What You Should Know About Off-Plan Property Development

‘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...

Real Estate In The Metaverse

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...

Effects of War on the Real Estate Market

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...

Mortgage And Housing Inclusion Through National Housing Fund (NHF)

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,...

Yaba Building Collapse

On Saturday, February 12, 2022  afternoon, Lagos State was hit with yet another tragic building collapse. In this case the tragedy occured in Yaba, a three-storey building under construction which collapsed at Akanbi Street, adjacent to the UNILAG main gate, Akoka, Yaba, Lagos. Reports coming in in the days since say that at least 5 unidentified bodies were recovered from the rubble.Two bodies were...

Six Reasons to Invest in Real Estate

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...

Housing For Internally Displaced Persons And How it Affects The Society

According to the International Justice Resource centre, an internally displaced person is someone who is forced to leave their home but who remains within their country's borders.They are often referred to as refugees, although they do not fall within the legal definitions of a refugee whilst according to the United Nations, IDPs stay within their own country and remain under the protection of its...

Sustainability And Conserving The Environment

Sustainability and conserving the environment can no longer be considered a niche. In fact, consumers demand and expect it from most aspects of their lives. Even professional sports teams, in the Premier League and other top European leagues, now have formal sustainability initiatives in place. According to a recent survey by Nielsen, 81% of consumers around the globe believe it is extremely or very...

Lagos and the Collapsing Structures

Before we dive into this, first we’ll like to extend our deepest condolences and sympathies to the families and loved ones of those who lost their lives in the tragic building collapse of a 21 storey building on Gerald road, Ikoyi that occurred on Monday 1st of November. The building was the third wing of a three-tower estate by estate developer, Femi Osibona. It would have been the first of its...

The Decision to Buy or Rent

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...

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