Albeit 2021 looks encouraging for the real estate and lodging area in Nigeria, there are still a few difficulties confronting the area. From moderate monetary development, decrease in the business, retail, and private fragments, which contrarily affected the area's commitment to GDP and profits from speculation, to absence of clearness and straightforwardness in the administrative climate, combined with...
Fast development in Nigeria's economy has brought about similarly quick development popular for real estate. In any case, the new happenings on the planet; that is the pandemic, have influenced the Nigerian economy, thusly influencing the real estate market all the while. The Nigerian real estate market over the most recent couple of years has quickly extended and is recording dramatic development;...
In tough times, it can be hard to see a clear path forward – and the current environment can only be described as tough. Plummeting property prices. The potential for negative equity. Everchanging government policies. A difficult credit market. Tightening home loan criteria. Struggles with refinancing, while coping with interest-only loans turning to principal and interest. A slowing economy and an...
Are you aware that most real estate agents will never be successful? Year-after-year, statistics indicate that 93% of the deals are done by only 7% of the agents? Let’s re-word it to make sure it sinks in: 93% of the agents out there are literally fighting over the remaining 7% of the business. Really! It shouldn’t be that big of a surprise to hear that there’s such a high turnover of real...
At the annual Investment Meeting in Dubai, United Arab Emirates, on April 8, 2019, President Muhammadu Buhari met with investor groups and invited them to come to Nigeria and invest. Among them was the Lulu Group, which operates a chain of supermarkets and shopping malls in the Middle East and Asia. Regarding the real estate business, the meeting was attended by the Rotana hotel chain, which was...
Insecurity and terrorism have recently been a major challenge for the Nigerian government. The activities of the Islamic Group (Boko Haram) have resulted in the loss of life and property in the country, particularly in northern Nigeria. Some of these activities include bomb attacks, suicide bombings, sporadic shooting of innocent citizens, defenseless people, burning of police stations and churches,...