An overview for property owners, investors, tenants and estate managers in the Nigerian market. Few topics generate as much friction in Lagos estates as money collected for shared services. The disputes are rarely about the amount alone. They are about trust: what the money is for, who decides, and whether anyone can see where it went. Understanding the two main charge heads is the first step to...
Real Estate
For decades, buying land in Lagos meant trusting paper: a file in a registry , a signature on a deed, an agent’s assurance. That era is closing. Lagos State has moved two critical functions onto digital rails: land records and title through the electronic geographic information system (e-GIS), and building and planning approvals through the Electronic Physical Planning Permit System (EPPPS). The two...
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...
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...
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...