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...
Real Estate
Introduction The year is 2014. There is an air of excitement in seemingly every country worldwide due to the upcoming World Cup. The threat of a never-before-seen epidemic caused by Ebola was on the horizon - one which ultimately served as a precursor for the COVID-19 global pandemic (but let’s not delve into that shall we). By the end of the year, the Naira had also depreciated relative to the...
Introduction It is often cited that in order to wholly understand a subject, it is imperative to analyse its origins. Starting in 1837, the world was introduced to the novel concept of modular housing which entails the components of a building being constructed off-site before being transported to the building site for final assembly. It will however take decades before the idea gained worldwide...
Introduction In Nigeria, there is a devious issue jeopardizing how people get homes—tenancy fraud. It is more than just breaking rules; it messes with fair housing for individuals and entities who need it. This article dives into the tricky world of tenancy fraud, sharing real stories and numbers to show just how big a problem it is and why we all need to pay attention. Types of Tenancy...
Maintenance problems are not always clear and never easy. It explains why developed countries are always seeking out ways to improve the mechanism of maintenance across the board. However, for developing countries, it is still generally a struggle to sustain an acceptable level of maintenance despite huge expenditures on infrastructure. In today’s global economic climate, facilities managers have...
It’s often said that ‘Home’ is a place where nothing matters, it’s also often believed that the comfort of the home matters the most. Left to us, we’ll say the home is where you chose and it chose you too. Needing an escape from the present, past, and sometimes a run from the unpredictable future forces us to crave a place ‘out of this world’ but also...
The term "gated community" simply refers to any type of neighborhood that controls access using one or more gates that residents or visitors can pass through. Some of these communities have guard booths with a security staff to ensure that only residents and their guests pass the gate, while others use an automatic gate that residents must open with a key card or remote control. Gated...
Are you ready to buy your first home? Buying a home is one of the most significant financial decisions one will make in his or her lifetime so it is a decision that a lot of thought and consideration should be put into because making the wrong decision can see you tied to a property you do not take pleasure from for years and years. It is important to go through each decision...
The Lagos State Government is desirous of reviewing the Lekki Comprehensive Master Plan. The objective of the review is to measure the implementation performance of the key components of the planning strategy and the Master Plan in relation to the set objectives of providing the necessary infrastructures for the growth and development of the corridor and to make necessary adjustments to the proposal for...
Closing costs are fees that come with your home purchase that are paid at the closing of a real estate transaction. Closing is defined as the moment when the title of the property is transferred from the seller to the buyer. Closing costs can consist of a range of charges. Some of these costs can be to the property, we will be discussing some of these costs as it relates to the Nigerian real estate market...