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Tag Archives: real estate

Odu’a Investments inaugurates N500m residential estate in Ibadan

Odu’a Investments

The Nation reports that the management of Odu’a Investments Limited yesterday inaugurated a N500 million residential estate in Ibadan, Oyo State capital. This is the regional group’s first project for boosting real estate portfolios beyond the N7 billion mark. The project, called Ace Estate, sits on a 4,400-square metre land at highbrow Jericho Government Reserved Area (GRA). It consists of ...

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Nigeria’s real estate to learn from Dubai’s real estate sector global appeal

Nigeria’s real estate

The quest for diversification of the economy and attract foreign investment in Nigeria’s real estate is set for a boost with promoters of The Oceanna unveiling investment options for part-ownership, similar to what earned the Dubai real estate sector global appeal – The Nation The Group Managing Director, Palton Morgan Holdings, Adeyinka Adesope, said the hotel segment of the iconic project ...

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2nd Nigeria Real Estate Summit and Expo to hold in Lagos

Investing in real estate

The Guardian reports that over 50 leading Nigerian companies and counterpart firms from the UK, Ghana, South Africa and UAE are some of the organizations that would participate at the 2nd Nigeria Real Estate Summit and Expo to hold in Lagos.Announcing this at an interactive meeting with stake holders in Lagos, Steve Ike, head of the summit’s organsing committee stated ...

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Stakeholders push for standardization of real estate agency practice

good real estate agent

“Except there is a reversal in real estate agency practice, its practitioners will continue to feed on crumbs. This is because of the lack of standard in estate agency as being practised in the country. The lack of standardised practice, it is believed, explains why Nigerian estate agents are not getting juicy deals, especially from multinationals.”- The Nation “Can any ...

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Federal Government and Western Atlantic to train real estate practitioners


“As part of efforts aimed at promoting professionalism in the real estate sector, as well as reducing the deluge of building collapse in the country, Western Atlantic Corporations Limited, the promoters of MOREACADEMY project, in collaboration with the Centre for Management Development (CMD), has concluded plans to hold Mortgage Industry Stakeholders Luncheon and train about 70 real estate practitioners.”- The ...

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Mistakes of a Real Estate Investor

Mistakes of a real estate investor

Though real estate investment can be highly profitable, it can as well be tricky and quite complex. In this article, we would take a look at common mistakes of a real estate investor in an attempt to break the banks. Even in our present recession people are still investing in real estate, foreclosure crisis persists and mistakes are still being ...

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Valuer blames banks for low real estate investments

Mortgage Credit Rating

The Tide reports that an Estate Surveyor and Valuer, Hannibal Adodo, has blamed commercial banks in Nigeria for low real estate investments, as compared to other developed countries of the world. He also indicted  commercial banks for their failure to assist people who do investment in the real estate sector. Adodo, who made the remarks while interacting with newsmen at ...

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Governments urged to give tax incentives to increase housing supply

increasing housing supply

“Governments at federal and state levels have been urged to give tax incentives, such as a holiday, for cooperative societies investing in real estate to enable them increase housing supply and ultimately drag down house prices for buyers, especially the low income earners.”- Business Day Meckson Innocent Okoro, an estate surveyor and valuer, who made this call recently, also urged ...

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Real estate investors cautious with investing in Abuja

Stakeholders seek improvement in real estate investments

“Real estate investors have become very cautious with investment in Abuja, Nigeria’s federal capital territory, despite the compelling investment opportunity which the market in that small but very vibrant city offers. With a rapidly growing population of over three million, Abuja is a very strong market comprising A and B level consumers which underpins the residents’ potential buying power.”- Business ...

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Ambode decries lack of standards in real estate agency in Nigeria

real estate agency in Nigeria

According to The Guardian, Lagos State Governor Akinwunmi Ambode has decried lack of standards in real estate agency in Nigeria. He said Nigerians had been defrauded to the tune of several billions of naira as a result of the activities of dubious and unqualified agents. Ambode, who spoke yesterday at the first edition of 2017 yearly stakeholders’ forum organised by ...

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