Property News, Tips And Advice - Nigeria Property Centre - Page 18

Property News, Tips and Advice

This is a directory of real estate and property news, trends and policies from Nigeria.

Keep an eye here for updates.

February 2012

  1. Jasmine Court Apartments in Carlton Gate Estate Concluded by Megamound
  2. FG to Seize Sites of Collapsed Building in Nigeria
  3. Cement Importation Ban: Dangote Cement May Emerge Market Leader in Nigeria
  4. FCT Minister Flags off ₦137b Abuja District Infrastructure Project
  5. Lagos State Govt. to Acquire Abandoned Properties

January 2012

  1. FHA Demands Property Documents of 119 Properties in Abuja for Verification
  2. Intercontinental Hotel Coming Soon to the Lagos Skyline
  3. Lagos State Govt. Plans Rent-to-Own Option for Property Ownership
  4. Fuel subsidy: Abuja Residents Groan as Rent Prices Skyrocket
  5. Lagos State Government to Enforce Withholding Tax Deduction by Tenants
  6. BVI Limited Plans Investments in Housing, Targets 1 Million Homes
  7. Ogun State Govt. Assures Residents of Affordable Housing
  8. NCRIB Unveils Lagos ₦160m Headquarters Complex
  9. Housing Pros Predict Rise in Property Prices, Gloomy 2012
  10. Fuel Subsidy Removal: Professionals Foresee Crisis in Construction Industry

December 2011

  1. FirstBank offers mortgage for Shops at Tejuosho Shopping Complex in Yaba
  2. Lagos to Partner Artisans on Safer Building

November 2011

  1. CBN Releases New Guidelines for Mortgage Finance in Nigeria
  2. Mortgage Firms Launch New Home Ownership Drive at HOFEX to Woo Borrowers
  3. Haven Homes Plans Lekki Property Exhibition
  4. SquareFoot Hybrid Limited Plans Online Property Publication
  5. Strategic Shelter Development Company Showcases Agbara’s Queens Land Estate
  6. Redbrick Homes to Construct 700 Homes at Amen Estate in Lekki, Lagos
  7. Messrs Afribank Estate Woos Investors to Abuja Fair Trade Complex
  8. Beresford Homes Reveals Plans to Launch Beresford Mews in Abuja
  9. Cross River State Approves ₦8b International Convention Centre

October 2011

  1. Nigeria Property Centre Reaches 1,000 Property Listings
  2. Yobe State Approves ₦1.6b Housing Scheme
  3. Afribank Estate Company Limited Completes PH’s Treasure Land Estate Facilities
  4. Owolabi Adejonwo Properties Offers Discount on Gioni Housing Estate
  5. Dantata and Sawoe Secure Jigawa’s ₦3.8b Urban Renewal Project
  6. UPDC Flags Off Abuja Metro City
  7. Lagos State Approves More Low Cost Housing Schemes
  8. Federal Mortgage Bank of Nigeria Funds El-Salem Estate, Abuja with ₦1.83bn
  9. Court Shifts Ruling on All Seasons’ Plaza, Ikeja ₦2.6b Mortgage Deal
  10. Nigerian Institute of Architects (NIA) Plans Construction Expo Centre
  11. Messrs SC&B Carlton Unveils ₦850m Estate in Surulere, Lagos

September 2011

  1. Mutual Assurance & Portland Paints and Product Seal Deal on Property Insurance Scheme
  2. UK Investors Pledge Support for Eko Atlantic City Project
  3. UPDC Flags-off Ikeja Grandville Estate
  4. Demolition of Structures Built on Waterways in Ibadan Metropolis to Commence
  5. ALERT: Revocation of Lekki Scheme 1 Plots - 348 Owners Under Threat!
  6. Estate Surveyors Kick Against The New Lagos Tenancy Law

August 2011

  1. Controversy Trails Lagos Tenancy Law as Lawyers Plan Legal Action
  2. The New Lagos Tenancy Law in Detail
  3. Fashola Signs Lagos Tenancy Bill into Law
  4. Minister Approves Land for INEC Housing
  5. Lagos Wades Into Ejigbo Land Owership Tussle, as Occupants Protest
  6. ₦7.2b New Standard Chartered Bank Head Office Building Takes-off in Lagos
  7. Excessive Control on Rents is a Disincentive to Investment in Housing, Says Akomodede
  8. Capita Symonds Begins Construction of Modular Designed Buildings in Nigeria
  9. Mutual Benefits Flags-off Lagos ₦3billion Estate Development

