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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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  • Warning: LASG Warns Eti-Osa LG Developers Against Violating The Master Plan

    • October 2, 2020
    • Posted by: admin
    • Category: Investment, Real Estate
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    The Lagos State Government has warned property owners and developers in Lekki, Ajah and Eti-Osa not to violate the master plan for the area. The Commissioner for Physical Planning and Urban Development, Dr Idris Salako, gave the warning at a stakeholders’ meeting with property owners and developers in the Lekki axis on seamless processing of

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  • Estate Surveyors canvass financial sector partnership for economic growth

    • September 25, 2020
    • Posted by: admin
    • Category: Real Estate
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    The Nigerian Institution of Estate Surveyors and Valuers (NIESV), has urged players in the financial sector to partner with the private sector, especially professional bodies like the institution to drive the economy on the path of sustainable development. The institution also disclosed that it has commenced the process of formalising a partnership with the Nigeria

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  • FG assures Nigerians of affordable housing

    • September 20, 2020
    • Posted by: admin
    • Category: Real Estate
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    The Federal Government has assured Nigerians aiming to get their own housing accommodation to keep hope alive because its determination to provide affordable housing was realizable. The Managing Director and Chief Executive of the Federal Housing Authority (FHA), Senator Gbenga Ashafa, who gave the assurance during the official handing over of house keys to the National Housing Fund (NHF)

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  • Real Estate Bargain Shopping: How to find good deals

    • September 11, 2020
    • Posted by: admin
    • Category: Funding trends, Innovation, International, Investment, Real Estate
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    Real estate investors, along with the rest of society, are what you may consider conscious consumers. Every time a truly good deal presents itself, investors would be hard pressed to pass it up. After all, a real estate bargain presents the perfect opportunity to maximize profits. The cheaper you can acquire a property, the more attractive the

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  • Real Estate Professionals Urge FG to Rescind Action on New Stamp Duty Charge

    • September 6, 2020
    • Posted by: admin
    • Category: Investment, Real Estate
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    As the debate on the new stamp duty charge on house rent and C-of-O by the federal inland revenue service (FIRS) rages, estate surveyors and valuers have lent their voice to the debate, urging the federal government to rescind action on the new tax. The real estate professionals under the aegis of Nigerian Institution of

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  • Lagos Plans new Housing Scheme for Young Professionals

    • August 22, 2020
    • Posted by: admin
    • Category: Funding trends, Innovation, Investment, Real Estate
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    Better days may be in the offing for young professionals in Lagos as the state government is planning a new homeownership scheme to solve their peculiar housing challenges. The scheme christened “HOME4MORE”, targets young professionals with the aim of giving them a good start in life. It was learnt that the scheme would be channelled

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  • Winning The Real Estate Off-Plan Game

    • August 9, 2020
    • Posted by: admin
    • Category: Investment, Real Estate
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    “Why do developers need our money to build?” someone once asked. While this question is from a Nigerian, it could originate from anyone curious to know about how some delicate, yet profitable, aspects of real estate investment work. Not everyone entering the real estate investment ecosystem fully understands what is obtainable – the intricacies, changes,

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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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  • Building Collapse in Nigeria: 7 Early Warning Signs

    • July 25, 2020
    • Posted by: admin
    • Category: Business plans, Real Estate
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    There are quite a number of reasons why a building collapse could happen. It could be as a result of an act of terrorism, a structural failure or natural disasters like an earthquake, hurricane, flooding, landslide, tornado or a mudslide. Nigeria has suffered its share of building collapse in the past with several cases of

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