Tag - real estate

1
Nigeria Real Estate Summit and Expo 2017
2
A Real Estate Agent Encounter with 419 Scammers
3
Things to Know About Home Finance and Real Estate Investing
4
Ryban Court – Luxury Terraces in Ibeju-Lekki
5
National Assembly Moves Against Land Use Act
6
Photos From The Sogenal Tower Launch
7
Seven Tips About Home Finance and Real Estate Investing
8
Green Light for N844bn 4th Mainland Bridge
9
Beyond Banners – Real Estate as a Career
10
How to Make the Most of a Tiny Office

Nigeria Real Estate Summit and Expo 2017

Does real estate interest you? Do you own multiple properties in Nigeria? Do you manufacture or sell building materials?

Then, Nigeria Real Estate Summit and Expo (NIRESE) is the place to be come this September. This first of its kind real estate event is a peculiar event that brings together principal people who share parallel enthusiasm for the Nigerian property industry. Read More

A Real Estate Agent Encounter with 419 Scammers

This is a new twist to real estate 419 scams used against unsuspecting real estate agent. In this case, the agent  is a high profile, highly professional estate firm.

In the early hours of Tuesday, May 9, 2017 at about 7:17am, this writer received a call from someone who said his name is Gbenro, and that he is very interested to buy our fully furnished 5 bedroom detached duplex at Chevy View Estate, Chevron, Lekki, Lagos going for N88million. He assured during the telephone conversation that if he can view the property, and he likes what he sees, he will like to pay immediately.

With this assurance, we quickly arranged for the immediate inspection of the property at about 10:00am the same day. The current owners/vendors of the property – Mr. & Mrs. Augustine (not their real name, to protect their identity) are still living there; Mr. Augustine has just been transferred to the Abuja branch of his company, hence the need for relocation and sale of the property. Read More

Things to Know 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. The following are basic things you need to put in mind before applying for a mortgage:

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

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

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

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

Beyond Banners – Real Estate as a Career

This article was written by Chinwe Ajene Sagna and it first appeared on JLL’s blog.

There is a general misconception on careers in real estate. I recently spoke to a group of young people who spoke derisively about the profession, describing it as “hustlers who don’t even know the landlords and are going from house to house looking to make small change.” There are a number of these informal estate agents who at best have tenuous relationships with property owners and for the most part act as go-betweens between tenants and principal agents.

These agents interact with many people and end up serving as the public face of the industry, but this is not a true representation of our profession. When you go just below the surface, you find that there is more to a real estate career than hanging banners advertising a property “To Let” or “For Sale”. Read More

How to Make the Most of a Tiny Office

The higher you rise in the company ranks, the larger and nicer your office will be. And if you’re just getting your foot in the door and establishing yourself in your chosen industry, you are probably sharing elbow room with a number of other coworkers, renting an office the size of a closet or sitting in a cramped cubicle all day. If you barely have space to put your coffee, you’re not alone. Here’s how to make the most of a tiny office.

Take Stock

To get started, you need to take stock of your office in its current form. Be thorough in evaluating what can stay and what needs to go. If you inherited a desk with the office, maybe that desk is more trouble than it’s worth (too big, namely). Is the chair hard and comfortable, or difficult to scoot back away from the desk? If you have trouble moving around the office in any way, it will seem more cramped. Get a smaller desk and a simple swivel chair for starters. Read More

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