Stay in the loop for real estate tips

Buying, selling, or renting? Take your pick!
We’ve got the best tips, straight from the real estate pros.
Know the industry, stay ahead in real estate.

1
Five Thing to Look Out for in a Rent Agreement
2
Ryban Court – Luxury Terraces in Ibeju-Lekki
3
Law Against Land Touts Most Welcome
4
National Assembly Moves Against Land Use Act
5
Photos From The Sogenal Tower Launch
6
Seven Tips About Home Finance and Real Estate Investing
7
Home Professionals You Should Never Hesitate to Call
8
NIESV Advocates Establishment Of Real Estate Transaction Agency
9
Green Light for N844bn 4th Mainland Bridge
10
FG Earmarks N40bn For Affordable Homes as Housing Crisis Looms

Five Thing to Look Out for in a Rent Agreement

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Finding an affordable property to rent/lease can be a real nightmare. Sometimes the stress of checking one property after another, perhaps for months, begins to culminate in a desperation—an eagerness to grab the first one that meets our criteria.

When eventually, we find a suitable one, we are often in such a hurry to move in that we do not take time to read and fully understand the terms and conditions contained therein or even insist long enough to have clauses that will favour us inserted into the agreement for fear of losing to other ‘faster’ bidders.

This negligence of the part of tenants can often end up leaving enough room for minor mistakes that can sometimes become so costly we’d wish we never leased/ rented a piece of real estate in the first place. Read More

Ryban Court – Luxury Terraces in Ibeju-Lekki

Investment in property along the Lekki-Ajah corridor continues to yield a great return for investors year-on-year. Lekki is the hotbed of real estate development in Nigeria at the moment and it is going to be so for the foreseeable future. Indeed, it is said to be the future of Lagos, hence it’s been dubbed the “New Lagos”.

Investing in property now in the Lekki-Ajah axis is one of the smartest moves any investor can make. However, finding a good developer who will not compromise quality but will deliver great results on time is key when it comes to buying property along that axis. Read More

Law Against Land Touts Most Welcome

Recently, the Lagos State House of Assembly passed a Bill which criminalises the activities of land touts and grabbers popularly known as “Omo Onile’s” or “Ajagungbale’s”, an action which has understandably been hailed in many quarters. The reason for this is not far-fetched. These hoodlums have been making life hell for landowners and property developers in Lagos State.

Over the years, these notorious touts have earned their notoriety through such criminal actions such as forceful entry and illegal occupation of landed properties, violent and fraudulent extortion of property developers, selling a piece of land to two or more, different, individuals leading to clashes and litigations among the buyers, amidst  other acts of land touting.

Read More

National Assembly Moves Against Land Use Act

A constitutional amendment is in the works at the National Assembly to repeal the 1978 Land Use Act in order to remove contentious areas. It is taking this step to make land easily accessible to Nigerians, according to Senate President Bukola Saraki.

Disclosing this on the 19th of July 2016, while opening the Abuja Housing Show, he said the Senate was awaiting a committee report on the Land Use Act, which may be ready before the end of September 2016. Read More

Photos From The Sogenal Tower Launch

Sogenal Group and Eris Property Group on July 14th launched the Sogenal Tower Development in Lagos at the first of many events to be held in key cities across Africa and Europe.

The development, which will be located on the corner of Cameron and Kingsway (Alfred Rewane) Road, will offer 11,560sqm of Grade A leasable space spread out over 14 floors. Read More

Seven Tips About Home Finance and Real Estate Investing

Home loans are the top home financing options for enabling people to fulfill the dream of owning a home. While financial institutions are willing to lend, you need to be aware of how this type of home finance works to avoid disappointment. Familiarizing yourself with a financial product is essential before committing to a transaction or signing a legally binding document.

1. Loan Eligibility

It is important to find out what the specific lending criteria is. Factors that affect your eligibility generally depend on the terms and conditions of particular lenders. Some lenders are more stringent than others and factors range from existing liabilities to your financial capability. Read More

Home Professionals You Should Never Hesitate to Call

There are plenty of home repairs that you can take care of yourself with some simple tools and a little know-how. In fact, it can be fun and empowering to know how to fix minor problems as they arise.

But there are some repairs that are best left to a professional, due to the need for costly, specialized equipment, extensive knowledge or a large work crew. If you try to tackle some of these repairs yourself, you’ll probably end up making things worse or simply putting a band aid on the problem, and it will be more expensive to have a pro come fix it later.

Here are some of the home professionals you should never hesitate to call. Read More

NIESV Advocates Establishment Of Real Estate Transaction Agency

The newly elected president of Nigeria Institute of Estate Surveyors and Valuers (NIESV), ESV Bolarinde Patunola-Ajayi has called on the federal government and State governors to establish Real Estate Transaction department to avoid illegal extortion by quack agents and surveyors.

Briefing newsmen in Abuja shortly after the maiden Council meeting since his assumption of office, he noted that the agency already functional in Lagos State would checkmate the excesses of non-registered agents as provided by the law. Read More

Green Light for N844bn 4th Mainland Bridge

Following a promise made by the Lagos State Government last month, the Memorandum of Understanding (MoU) to kick-start the construction of the 38km 4th Mainland Bridge was signed on May 25th, 2016.

The 4th Mainland bridge will be completed through a Public Private Partnership (PPP) initiative and is expected to cost N844billion. It will be financed by Africa Finance Corporation, Access Bank as well as other private investors who have already signified interest, while Visible Assets Limited will act as the coordinating firm. The new bridge will accommodate three toll plazas, which are still being tested for financial viability. Completion is expected in three years (±2019/2020, depending on when construction starts). Read More

FG Earmarks N40bn For Affordable Homes as Housing Crisis Looms

The Federal Government has earmarked N40 billion in the 2016 budget to implement a comprehensive housing development plan for Nigeria to avert a housing crisis in the country. President Muhammadu Buhari disclosed this last week, in Abuja, at the 35th Annual General Meeting and international symposium of Shelter Afrique, a pan-African real estate finance institution.

Buhari, who was represented by the Minister of the Federal Capital Territory, Muhammed Bello, said for Nigeria to adequately avert a housing crisis in the next four years, it must consciously build one million housing units annually to reduce the current national housing deficit estimated at about 17 million units. Read More

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