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Tag Archives: real estate

6 Reasons Why Properties In Lagos are So Expensive

6 Reasons Why Properties are Expensive In Lagos

Have you ever wondered or been involved in a conversation about why properties are so expensive in Lagos, unlike other cities in the country? What answers did you come up with? If you have, then you are not alone as the rising cost of property in Lagos has remained a topical issue in Lagos over the years. What makes this ...

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Alex Asogwa bags endorsement deal with real estate company

One time Big Brother Naija housemate, Alex Asogwa is counting her blessings as she recently inked an endorsement deal with real estate company, Jenesis Colony. Alex Asogwa The third runner-up of the widely acclaimed reality show took to Instagram to make the big announcement. She wrote: “Naomad Agency @naomadagency proudly announces the endorsement deal between Jenesis Colony @jenesiscolony1 and Alex ...

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Real Estate Courses: The Key to Eroding Quackery in the Industry

Real Estate Courses

Real estate courses are the solution to overcoming quack challenges in the real estate industry. Quacks exist everywhere. They are untrained persons, with claim to have the knowledge to deliver on a particular project or business deal. Yes, they may have worked for years and seem to have some know-how about the field of choice, but without going through adequate ...

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NIESV set to hold forum on improvement of housing delivery

housing delivery

Estate surveyors and valuers in the country plan to hold a forum on how the country can reduce its housing deficit through effective mass housing delivery. The forum, known as the 6th National Housing Summit, and scheduled to hold in Abuja on October 8 and 9, is being organised by the Faculty of Housing, Nigerian Institution of Estate Surveyors and ...

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Flood affects property markets in eight states


Property owners trying to sell their properties in flood-hit parts of the country are yielding to pressure to drop prices as demands for homes in some of the affected locations have reduced drastically. After weeks of flooding in major cities, especially in eight states, some houses have been submerged in water, forcing the occupiers and tenants to vacate the areas. ...

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FG implores states, private sector to partner to boost infrastructure


The Federal Government has called on the 36 State Governments to use Public Private Partnership (PPP) model to improve public service delivery and infrastructure in their respective states. The acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, made this call in Abuja on Thursday at the launch of the 2018 Nigeria PPP Network (NPPPN). The theme was “Accelerated ...

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FG supports FHA programmes with N9bn


The Federal Housing Authority (FHA) established in 1973 is charged with the preparation of proposals for national housing programmes as well as execution of such housing programmes. It also develops and manages real estate in all states of the federation. The President Muhammadu Buhari-led administration had at many fora reiterated its commitment to the provision of affordable houses to Nigerians. ...

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Nigeria records $45.7bn investments in six months


Nigeria recorded a total investment commitment of $45.7bn in various sectors of the economy within the first six months of this year. Figures obtained from the Nigerian Investment Promotion Commission showed that the $45.74bn investment commitments were made for 42 projects in nine states and the Federal Capital Territory. The sectoral analysis of the commitments indicates that investors were willing ...

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Ogun government reduces ground rent by 67%

ground rent

The Ogun State Government has slashed by 67 per cent the ground rent for Base Transceiver Stations owned by IHS. The Chairman of the Nigerian Communications Commission, Senator Olabiyi Durojaiye, while speaking at the NigeriaCom conference in Lagos, said this was made possible by the intervention of the commission. As such, he said the Ogun State Government had agreed to ...

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Experts identify Land titles as one of the challenges facing property market

Land titles

Stakeholders in the real estate industry have identified uncertainty over land titles as one of the major factors inhibiting the growth of the industry in the country. Other inhibitors, according to them, are regulatory bottlenecks, difficulties in obtaining permits and approvals, infrastructure deficit and funding constraints. The stakeholders spoke in Lagos at the 7th edition of the Real Estate Unite ...

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