Posts with tag "real estate"

Without boring you with dictionary definitions, estate agency is a fiduciary relationship whereby a person (referred to as ‘an estate agent’) act as an intermediary between a principal (property owner/landlord) and another party (property buyer/tenant).

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For a lot people within and outside Nigeria, it is a country that is relies on oil through and through. We would be nothing without oil, right? Well, you will be pleased to know this is not true, especially today. Did you know, for instance, that the Gross Domestic Product (GDP) grew by about 6.9% in the third quarter of 2013 largely because of the increased contribution of the non-oil sector? What is more, real estate services hold a significant position in this particular sector.

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There are several factors and considerations that determine where people buy properties from. Just like every human endeavor, location is a key factor that determines the price of a product and the possibility or otherwise of making profit. Conventional wisdom demands that One invests or buys a property from an area that Is already developed or near the city centre. A plot of land or a property in such areas are usually very expensive. I was somewhere in Ikeja sometime ago and I was told the asking price for a plot of land there was in the neighborhood of two hundred and forty Million naira i.e almost a million pounds! I think this experience made me to ask in one of my essays whether the prevailing price of real estate in Nigeria is sustainable.

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Recall the good old days of Real Estate boom in £the United States of America? Now fast forward to the current situation of depreciating prices in the US, Dubai and other places. Some analysts contend that the current recession, depression bedeviling the United States and the rest of the world is inter alia, a spin-off of the boom and bust phenomenon in real estate in the United States.

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A property magazine, Royalty International, created to serve the Real Estate, Building and Construction sector in Nigeria plans to introduce a special section known as ‘Millennium Housing’ segment.

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LAGOS-based 3Invest Limited has opened nominations for the forthcoming real estate awards billed for September in Lagos.

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All abandoned properties within the landmass of Lagos State may be taken over by the state government, a step to forestall security threats milling round the metropolis, officials in the Ministry of Physical Planning and Urban Development have hinted.

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Here's a quick side by side comparison of the features Nigeria Property Centre offers property seekers in Nigeria against those offered by Google Trader Housing.

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Here's a quick side by side comparison of the features Nigeria Property Centre offers property seekers in Nigeria against those offered by Nairaland Properties.

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Following our launch in April this year, we have officially hit the 1,000 mark of listed property. This makes Nigeria Property Centre one of the largest property websites in Nigeria with over 750 listed properties for sale and 238 to let.

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