The Lagos State Government and the Building Collapse Prevention Guild have called on stakeholders in the built environment and members of the public to join forces with the government to stop the incessant collapse of buildings in the state and the country at large. They stated that people could do this by reporting cases of illegal construction and defective structures ...
Read More »Tag Archives: real estate developer
Things to consider When Investing in Real Estate as a Developer
If you wish to enter into the real estate field to buy property as your investment or as a developer, this article outlines many ways that you can do it. While investing in real estate, make sure you use “buy them and fix them” method. It’s basically a strategy of buying properties that require work and fixing them up in ...
Read More »You can erect a building with just two bags of cement – Expert
A Real Estate Developer, Architect Bello Moruf, has advocated the use of local materials in the built environment in order to reduce the high cost of building houses in the country. With just two bags of cement you can assemble a building. Moruf made a case for the adoption of brick building, which he said, is very cheap and less ...
Read More »Lagos partners estate developer on 20,000 housing units
The Lagos State Government on Wednesday, signed a Memorandum of Understanding with a real estate developer, Echostone Limited, to build 20,000 housing units in the state within four years. Speaking while signing the partnership agreement, Mr Gbolahan Lawal, the state Commissioner for Housing, said Lagos State would provide the land as its equity contribution, while Echostone would finance the project. ...
Read More »Experts tackle Federal Government on neglect of housing sector
“Some leading stakeholders in the built environment have decried the seeming neglect of the housing sector by the Federal Government.”-Independent Those who spoke with INDEPENDENT hinged their submission on the non-challant disposition of the Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola on the developmental growth of the housing sector even as they frowned at the Federal Government’s ...
Read More »How To Do Comparative Market Analysis On Your Real Estate
As a prospective home seller (or home buyer), you’ve probably heard of comparative market analysis. This tool has long been used by real estate agents, real estate investors and homeowners to gauge the value of their properties. This article will show you how to carry out a competitive market analysis of your home. What is Comparative Market Analysis? A comparative ...
Read More »Rising Number of Vacant Houses In Ikoyi Raises Concerns
There is increasing concern over the rising number of vacant houses in the highbrow Ikoyi area of Lagos with a report estimating over 70 per cent of properties therein. What could be responsible for this? Why are the properties being abandoned? A real estate developer and Chief Executive Officer of Sujimoto Construction, Mr. Sijibomi Ogundele, said the rise in the number ...
Read More »“Banks are not lending to real estate developers or granting mortgage”
A real estate expert, Mr. Dipo Fakorede, has attributed the current lull in the sector to cash crunch and change of government at the federal level. He stated that Banks are not lending the the real estate developer or granting mortgage due to the new government policies. He said the incomes of estate firms and investors have been dwindling because ...
Read More »Raleigh real estate developer sentenced to prison
United States – A Raleigh real estate developer has been sentenced to 30 months in prison and must forfeit nine properties in the Triangle – all for his part in an alleged bank fraud scheme. Howard Goldsmith, 41, was charged with conspiracy to commit wire and bank fraud after the feds say he and his conspirators carried out a fraud ...
Read More »Dealing With The Challenges Of A Real Estate Developer
Today, I want to talk about the challenges of a real estate developer. Recently, I had the honour of being with Otunba Olajide Awosedo, the chairman of Grant Properties Limited, a foremost real estate developer particularly in Lagos State and the ice – breaker in the Lekki peninsular axis. Some of you would know a thing or two about Goshen ...
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