Tag Archives: real estate

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

Residents of Dolphin Estate, Ikoyi, a high-brow Lagos community, are battling to restore the original master plan of the estate. They feared that the existence of non-resident artisans, motor parks, roadside mechanics, vulcanisers and street traders, among others would not only continue to pose security risks, but was gradually tampering with the structural design of the estate. The Dolphin Estate ...

In this interview, Otunba Tunji Sotimirin shares his views on various aspects of real estate and housing issues arising in Nigeria. He also has some very insightful messages for real estate investors, developers and practitioners in general. The youths are not left out too, just as he also has something to say about retirement. Please read and leave your comments. ...