July 2011

  1. Lagos Transit Village Residents Urge Due Process as Eviction Looms
  2. Lagos Revives Egan-Igando Scheme as Jeje Unfolds Agenda
  3. Churchgate Launches ₦156b Abuja World Trade Centre
  4. Tadop Properties Unveils Ikoyi Luxury Gardens
  5. Nigeria Property Centre Goes Mobile!
  6. Govt Picks 27 Firms for New National Housing Scheme
  7. Rents & Property Values to Crash Due to Flooding, Say Estate Surveyors
  8. FIABCI Nigeria Holds Seminar on Property Tax
  9. Estate Surveyors Get Committee on Lagos Tenancy Law
  10. Oyo to Partner FMBN, FCMB in Housing Projects
  11. Cross River Government to Provide 7,500 Housing Units
  12. Developer Offers Pre-payment Option at City Park Estate in Mowe, Ogun State
  13. IHL Properties Develops New Estate at Iyana Oba, Lagos
  14. Lagos Seals Dilapidated Structures as Building Agency Takes Off

June 2011

  1. Shelter Afrique Tasks Governments on Affordable Housing Finance
  2. Kudos, Knocks Trail Proposed New Lagos Tenancy Law
  3. Construction, Mortgage Sectors Raise Stake in Property Investment
  4. Federal Mortgage Bank of Nigeria (FMBN) Plans Estate Development Guarantee Scheme
  5. Flexible Payment Plan Boosts Home-ownership Scheme at Coral Court
  6. Protea Hotels Commences Construction of New Three Storey Hotel in Alausa, Lagos
  7. How The Building Insurance Law Will Be Implemented, by NAICOM Chief
  8. Dangote Cuts Cement Price to ₦1,600
  9. Propertymart, PW Group Seal Deal on Grenadines Homes Project
  10. Oyo Unveils ₦171m Lagos Liaison Complex

May 2011

  1. Lagos, Developers to Sign MOU on Ikorodu, Ikeja Plazas
  2. Lagos Earns ₦13.2 Billion from Land Transactions, Plans New Schemes
  3. Developer Offers Creative Solutions for Real Estate Investment
  4. Lagos Golden Park Estate Phase 2 Launched
  5. FMBN, Experts Canvass Robust Mortgage Finance, Land Use Act Review
  6. UNDP, GEF to Promote Energy Efficiency in Residential, Public Buildings
  7. Participants Call for Land Use Act Review as Lagos Housing Fair Ends
  8. FHA's Four-Year Action Plan Targets 106,000 Housing Units
  9. Lekki International Airport to Cost ₦102 Billion
  10. Land Grabbers in Ibeju Lekki!!
  11. Stakeholders Urge Govt, Policymakers to Boost Housing Stocks
  12. Experts Mull Over Lagos-Ogun Megacity Project
  13. NITEL Board Approves Sale of NECOM House – Liquidator
  14. Landlords Slash Rent Prices in 1004 Estate Lagos
  15. Victoria Tower Coming to the Ikeja Skyline
  16. Property Prices Set to Increase as New Insurance Law Comes Into Force
  17. Lagos Reveals New Home Ownership Scheme

April 2011

  1. Victoria Tower Coming to the Ikeja Skyline
  2. Property Prices Set to Increase as New Insurance Law Comes Into Force
  3. Lagos Reveals New Home Ownership Scheme
  4. Property Value in Surulere Expected to Increase


Real Estate ON AIR is a 30 minutes weekly radio show launched in March 2011 in Lagos as an ongoing process through which individuals, professionals, groups, organizations and societies enhance their ability to identify and meet real estate challenges. It is a programme that plans to open doors for buyers, sellers, investors, developers, estate agents, architects, surveyors, mortgage institutions, insurance firms and players in the real estate industry with critical and credible information on the Nigerian real estate market. It is fast paced and fact packed with undiluted real estate news, experts, interviews, call-ins, field reports, and timely market conditions. On air every working Monday at 12 noon on Classic 97.3 FM.

