderly functioning of the real estate business hence high level ...

If football is the most popular sport in the world, shouldn’t a stadium be the most visited place or probably the most amazing site in the world? When I was still a child I thought stadiums had the largest convergence of people in the world. Now that I’m old and the sport has gained more popularity, I don’t think that ...

Have you ever wondered how is it that one match can start a forest fire, but it takes a whole box of matches to start a campfire? One word separates the two instances…Carelessness. Robert heddrick once said that a spark neglected makes a mighty fire. That’s the situation with fire incidences in Nigeria especially the ones that happen in the ...

The Nigerian constitution actually makes it mandatory for the President and other officials/officers of the state, especially the elected/appointed officers to declare their assets which include their real estate acquisition and investments while taking over and leaving their offices with the Code of Conduct Bureau. But whether such declaration should be made public for the sake of transparency is a ...

Taxes are known to be levies paid by citizens of a community for the services provided such as town halls, markets, roads, electricity e.t.c. The existence of taxes dates way back to the ancient communities where people pay either tribute or sweat tax to the local chiefs. Since the discovery of crude oil in the early 1960’s in Nigeria, the ...

This is the last part of the series – Before you purchase that Lagos property. Last week we talked about the Acquisition/Purchase proper when it comes to property acquisition in Nigeria with reference to Lagos. Here is the concluding part: EFFECT OF NON-REGISTRATION Where documents created over a land transaction are not registered it renders such documents inadmissible in a ...

Noise is not inherently harmful to humans or environment. It is when noise becomes unusually loud and uncontrolled that it diminishes the quality of air and adversely affects the environment, public health and welfare. Noise pollution is one of the environmental hazards affecting humans as well as climate. In most urban areas of the third or developing countries of the ...

Investment in real estate has been one of the oldest and most common forms of investment dating back to the beginning of human civilization, evolving into a more sophisticated market having its own real estate backed securities, which could be issued privately or on the domestic/international capital market. The desire to pool resources from multiple investors to acquire prime real ...

He who invests in properties does a good thing. However he who buys or builds a house in his own country is blessed beyond measures as long as his hands are clean. In an era where the acquisition of state-of-the-art properties by our politicians is being questioned by higher authorities, same can’t be said about our celebrities or entertainers who ...