Tag Archives: Property Market

Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray. With the disruption, home buyers are still hesitant to buy. For them, the period was not ripe to invest as they don’t know how long the pandemic will last and are adopting a survival strategy. ...

Government at the state and federal levels has been urged to partner with stakeholders in Nigeria’s real estate sector to reduce housing challenge and also tackle unemployment in the country. Making the call in Lagos during the unveiling of a multi-storeyed luxury apartment and office complex jointly built by Arkland Properties and Investment Company Limited and Amlad Group at Eko ...

Nigeria Real Estate Hub correspondent, Rianat was in an interview with the Managing director of Estate intel, Dolapo Omidire. He shed light on the reports shared by the national bureau of statistics on the performance of real estate sector Read his interview below NREH: What exactly do you do in Estate Intel? Dolapo Omidire: We get a database of commercial ...

Right now in the Real Estate sector, there is palpable panic as to what is likely to happen during the 2019 elections. As you read this, many players have narrowed the presidential elections to a straight fight between President Muhammadu Buhari, the APC presidential candidate and Alhaji Atiku Abubakar of the PDP. It is generally believed that whoever emerges between ...

Experts in the real estate industry are divided on how the industry will fare this year, considering certain economic indices that may determine its growth or lack of it. While some feel that there will be marginal growth, especially in the residential sub-sector, others see a bleak year for the industry. There are also some professionals who think that the ...

The reason for the massive number of empty houses across the country despite the huge deficit in the housing sector is because most developers of the properties failed to consider property market demands, the Estate Surveyors and Valuers Registration Board of Nigeria has said. According to ESVARBON, there are so many unoccupied completed houses in virtually all states in Nigeria, ...

Property owners trying to sell their properties in flood-hit parts of the country are yielding to pressure to drop prices as demands for homes in some of the affected locations have reduced drastically. After weeks of flooding in major cities, especially in eight states, some houses have been submerged in water, forcing the occupiers and tenants to vacate the areas. ...

Stakeholders in the real estate industry have identified uncertainty over land titles as one of the major factors inhibiting the growth of the industry in the country. Other inhibitors, according to them, are regulatory bottlenecks, difficulties in obtaining permits and approvals, infrastructure deficit and funding constraints. The stakeholders spoke in Lagos at the 7th edition of the Real Estate Unite ...

Proper financing is all-important to successful property investment and development. In this article we take a critical look at the challenges of financing real estate developments in Nigeria. The term ‘development’ as defined in section 2(1) of the Nigerian Town and Country Planning ordinance 1948, states that “development in relation to any land includes any building or rebuilding operation and ...

There are various approaches to buying property depending on what suits you. You can buy property as a lone ranger, some choose to use the peer approach in acquiring properties while others opt for the cooperative approach. In this piece and in the audio that comes after, you will get to learn how to buy a property using cooperative approach. ...