Real Estate

A new report by a Lagos-based real estate firm, Octo5 Holdings limited has revealed that the fundamentals of the Nigerian economy remain good for real estate investment despite increased insecurity and lack of effective management of fiscal systems. The report, which critically examined how inflation, naira devaluation and high exchange rate impacted the real estate,

Lagos State Governor, Mr. Babajide Sanwo-Olu, has disclosed that a new policy for monthly tenancy on property occupancy would commence in Lagos State in 2022. The Governor said this at the Lagos Real Estate Market Place Conference and Exhibitions organised by the Lagos State Real Estate Regulatory Authority (LASRERA) this week. In a statement signed

The recent surge in insecurity across major cities is inducing preference and demand for gated communities. The development has created opportunities to reduce vacancy rate and open up further investment opportunities to private developers in Lagos, Abuja, Onitsha, Ekiti, Kaduna, Ondo, Zamfara, Imo, Anambra, Lagos and other cities. Gated communities are residential housing estates with

The Nigerian Institution of Surveyors (NIS) Lagos State Branch is greatly saddened by the unfortunate death of scores of people at the construction site on Gerrard Road, Ikoyi on the 1st of November 2021. We condone with the Government and the people of Lagos State the irreplaceable loss of souls. This has become rather prevalent going

In 2019, we completed some research on how Africans pay rent, based on our findings, 4 out of 19 major African countries including Nigeria require annual upfront payments for rent. In most parts of the world, rents are paid monthly. The implication of the annual rent payment system (as it applies in Nigeria) is that prospective home renters, especially

  Did you know that having a plant in your house not only adds to the beauty and overall aesthetics of your home but also helps to purify the air and give your home a refreshing feeling all day long? Over the years, house-plants have been used in many homes because of its the amazing

Rent rise by over 50 per cent in major locations Rental homes are getting more expensive in Southwestern cities as professionals and young families struggle to pay exorbitant rents demanded by landlords.The shortage in affordable homes has been the driver for high demand, leaving those that need homes at the mercy of landlords. Many professionals

The unprecedented activities of fraudsters and professionals who invade the real estate market to dispossess prospective homeowners of hard-earned money are posing a threat to operations in the sector. With an estimated value of N59 trillion opportunities, 200 million population and a housing demand-supply gap put at over 20 million units, the real estate market

The first Housing estate in Nigeria was the Bodija Housing Estate, Ibadan. The Ibadan Housing Estate was birthed in 1959 when the regional government decided to increase the number of modern houses available in the city. The Estate was built on a 400-acre of land in the area known as Bodija. At the time, the location