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Tag Archives: real estate in nigeria

Successful men in Nigeria real estate sector you should know

men in Nigeria real estate

This article contains the profile of successful men in Nigeria real estate sector that are making waves in their various fields. In no particular order, we have Reverend Ugochukwu Chime He is currently the President of Real Estate Developers Association of Nigeria (REDAN). Chief Jide Taiwo He is founder of Jide Taiwo & Company. He has a vast professional experience ...

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RENT TO OWN: Another path to owning a home.

Rent-to-own

Owning your house in a country like Nigeria, especially in metro cities of Lagos, Abuja and Port Harcourt is a laudable accomplishment considering the high cost of living. In this article, we take a look at an alternative to paying rent and being treated shabbily by your landlord. The cost of renting a standard house is so back-breaking, sometimes having ...

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The THREE investor levels: Where do you fit?

Investor Levels

For every serious real estate investor or ‘would be’ investor, it is essential that you acquaint yourself with the three investor levels and be able to know exactly where you fit. In this piece I will be critically analyzing the three investor levels and hopefully answer that question that lingers in your subconscious, “Where do I fit?” Going down memory ...

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LBIC reorganizes operations, begins estates’ renewal scheme

FHA to partner with UN-HABITAT, others on national housing

The Guardian reports that Frontline Primary Mortgage Bank (PMB), Lagos Building Investment Company Plc (LBIC), has kick-started the renewal of all estates under its purview to enhance their economic value and make them safer for residents. According to The Guardian, the company also repositioned itself as the premier mortgage institution creating opportunity for ownership of good quality, contemporary and well-maintained ...

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Expert Predicts Dynamic Real Estate Market In 2016

Real estate challenges in 2015

Mr. Bismarck Rewane, who is an Economist and Chief Executive Officer of Financial Derivatives Company Limited, has predicted a dynamic real estate market in the country this year. Rewane said the real estate market would be based on economic activities and hinged on effective demand, which would be a function of the government revenue, adding that there would be a ...

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A Brief of Land Ownership In Nigeria

Land Ownership in Nigeria

Land Ownership in Nigeria is regulated by the Lands Use Act Cap 202 Volume 11 Laws of the Federation, 1990. The law vests ownership of all land within a state (except those vested in the Federal Government or its agent) in the Governor of the state who holds land in trust for the people and allocate same as far as ...

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Real Estate Realities in Nigeria

Demand in the real estate market weakened in the first quarter of the year, however, property prices remain stable. Munachi Okoye, founder and CEO of MCO Real Estate joins CNBC Africa for focus on Nigeria’s real estate sector. Watch video below:

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Realtors at MIPIM see opportunity in Nigeria Market

Real Estate developers across the world have been charged to see the 16 million housing deficit in Nigeria as a golden opportunity to invest. According to a statement, Vice Chairman of South Energyx Nigeria Limited, Ronald Chagoury Jr and promoters of Eko Atlantic City (EAC) project, said at a workshop session at Premier Real Estate Event in France that it ...

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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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