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Tag Archives: real estate

TECHNOLOGY: Eko Atlantic developers unveil mobile app

Messrs South Energyx Nigeria Limited, planners and developers of Eko Atlantic City, an emerging city being built on land reclaimed from the Atlantic Ocean located beside the popular Bar Beach on Ahmadu Bello Way, Victoria Island, Lagos, have devised their first mobile application that can be used on all new generation smart phones and Eko-pixtablets (Android and iOS platforms). The ...

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STANBIC IBTC and experts solicit enhanced REIT transactions

In order to facilitate the establishment of an efficient and viable Real Estate Investment Trust (REIT) regime in the country, experts have urged the authorities to fashion out a new tax regulation that will enhance equitable administration of value in the real estate sector. They also called for an urban planning processes to create an improved enabling environment, which will ...

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Real Estate agents reveal their dirty little secrets

Unfortunately, the real-estate-agent business is saddled with a poor reputation. According to the real estate agents surveyed by consumerreports.org, that reputation is sometimes earned. Here are a few of the top bad behaviors the real estate agents surveyed say they’ve witnessed, all of which breach the ethical code of Realtors . They’re listed in the order of how frequently they ...

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The BROUHAHA of OGA MARTINS – Episode 1

We promised and we are delivering. We are bringing to you the FIRST EVER REAL ESTATE FICTION SERIES. Through this series you will be exposed to a lot of things tenants and landlords go through with each other, as well as what real estate agents and practitioners go through trying to make a living and how all these affects you ...

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Real Estate Developers Association of Nigeria (REDAN)

REDAN

As a way to effectively handle the current huge housing deficit in the country, the government is collaborating with the private sector through reputable agencies and associations. One of such is the Real Estate Developer’s Association of Nigeria (NIGERIA), an agency tasked principally with the responsibility of facilitating the delivery of affordable mass housing in the country. The association has ...

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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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Investors and developers predict vibrant post-election real estate sector

For a number of reasons which include the persisting housing deficit estimated at 17 million units, rising urbanisation and evolving scenarios that are likely to stimulate supply, investors and developers are optimistic that the real estate sector in Nigeria will become vibrant again after the general elections slated for next month. Presently, the sector, on account of political activities and ...

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Nigerians spend over N310bn on Dubai vacation

Three-hundred-thousand Nigerians spent about N310 billion on vacation in Dubai, the United Arab Emirates (UAE), in December, 2014, more than the annual budgets of a majority of the states in Nigeria. BusinessWorld Intelligence reveals that they spent about N60 billion on flights, N9 billion on visas, N120 billion on accommodations and N110 billion on shopping. A source in The First ...

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The ‘SUPPLIER’s CREDIT’ approach to buying properties

This is the continuation of the ‘Approaches to buying properties’ series we started towards the end of last year. You can read the earlier articles where we discussed the first approach here and here. The second method is what you can call a supplier’s credit. Supplier’s credit like we know it is your supplier giving you goods to sell before ...

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Professionals predict tough 2015 for Nigeria’s real estate market

Nigeria’s real estate industry may not perform well in this current year, if the nation’s fiscal policy and the present regime of naira devaluation persist, professionals within the built environment have said, predicting low activities of the market in 2015. This is coming at a time the Central Bank of Nigeria (CBN) says it is working to beef up the ...

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