Everybody has to move/relocate at different points in their life. For some, this happens as much as twice in a year. We move into new homes, new offices etc and in all our moves there are things that we consider valuables “Our priced possessions” the things we hold in high esteem. It is important for us to keep track of these things when moving. To ensure that these items, whether of personal or sentimental value, make it to their destination unscathed. Read More
Just like other countries, Nigeria is not a classless society; there is a form of segregation based on how much is in a man’s bank account. Most times, you will know which class someone belongs to by virtue of his or her investment in real estate. What properties do they own? Where do they reside?
Lagos may be a place for all classes of people, but not all Lagos cities are equal in real estate’s eye. FESTAC town is one of such places that are meant majorly for certain types of people. Improvements are on-going at the Festival town also known as FESTAC. FESTAC is known to harbour mostly middle/working class citizens. These set of people were the beneficiaries of the estate after it had served its purpose during the Festival of Arts and Culture hosted by Nigeria in 1977. Read More
The Nigerian Constitution and the Land Use Act vest power in the government of a state to grant a statutory right of occupancy to any person who wishes to purchase any land. The grant of a right of occupancy is evidenced in the certificate of occupancy issued.
A certificate of occupancy, therefore, is a document that acknowledges the right to possession of a certain property. It shows that the governor of the state has given his consent and is aware that the property is in your possession. The document shows that a certain property has been allocated to you for a certain period of time. It confers exclusive right of possession on the purchaser.
The mistake most landlords and property owners make is that they are unaware of the importance of the C of O until the question of title comes in. Read More
For the average real estate consumers and investors, 2014 heralded a better time in Nigeria’s real estate industry.
Last year, Nigeria became Africa’s largest economy with a GDP of $522.64 billion in the country’s 2014 Q3 release; this decidedly put the country on the top list of investors both local and international. But to avid real estate investors, that isn’t the really amazing news; the year 2014 witnessed an expansion of Nigeria’s retail market on a large scale.
This is evident in the revolution of the real estate market especially with the influx of shopping malls and complexes. The advent of these malls have redefined Nigeria’s shopping culture and nuances of the consumers in both upper class and emerging middle class. Read More