The Lagos State Government on Monday advised residents to patronise only certified and registered estate agents or developers while seeking accommodation or dealing in properties. Mr Wasiu Akewusola, Permanent Secretary, Lagos State Ministry of Housing, gave the advice at Alapere in Ketu, near Lagos, where a fraudulent property developer allegedly duped no fewer than 262 prospective home buyers. “Residents of ...
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Stakeholders reject proposed 10% tax on commercial rent in Lagos
Stakeholders in housing and real estate sectors in Lagos State, yesterday, appealed to the House of Assembly not to consider a proposed 10 per cent tax on commercial properties. The stakeholders made the appeal at a one-day public hearing on “A Bill for a Law to Regulate the Relationship of the Parties Under Tenancy Agreements and Specify the Procedure for ...
Read More »Tackling Quackery In The Real Estate Sector
There have been several cases of fraudulent practices in the real estate sector, especially in the aspect that involves securing accommodation or finding a place to rent. This has focused the searchlight on real estate agents. In fact the honest ones or professionals amongst them are not taken seriously by some members of the public who have experienced their fair ...
Read More »Estate Surveyor attributes quacks to the rate of unemployment in Nigeria
In this interview with Elsie Godwin of Nigeria Real Estate Hub, A registered member of Nigeria Institution of Estate Surveyor and Valuers (NIESV) and a chartered Estate Surveyor, Mr. Samson Agbato attributes the influx of quacks to the profession to the rate of unemployment in Nigeria. He also gives clear details on what it means to be a registered member ...
Read More »Interview with Jide Odelola; Vice President APICAN pt 3
NREH: Including people like Jide Taiwo? If he wishes. It’s just that in the country now, real estate agents have many associations. I spoke about ERCAAN earlier and there are so many others but after the stakeholders meeting, a lot of them now want to affiliate with APICAN and we are all working on having a common body. The people ...
Read More »Regulatory Bodies in Nigerian Real Estate
The Real Estate Industry is a massive one and it’s no wonder there are quite a number of regulatory bodies for the various professions contained in the industry. The regulatory bodies in Nigerian Real Estate include but are not restricted to the following; Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) The Estate Surveyors and Valuers Registration Board of ...
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