This radio show is focused on empowering the average consumer to make sound investments decision in real estate through education, information and participation. Real Estate ON AIR is to be a voice to the key players in the real estate industry addressing major challenges inhibiting the emerging sector in order to attain a revolution and also to serve as a marketing portal between the providers and consumers of real estate products and services. It is a value-adding programme for professionals, developers, consumers, Investors, agents, insurance companies, home designers, mortgage institutions and banks at large. The show will serve as a feedback portal through its interactive text and call -ins sections.


Real estate investors seeking advice and creative solution for their investment need not look farther as their destination is here at Propertymart Real Estate Investment Limited. Propertymart is a Lagos-based firm involved in real estate investment, design , construction and marketing with a deep understanding of the unique demands of owning property. The company is also committed to delivering results. In addition to its mission provide creative and effective solutions in real estate investment, the company also has the vision to be the foremost real estate investment company whose tentacles are spread all over the world to offer high value services to all its clientele and partners.

According to Arosanyin Olaolu, the company’s Branch Manager, central to their services is the advice they give to their customers on the technicalities involved in real estate, especially on acquisition. He adds that the company also helps to facilitate the processing of Certificate of Occupancy for their clients within the confines of their influence just as they advise people on good investment within the industry generally. With a philosophy that binds its staff together as a winning team, Olaolu said Propertymart was efficiently run by highly trained and experienced professionals drawn from various fields such as Architecture, Quantity Surveying, Engineering, Building Estate Management, Accounting, Administration, Human & Capital Resources, Marketing and Law.


As part of its commitment towards boosting housing stocks in the country, a real estate firm, Adkan Engineering Services has completed 37 units of fully-furnished duplexes in its Monarch Garden Estate situated at Life camp area, Abuja.

Adkan, which also developed Sun City and Model City says the houses are now on the stable for would be investors/buyers, who desire to enjoy the fulfillment the estate provides.


A Lagos based firm, Domart Investments Limited, has launched the phase 2 of its estate project popularly known as Golden Park Estate.

The estate is located on the sprawling arena of Sangotedo, along Lekki-Epe expressway, Lagos.


SMARTING from its economic reform and monetary policies that have engendered confidence in the financial system, the Central Bank of Nigeria (CBN) has begun moves to consolidate its hold in the real estate sector by proposing the construction of an International Conference Centre and a five star hotel in Abuja.

Tender calls for provision of architecture consultancy services for the multi purpose centre is already on and would last for another one week. The project involves the conversion of the old NITEL building to an international conference centre with multi-purpose halls - conference halls, auditoria, communication centres and syndicate rooms), business centres, hotel (five star), shopping complex, restaurant, banks and a sport centre.


The quick video below by Robert Kiyosaki & Dolf de Roos highlight the six steps on how to be a successful real estate investor. The steps are as follow:

  1. Decide to be an investor
  2. Find an area
  3. Identify properties
  4. Analyze, offer, negotiate
  5. Put together the deal
  6. Property management

Robert Kiyosaki also highlighted the four advantages of investing in real estate which are monthly income, tax advantages, depreciation and capital gains.


Simple answer. No, we are not estate agents. We simply provide a plaform to bridge the gap between estate agents and property seekers online. is the Nigeria’s number one property website. We are not estate agents but we aim to be the place for Nigerian property seekers to find details of all properties in Nigeria available to buy or rent.


The Department of Land Administration (DLA) of the Federal Capital Territory, Abuja has informed the general public that it has discovered 140 forged title documents. Of these documents, 36 plots in the highbrow Asokoro District were affected, 12 in Maitama, while Gudu, Durumi, Utako, Katampe, Kado and some other districts were also affected. The DLA advised member of the public to verify land titles with it and not to patronise touts.



Indications have emerged that except there is a review of the nation’s mortgage system and amendment of the current Land Use Act, which often impact negatively on plans to shore up housing provision, the dream to deliver mass housing as being advocated may be a farce.

To this end, the apex mortgage firm, Federal Mortgage Bank of Nigeria, (FMBN) has commenced the process towards positioning the mortgage sector of the economy the breath to deliver on its mandate, while experts within the construction industry alongside FMBN are calling for urgent review of the Land Use Act.