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Tag Archives: Property Market

Experts in real estate sector panic over 2019 elections

2019 elections

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 ...

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Developers should consider property market before building – ESVARBON

property market

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, ...

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Flood affects property markets in eight states

property

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. ...

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Experts identify Land titles as one of the challenges facing property market

Land titles

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 ...

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The Challenges of Financing Real Estate Developments in Nigeria

Financing real estate developments

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 ...

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How To Buy a Property Using Cooperative Approach

cooperative approach

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. ...

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Land Reforms and the Future of the Land Use Act in Nigeria

Buy Land In Nigeria

Human society the world over is heavily dependent on land and its resources. It is not an overstatement to say that without land there would be no human existence. In this article we take a critical look at land reforms and the future of Land use act in Nigeria. Man gets items very essential for his survival such as food, ...

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“Opportunities exist in affordable housing”, Mixta

"Opportunities exist in affordable housing", Mixta

“The affordable housing and property market is one segment most real estate developers avoid for various reasons, but which once surmounted could sprint fortunes, said Mr. Kola Ashiru-Balogun, Managing Director of Mixta Nigeria, a company of ARM.” – This Day ARM acquired Mixta Africa and it renamed ARM Properties Mixta Nigeria and what they have done since then, according to ...

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