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In the real estate industry, Nigeria is experiencing rapid urbanization, with an estimated annual national population growth rate of just over 2% and an annual urban population growth rate of about 4%. The population is becoming more and more focused to the urban areas, towns and cities with just under 50% of the population living in

If concerted efforts are not urgently put in place to address Nigeria’s housing deficit, which has continued to increase astronomically, it may grow to 25 million by the end of this year. This was revealed by the chairman, organising committee of the Real Estate & Construction Expo tagged ‘RECON Expo 2021’, Dr. Somadina Anene, at

  Worried that real estate transactions and investment in Nigeria worth over N7 trillion are in dispute, operators have canvassed the use of mediation as alternative dispute resolution mechanism in the sector. Findings show that there are over 20,000 civil and commercial disputes relating to real estate in Lagos State on yearly basis while many

Technology has a vast influence on the way things are being done and humans have been constantly adapting to it. The ‘Internet of Things’ or IoT has been making waves and it does come with quite a lot of jargon. It connects machine to machine through networks. To put it in simple terms IoT is

Meets Lagos Assembly on funding, land allocation Fresh concerns loomed large in the housing industry last week as estate surveyors called on policymakers and government to refocus the economy, review policies and laws inimical to housing development. The body reiterated its demand for review, outright abrogation and replacement of the Land Use Act (LUA), saying

Governor Babajide Sanwo-Olu of Lagos State has said, his administration will boost the existing state housing scheme with 3,004 units of low-income housing by December. Meanwhile, expert and stakeholders have stressed the need for governments at all levels to provide affordable housing for the masses in view of the increasing population in Lagos State. Sanwo-Olu

Despite the devastating impact of COVID-19 on all sectors of the economy, experts believe it is not over for real estate, even as they reel out silver linings for investment. Dayo Ayeyemi reports To conservative individuals, this is not the best time for real estate investment due to COVID-19 crisis, which, within the space of

The LASG has warned residents against some swindlers who parade themselves as agents engaged by the State Government to sell housing units in the state-owned Housing Estates to unsuspecting people. Moruf Akinderu-Fatai, the State Commissioner of Housing, gave the warning during a monthly review of the activities of the ministry on Friday. “The general public should be

I hate to be the bearer of bad news, but there isn’t a simple answer to this common question. But knowing the pros and cons of investing in your own backyard will make it much easier to make the decision of which is better for you, personally. Investing in your own market is a choice

Real Estate Assets plays an important role in a person’s wealth, especially homeowners. Two dominating factors, Size, and Scale makes the Real Estate Marketplace attractive and profitable for investors. We will discuss value and investment opportunities of real estate as they shape this marketplace. We are also going to describe how they affect the market