Real Estate

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

  Experts has urged professionals in the real estate industry to take advantage of existing technology and innovations to deepen practice and accelerate affordable housing in the country. Immediate past chairman of Nigerian Institution of Estate Surveyors and Valuers, Lagos branch, Mr. Adedotun Bamigbola, said the introduction of cutting-edge technologies in real estate has changed ways

Last week, the state government moved to reduce the home-ownership barrier in Lagos and also speed up project deliveries of LagosHoms to combat home deficit growing faster. The subsidy initiative according to the Lagos State Commissioner for Housing, Mr Moruf Akinderu-Fatai, said the government is committed to providing affordable housing units despite steady increase in

If your house rent just got increased or you are on the market for a new apartment. You should read this. While rent prices are fixed based on the landlords or the developer’s discretion there are determinants that affect house rent decisions and they change over time. So picking Lagos as a sample size, how

Despite encouraging and evolving trends in the property market, Nigeria is experiencing rapid urbanisation in cities and other issues hindering growth of the real estate sector. In addition, the monetary and fiscal measures are able to largely dampen COVID-19 effect on households’ income and residential markets as well as devaluation of commercial property portfolios. To

Over the years, concerned citizens have been complaining and reporting the abandonment of federal government buildings in some communities in Lagos state Which has become an eyesore and hideout to miscreants. With many of these buildings in Lagos Island, there are others scattered within the state. All have valued to bring in a potential revenue