A strategic model bridging landowners and developers in an evolving property market Introduction In the face of rising construction costs and currency volatility, property joint venture (JV) development has emerged as a game-changing alternative to traditional real estate transactions in Lagos, Nigeria. Rather than relying solely on capital-intensive land acquisitions, forward-thinking...
Business
Introduction One could easily understand the rationale behind viewing Nigeria, and Lagos in particular, as a location that simply oozes opportunities. The lavish and indulgent lifestyle experienced by the elite is indicative of what one stands to gain if those said opportunities are properly leveraged. Regarding the investment landscape, the volatile nature associated with sectors such as oil and gas...
Lagos, Nigeria is the commercial capital of Nigeria and home to around 20 million people, according to the Lagos State Government estimates. The World Population Review expects it to double by 2050 despite Lagos being only 1,171 km² big. Due to the increased population as well as land being a finite resource, demand is rising more rapidly than supply. As inflation has gone up in Nigeria, rent has...
The metaverse can be defined as a blending of physical and virtual worlds, it is somewhat of a catch-all term for online virtual worlds. You can invest in anything from digital art to digital property. Metaverse supporters argue that such a future is inevitable and that humans will one day spend the majority of their daily hours in a world that is augmented in some way. If this is to be the case as many...
When people are looking to purchase a building or building a house this more times than not requires having a huge amount of cash which may take time to save up and gather. This is where a mortgage comes in. According to investopedia “The term mortgage refers to a loan used to purchase or maintain a home, land, or other types of real estate. The borrower agrees to pay the lender over time,...
Investing in real estate is seen as a great way to earn higher-than-average returns at the same time as diversifying your portfolio. When done appropriately, real estate is arguably the highest-earning asset class a portfolio can have. There are multiple reasons one will choose to invest in real estate and we’re going to give you a rundown. The first and most popular reason people...
The decision on whether to buy or to rent property is one that many people make daily, it is a choice that should not be taken lightly. Before taking the step of buying a house, it is critical to consider whether homeownership is right for you or if you will be better off renting a place for a specific period of time. First and foremost to rent a house means, to obtain possession of and use of a...