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The Nigerian Institute of Town Planners (NITP)

Every city or country requires structural planning. This is to enable the government strategize appropriately and effectively with the purpose of meeting the social, economic and environmental needs of the citizens. In Nigeria, the Nigerian Institute of Town Planners (NITP) is the leading body tasked with the responsibility of improving the art and science of planning. It is responsible for ...

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Association of Estate Agents in Nigeria (AEAN)

Over the years, a lot of people have fallen victim of fraudsters who disguise as real estate agents and end up being swindled, with no hope of getting their money back or the property they paid for. This has given the public a poor perception of estate agents. In a bid to reverse this perception and curtail such fraudulent activities, ...

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The Nigerian Institute of Building (NIOB)

The professional body responsible for promoting the science and practice of building technology, maintenance, surveying, production/construction management, maintaining a high standard of competence and professional conduct as well as promoting and encouraging the advancement of technical and general knowledge in the building profession in Nigeria is the Nigerian Institute of Building (NIOB). Drawing its origin from a related society called ...

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Nigerian Institution of Estate Surveyors and Valuers (NIESV)

One of the leading professional bodies in the Nigerian real estate industry is the Nigerian Institution of Estate Surveyors and Valuers (NIESV), a non-profit, voluntary, professional body established by a couple of surveyors who had their professional training in the UK and obtained the Royal Institute of Chartered Surveyors certification. The institution, which was created in 1969, was set up ...

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Real Estate Developers Association of Nigeria (REDAN)

REDAN

As a way to effectively handle the current huge housing deficit in the country, the government is collaborating with the private sector through reputable agencies and associations. One of such is the Real Estate Developer’s Association of Nigeria (NIGERIA), an agency tasked principally with the responsibility of facilitating the delivery of affordable mass housing in the country. The association has ...

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The RENT-TO-OWN approach to buying property

I call this approcah the Rent-to-Own or Lease option. The beauty about rent-to-own is that it takes care of the challenge of the tenant. The dilemma about tenancy is that you can be a tenant in a house for thirty years, paying your rent as at when due. If by the thirty-first year you lose your job and cannot pay, ...

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The ‘SUPPLIER’s CREDIT’ approach to buying properties

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 ...

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Buying Property: Private Lender Approach II

Private lender approach

Last time, I shared the private lender’s approach and gave an example. In order to broaden more on this approach i will use this medium to share another example. It is my hope that a lot of us will learn how to use this approach to our advantage. In this second example, I used private lender with another method. This ...

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Approaches To Buying Property: Private Lender Approach

Buying a home

You may find yourself asking if there can be other ways of buying property apart from the conventional way we all know. Wait on this! As is common, I would usually lace a lot of presentations and approaches with practical experiences that we’ve had as a company or that I know that other people, associates, or friends that we know ...

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Impact of Nigeria’s Rebasing on the Real Estate Sector

After Nigeria’s Gross Domestic Product (GDP) was recently rebased by measuring GDP estimates with a current base year price structure, Nigeria took over from South Africa as the largest economy in the African continent. This can be attributed to significant contribution by various sectors such as the real estate industry, which is estimated to be 8.01 percent and pegged at ...

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