Property News, Tips and Advice

Nigeria Property Centre, the best website to find properties in Nigeria, today released popular places to rent a 3-bedroom apartment within Lagos state, Nigeria based on the extensive data and information found and listed on their website.

READ MORE >>

There was so much excitement in the air several months ago when news filtered in that renowned global brands such as Wal-Mart, Woolworth et al were coming into Nigeria to do business.

READ MORE >>

  • 1 Comments

There is some cheery news for prospective home/house owners in Nigeria. Nigeria’s Federal Executive Council recently approved the request of the Minister of Finance, Dr. Ngozi Okonjo-Iweala, to secure a $300 million loan from the International Development Association Housing Projects in Nigeria. Housing demand exceeds its supply and this has a multiplier-effect on rents. It is estimated that Nigeria needs more than 700,000 housing units annually as against the current 100,000 units available.

READ MORE >>

In the preceding part of this essay, I shared about six tips you need to consider, know while before renting an apartment/office space in Nigeria, here is five more points for you.

READ MORE >>

Preamble

Searching for and renting an apartment in Nigeria is undoubtedly an arduous task. The Nigerian Public Space is awash with acerbic and nasty tales associated with renting. A lot of people have fallen and continue to fall prey to the caprices, schemes of some unscrupulous so-called "Estate Agents" and landlords hence the need to bring this to the front burner. A while ago, a family friend "lost" a substantial amount to a so-called "estate developer" that absconded with his money and that of five others.

READ MORE >>

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.

READ MORE >>

Here are some things to consider before you buy any piece of land in Nigeria.

READ MORE >>

CASE STUDY NO.1 (DODGY SURVEYORS)

Everyone knows that I have been a foremost promoter of doing a survey plan search with a surveyor before buying and if possible going to the land with an Alausa Surveyor to confirm whether it is free from acquisition or not. Well I also fell victim of dodgy surveyors I recommended to people that ended up colluding with the omoniles to decieve buyers and me. Such instances occured in Okun Ajah, Mopo Ibeju, Sangotedo, Ikorodu, lafiaji, Eputu, Akowonjo and Mowe.

READ MORE >>

7. Uninterrupted Power Supply - Yes Power Holding Company of Nigeria (PHCN) is been unbundled and privatized; there is hope that electricity supply will improve soon and this will resuscitate hitherto moribund businesses. Business ideas and careers entwined around uninterrupted power supply will witness a boom. Cheaper alternative energy sources will also give conventional energy providers a run for their money.

READ MORE >>

5. Private Security Industry - Because of the unprecedented terrorism, insecurity (kidnappings, armed robbery) challenges bedeviling Nigeria, the Security Industry (Provision of Private Guards, Sales of Security Gadgets) is a money-spinner. There is no sign that this insecurity miasma will abate anytime soon. The Private Security Industry will be a beneficiary of the increasing agitation, antagonism and bickering over the forth-coming 2015 elections. My prognostication: events may spiral out of control prior to and aftermath of the elections if it is overtly rigged or some sections of the country feel outmaneuvered.

READ MORE >>