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Economics

  • These Passive Income Streams Will Help You Achieve Financial Freedom in 2023

    • March 17, 2023
    • Posted by: admin
    • Category: Economics, Investment, Real Estate
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    Passive income is a great way to earn money without having to work for it actively. It’s a way to make your money work for you instead of working for your money. Passive income can provide financial freedom and the flexibility to do what you love, whether that’s traveling the world, spending more time with

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  • Top most affordable neighborhoods in Lagos State

    • January 6, 2023
    • Posted by: admin
    • Category: Economics, Investment, Real Estate
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    In a recent article, we dove deep into how much an individual needs to earn in order to live in 2 bedroom apartments across Lagos. This article continues the discussion by analysing different areas of Lagos to find the most affordable areas in the state. What is affordable? It is important to determine what an affordable

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  • Developers deploy new funding method in real estate projects

    • January 15, 2021
    • Posted by: admin
    • Category: Business plans, Economics, Finance & accounting, Funding trends, Innovation, Real Estate
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    With the high cost of loans and non-availability of long-term funds for real estate projects, developers have evolved new options to meet the needs of prospective homeowners. Currently, real estate developments, comprising residential, commercial, and industrial are becoming more capital-intensive due to the inflation affecting building materials, making it inevitable that developers would need external

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  • Why Airbnb Struggles In Nigeria

    • December 18, 2020
    • Posted by: admin
    • Category: Business plans, Competitive research, Economics, Funding trends, International, Real Estate
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    ICT is facilitating the process of socio-economic development in Nigeria. It has offered new ways of exchanging information and transacting businesses, efficiently and cheaply. It has also changed the dynamic natures of financial, entertainment, and communication industries and provided better means of using the human and institutional capabilities of the nation in both the public

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  • Lagos Govt urges best Practices in Real Estate Sector

    • October 9, 2020
    • Posted by: admin
    • Category: Business plans, Economics, Real Estate
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    Lagos Government has charged practitioners in the real estate sector to ensure that international best practices are observed to attract foreign direct or indirect investments. The state government also stressed the need to create a home ownership model that would help address the deficits observed in housing market. Governor Babajide Sanwo-Olu stated this during a

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  • Stamp Duty: Landlords Don’t Need to Increase Rent, Says FIRS

    • August 1, 2020
    • Posted by: admin
    • Category: Business plans, Economics, Finance & accounting, Funding trends, Investment, Real Estate
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    The Federal Inland Revenue Service (FIRS) has explained that there is no basis for landlords to embark on rent increment in relation to the stamp duty payable on tenancy and lease agreement by tenants in the country. FIRS had, about a week ago, mandated landlords and property agents to charge six per cent stamp duty on all tenancy and

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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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  • 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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