Posts by Guest Contributor

Agent Spotlight: Mr Segun Ogunbiyi
Real Estate Investment in Ibeju-Lekki
Hutbay’s Maiden Real Estate Seminar
Tips When Moving Your Treasured Valuables
Improvements For Festac Residents
A Guide to Certificate of Occupancy in Nigeria
Retail Real Estate Boom in 2014

Agent Spotlight: Mr Segun Ogunbiyi

Every prospective client wants to have a peek at the integrity and professionalism of the agent who is in charge of the property they are about to buy or rent. Below is an interview with Mr Ogunbiyi Olusegun, one of Hutbay’s agents.

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  Name: Ogunbiyi Olusegun

  Company: Charis Global Resources

  Years in the Business: A little over six years.

 Q: What factors have contributed to the growth of your business?

A: I would say that the most important factors that have helped grow my business are tenacity, consistency and customer satisfaction. When your aim is to leave a happy and satisfied customer, you would always aim for the best. Read More

Real Estate Investment in Ibeju-Lekki

The future of Lagos real estate is here and it lies in the Ibeju Lekki development. Ibeju Lekki, is the newest Development and is fifty kilometres from the city’s centre. It borders Lekki Lagoon in the north and faces the Atlantic in the South. This area is fast developing and is offering unlimited opportunities to Estate developers, Water Transporters, Industrialists, Tourists and lots more.

Another great thing about this Ibeju Lekki zone is that it has easy access to places like Epe, Ajah and Victoria Island.
It also promises ninety-nine years of lease alongside fifty years of concessionary right of the Zone’s operation, tax free services and one stop approvals for all permit and operating licences.

There’s some more great news; the development will house the Lekki Free Trade Zone, a project that was approved by the Chinese Government in 2007 as one of the overseas economic and trade cooperation zones. Read More

Hutbay’s Maiden Real Estate Seminar

Since the advent of technology in this century, things have stopped being business as usual and this show in all aspects of life. The real estate sector isn’t left out in this wind of change.

The maiden edition of the Hutbay Seminar is an opportunity to learn how to increase sales in the real estate sector with the use of IT.
For real estate agents and developers, this is not a seminar you would want to miss. The importance of this seminar cannot be over emphasized as there is no end to learning.

This seminar would feature amazing speakers like: Read More

Tips When Moving Your Treasured Valuables

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

Improvements For Festac Residents

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

A Guide to Certificate of Occupancy in Nigeria

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

Retail Real Estate Boom in 2014

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

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