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...
Real Estate
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...
According to definitions.net “Urban planning is a technical and political process concerned with the control of the use of land and design of the urban environment, including transportation networks, to guide and ensure the orderly development of settlements and communities. It concerns itself with research and analysis, strategic thinking, architecture, urban design, public consultation, policy...
World Environment Day 2022 is the biggest international day for the environment. The event is led by the United Nations Environment Programme (UNEP), and has been held annually since 1974, it has since grown to be the largest global platform for environmental outreach and is celebrated by millions of people across the world. The year 2022 is a historic milestone for the United Nations Environment...
According to Walgenbach.P, inflation is a general increase in the prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. Economists believe that high levels of inflation and hyperinflation—which have severely disruptive effects on the real...
Many factors can influence property's value, from supply and demand to location, planned infrastructure projects. Let us explore what drives property prices up, what pulls them down and how you can find out what your home is worth. “It is all about location'' is a very popular saying in the real estate world and for good reason. The location of your property is one of the most important factors...
‘Off-plan property’ refers to property which is available for purchase before it has even been constructed. This is where the phrase ‘buying off-plan’ comes from;in most cases it is referring to the purchase of apartments,terraces etc. Off-plan property is sometimes marketed to property speculators who purchase it with the aim of making capital gains by taking advantage of any discounts and...
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...
Traditionally, the term war has conjured images of hand-to-hand combat and brute military force. As technology evolves, however, the spectrum of “war” has grown wider. Now, we have to be as equally concerned, if not more so, about cyber attacks than we do physical attacks. On 24 February 2022, Russia launched a large-scale invasion of Ukraine, one of its neighbors to the southwest. Early reports...
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,...