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  • Nigeria luxury real estate slumps amid coronavirus crisis

    • July 3, 2020
    • Posted by: admin
    • Category: Business plans, Economics, Finance & accounting, International, Investment, Real Estate
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    As the downturn from coronavirus pandemic squeezes the economy, higher-end and luxury real estate markets have become the hardest hit, as premium apartments property owners record lowest sales in major cities. In the past five years, high vacancy rate has existed in the luxury segment of the market, especially in Abuja, Lagos and Port Harcourt,

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  • The Outlook For A Post-Pandemic Future In Property Management

    • June 29, 2020
    • Posted by: admin
    • Category: Real Estate
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    Back in March of this year, property managers across the country quickly pivoted strategies to address Covid-19 head-on. They implemented new policies, revised safety procedures for residents and staff, shifted a bulk of associates to remote working models and dealt with managing resident queries and concerns over monthly rent payments. It was a month unlike

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  • What does it take to become a Landlord?

    • June 19, 2020
    • Posted by: admin
    • Category: Business plans, Finance & accounting, Investment, Real Estate
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    Landlords don’t just collect rent checks. Successful landlords must understand the law, negotiate different personalities, and adapt to various problems that can pop up at any time. Here are six things every potential landlord should consider before taking a launch.   Being a landlord is not a 9 to 5  job structure Landlords don’t punch

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  • Lagos state government discloses portal to restrain fraudulent activities in the real estate business.

    • June 12, 2020
    • Posted by: admin
    • Category: Innovation, Real Estate
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    In a bid to sanitize the real estate sector, the Lagos state government has made it mandatory for practitioners like house agents, property developers and professionals in the real estate sector to register with the state. This was announced via Lagos State’s Twitter handle, @followlasg. Speaking during the launch of the website on Thursday at

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  • How COVID-19 impacts buyers in real estate market

    • June 8, 2020
    • Posted by: admin
    • Category: Business plans, Funding trends, International, Investment, Real Estate
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    Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray. With the disruption, home buyers are still hesitant to buy. For them, the period was not ripe to invest as they don’t know how long the pandemic will last and

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  • Real Estate Collaboration: Sharing Versus Keeping the Egde

    • May 30, 2020
    • Posted by: admin
    • Category: Real Estate
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    Small businesses and real estate investors are discovering that the new business landscape demands a ‘share or die’ mentality. However, when is it smart to participate in real estate collaboration efforts and when is it more beneficial to keep information to yourself? Several articles have been published on sharing and real estate collaboration. Recent developments

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  • Abandoned FG properties across the nation valued at N230bn

    • May 22, 2020
    • Posted by: admin
    • Category: Real Estate
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    The Chairman of the committee, Ademorin Kuye, said on Tuesday 12th of May 2020 at the committee’s inauguration in Abuja. “The figure is a conservative estimation carried out by the Nigerian Society of Engineers (NSE) on the abandoned properties located in Lagos, Ibadan, Enugu, Port Harcourt, Kano, Kaduna and other cities,” he said. He recalled

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  • Lagos urges contractors to obey construction sites guidelines.

    • May 11, 2020
    • Posted by: admin
    • Category: International, Real Estate
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    Poised to curb the spread of coronavirus, the Lagos State Government has charged professionals in the built industry to ensure that the guidelines recently issued for construction activities are fully observed. The State Commissioner for Physical Planning and Urban Development, Dr. Idris Salako who reiterated that it was mandatory for every construction site to fully

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  • Finding Balance in Real Estate Investment

    • May 6, 2020
    • Posted by: admin
    • Category: Real Estate, Uncategorized
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    The nexus between the economy and the real estate industry can never be overemphasized. With a crash in crude oil prices, a falling exchange rate, increasing interest rate, and a continuous rise in inflation, real estate doesn’t seem like the right industry to expect an ROI in this period. Largely driven by the implementation of

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  • How coronavirus will affect Nigeria’s real estate

    • March 27, 2020
    • Posted by: admin
    • Category: Business plans, Competitive research, Economics, International, Investment, Real Estate
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    As the coronavirus continues to spread, there is fear and trepidation in the air among real estate community, especially as travel and other economic activity have slowed or stopped. Their apprehension also arose that several sectors have taken a heavy beating, except real estate. And with social distancing, house showings may slow down while pullback

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