As Nigeria grapples with fluctuating inflation rates, understanding how this economic phenomenon affects real estate investments becomes crucial for investors and stakeholders alike. Inflation in Nigeria, like in many other economies, is a complex issue influenced by various factors. Understanding t...
Gestures of kindness and commitment in relationships may include purchasing valuable assets like real estate. When these relationships end, questions about the ownership of such assets arise, particularly concerning land ownership under Nigerian law. Understanding Nigerian Land Ownership Laws ...
The Lagos State Government has recently launched a groundbreaking project that is generating significant excitement within the entertainment industry and beyond. The grandiose Kebulania Film City project, with a budget of $100 million, is set to revolutionize Nigeria's film and entertainment landsca...
Owning property in Nigeria is a lucrative source of revenue, but it comes with its challenges. One of the most daunting is dealing with bad tenants, whose behaviors can range from consistently late rent payments to causing significant property damage. These situations can be incredibly frustrating, ...
Buying a House With a Mortgage Plan When you acquire a house with a mortgage, it simply means you legally take up an agreement that allows you to borrow money from a bank or similar organization in order to buy a house or the amount of money itself. Unlike home buyers who have cash on standby ...
When you buy a house with cash, you pay the seller cash to cover the cost of the house. The cash you pay covers the full payment of the house. For this payment option, you don’t need to raise funds through a bank or worry yourself with the headache of repaying a housing loan. Here is a scenario...
Problems with Shared Workspaces Cost Allocation: Allocating costs on a shared workplace can be a very difficult task. In a fully leased office, the company pays all the electricity bills, water bills, property taxes etc. However, in a shared workplace, these costs need to be apportioned. This is ...
There is a relatively new form of a business model emerging in the real estate space across the world. The model is addressed by several names viz. co-working spaces, on-demand workplaces, shared offices, etc. It is also very effective for companies who do not want to tie themselves down with long-t...
When Investing in real estate it can be a very interesting and at the same time profitable journey, but going it alone can be challenging and highly risky. Joint ventures, wholesaling, and property management are just a few ways investors can profit from real estate. It also takes a knowledgeable an...
A huge decision, purchasing property in Lagos, requires careful consideration after being made and carried out. As if that weren’t enough, Lagos is not a place where you can just decide to buy property anyplace without carefully considering a few other variables. This is because many out-of-dat...
As the phrase “the Giant of Africa” suggests, Nigeria is an extremely vast country in terms of both mass and population. It has a population of approximately 218 million and is situated in West Africa. The landmass and people are unequally distributed among its 36 states, which make up ...
What is the importance of land reclamation in Nigeria? With so many people living in Nigeria, the reclamation of land is a crucial step in owning or using property for any reason. The process of reclaiming damaged and abandoned land and restoring its usability is referred to as “land re...
Real estate Investment in Nigeria has become more essential than ever before. Whether you’re a local or international investor, the benefits of investing in real estate in Nigeria are clear, and the potential for long-term growth and profitability is significant. Nigeria is not only blessed with a...
The requirements to become a real estate agent, especially in Nigeria, is almost non-existent. Anyone with a couple of leads can sell. And can continue to, either on a full-time or part-time basis. In advanced countries, it is illegal to practice as a real estate agent without the necessary qua...
Considering the monumental step of purchasing a home? Understanding mortgage rates is paramount. As the cornerstone of your financial decision-making, your mortgage represents a significant commitment, necessitating a thorough grasp of its nuances. In this enlightening journey, we embark on...
Gone are the days when owning a home was a milestone achievable in one's twenties on an average income. Today, the age of first-time homeownership has been pushed back significantly, with many individuals not even embarking on this journey due to financial constraints. The quest to become a landlord...
The Nigerian real estate sector is a elaborate marketplace, brimming with different career opportunities for buyers and even sellers alike. At the heart of this industry are also two key career paths: real estate agents and brokers. While their titles are often used interchangeably, understanding th...
Harnessing the power of Google ads can be a game-changer, provided it's done right. Many real estate professionals invest substantial amounts in Google ads without reaping the anticipated profits. The question is, can you advertise on Google and achieve the expected results in Real Estate Marketing?...
In you quest to acquire a property, it becomes paramount to safeguard your investment through meticulous inspections. The term "inspection" here extends beyond just the physical examination of the land; it also entails serious research authentications to uncover potential encumbrance, possible flaws...
Understanding the elements that contribute to price appreciation is essential. Real estate, a tangible asset, has proven to be a beacon of long-term value. Price appreciation, the surge in an asset's fair market value, is not just a financial gain; it's a source of passive income. According...
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