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,...
The increasing number and popularity of celebrity houses in Banana Island is a direct testament to the success of real estate in Nigeria. Banana Island is one of the richest and fantastic places to live in Africa, and according to Forbes magazine, Banana Island is the most expensive place to live in Nigeria. Banana Island can be likened to other famous Islands, as it is classy and has a great...
Before purchasing a property, there's a need to ensure choosing the best realtor to cater for one's interests, this is why it is important to familiarise oneself with the top ten real estate agencies in Nigeria. Whether you are an individual, group of people or corporate ventures, you will always need the service of Real Estate Agency to help you get that land you need to structure your work station....
Investing in real estate is one of the best methods you can employ to secure a future for yourself, as well as guarantee your financial freedom. However, when acquiring a property you need to take into account certain factors so that your investment yields and is fruitful. As would be subsequently discussed, the following are startup tips for real estate business in Nigeria. Some of the key elements...
Being the most populous city in Africa, Lagos is naturally the home to many business and residential areas. Since there are lots of people in Lagos, and there must always be a way of transporting them to different places, and this partly accounts for the reason why there are some major bridges in Lagos state. Tracing back to the 1970s and 1980s, there was saw an exponential rise in the...
Have you been wondering what the 5 best residential estates in Abuja are? Perhaps you are thinking about relocation, and you need a piece of credible information about the best of the best estates to move to? We’ve got you covered with our up-to-date list of the best estates in the metropolis! If you are a first-time visitor to the city, the appealing landscape, nice-to-feel weather,...
One of the first things that anyone interested in buying a property in Nigeria must first know is the right Documents required for property transfer in Nigeria. Having the right knowledge will prove to be a lifesaver as it deems compulsory to have an understanding of what’s required to complete a property transfer process. The Nigerian real estate market happens to be a huge player in the...