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Real Estate Articles

The Process of Site Selection in Housing Scheme Projects

site selection

Selection of the site is, arguably, the single most important consideration in the process of providing housing. Factors such as the location, size and accessibility of a site and its proximity to amenities and services are important to the future development of a self-sustaining community. In the wider context, any new housing development will have a significant impact on the ...

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Vacant homes, yet homeless Nigerians

vacant homes

The rising cost of renting houses in thriving Nigerian cities of Lagos, Port Harcourt and Abuja, which goes beyond the reach of potential tenants stretches the number of homeless people beyond borders. This development is worrisome in view of the huge housing deficit in Nigeria. Yet there is an increasing number of vacant homes; buildings that should have families albeit ...

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How to Identify a Good Quality Housing

good quality housing

In a country where only few houses are home-worthy, it shouldn’t be hard to tell a quality housing. However because of our constant exposure to economic hardship and poverty our idea of quality housing may have been compromised. So when a Nigerian says he lives in a house of high quality; a house that lives up to expectations and the ...

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top 5 unsafe places in lagos

There are lots of beautiful cities around the world that people crave to visit and spend quality time. However those cities are not perfect wonders, they do have some factors that smear their beauty and Lagos is no exception. In as much as some parts of the city defile all odds in terms of finesse, there are some places that ...

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Top five things to think about before you make a buy

buying a house

Buying a house is generally an exciting adventure and could be painstaking for some when it looks like you are left with no funds after the buy. The thrill of finding a home that you and your family can enjoy, where you will raise your children, make friends – all the good things that home ownership entails. But there are ...

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To Renovate or not to Renovate before selling?

renovate before selling

A lot of people sell their properties without getting the right returns on investment probably because they leave renovations to the buyer which invariably reduces the value of such property. Once a decision is been made on the sale of a property, returns on investment should be top priority. To renovate or not to renovate? This is indeed the huge ...

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As tiny as Lagos appears in terms of landmass, it has remained the most promising habitation and business hub for many Nigerians of diverse tongues. If owning a house or a land in Lagos does not form the core of the dreams of the average man who resides in Lagos then probably that person is no Lagosian to begin with. ...

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What makes a Good Investment Property?

investment property

This article is a sequel to “Understanding the Property Cycle When Buying” A well thought out and chosen property is likely to deliver greater returns in the future; not only in the form of capital growth but also in the form of rental returns. In order to maximise investment return, here are some key considerations to make: 1. The Right ...

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Understanding the Property Cycle When Buying

property circle

In real estate the property market moves in cycles. Property values may rise due to strong market growth, remain steady or even decline during certain phases of the cycle. Thus, as an investor, it is important to know where the market is within the cycle to ensure you secure your property at the right price. As is depicted in the ...

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Land Acquisition Policy in Nigeria

land acquisition in Nigeria

Since 1978, the major legislation regulating land acquisition within the country has been the Land Use Act of 1978 which states that all land in a State is to be held in trust by the State Governor for the benefit of all Nigerians. By law, foreigners may also acquire land wherever it is located in the country from either the ...

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