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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

What is the size of a plot of land? What is that in square metres? How does a plot compare with an acre or a hectare? These are questions often asked by Nigerian real estate buyers and sellers: to which you get a variety of different answers depending on who you ask. Various terms are

One of the many dilemmas of house hunting is going on inspection trips with an agent, it’s undoubtedly a day job for many, could be extended as you might not get to see a property you are interested in. It has become habitual for agents to take clients around their properties hoping to change their

A Group of Civil Rights Associations has called for the immediate repeal of the Land Use Act in the country’s constitution saying the Act was impeding the development of real property in the country. The collision of three civil society organisations (CSOs) advocated an amendment of the Nigeria Constitution to exclude the Land Use Act

In Nigeria, we have the dry season characterized by harmattan and the rainy season characterized by heavy rainfall. The rainy season in Nigeria usually runs from April through October every year. It is quite advisable to prepare your home for the rainy season so as not to suffer flood, insects like mosquitoes or destruction of