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Showing posts from March, 2016

Why Agents Should Never Ignore Rentals

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Putting in the time now can pay dividends later. By Copley Broer Many agents overlook the rental market and focus entirely on homebuyers and sellers. Although the commission today might be smaller, adding a specialty inrentals can provide you with a quality source of homebuyer leads over the long term. A whopping 35 percent of the U.S. population rent their homes, and the demographics of this group mean they are very likely to become homebuyers in the near future. Here are a few groups to focus on when incorporating rentals into your real estate operation. Families putting down roots Many families move away from renting as

Lagos Maga City in Making

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Lagos State This picture of Lagos at night fascinated me... Imagine the beauty and development of Lagos with constant power supply.. I see a prosperous Lagos State.. I Thank Governor Abode for making Lagos a maga city in making. Lightup Lagos.

HOW TECHNOLOGY IS CHANGING REAL ESTATE

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It is officially the digital age. You can see it all around you – flip on your television for a few minutes and look at the commercials. Intel is constantly debuting something new and there’s always something new to see from Apple. The world is becoming more and more dependent upon technology, and thus industries have to adapt with the times. One huge asset of technology is the speed at which it gives us all data. No matter how silly or serious it is, information is readily available at the touch of a screen. You can get the latest viral YouTube video sent to you in the same amount of time it takes to look up cancer symptoms. This principal is present in the world of real estate. Brokers and investors can quickly

AFDB injects $8.2m into Shelter Afrique for Housing Finance

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The Pan-African finance institution – Shelter Afrique exclusively supporting the development of the housing and real estate sector in Africa has received an $8.2million injection of equity by the African Development Bank. This news comes in the wake of the financier revealing a $25 million deal with the Islamic Development Bank and announcing a new strategy to dramatically increase its capital base. In a statement released by the African Development Bank, the injection is meant to strengthen its balance sheet and help achieve its objective of providing quality affordable housing in Africa. The statement further highlighted the confidence the bank had in the future of the continent and the implications it had for housing; the statement reads:

Monarch, Experts Canvass Govt, Omo-onile Pact on Land Matters

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Ooni As Lagosians await the implementation of the State’s policy that proscribed Omo-Oniles, divergent views have continued to becloud the activities of the traditional land owning families. For His Imperial Majesty, Ooni of Ife, Oba Enitan Adeyeye Ogunwusi, the Ojaja II, those traditional land-owning families, whose titles have been established on their landed property, governments at all level should continuously engage them whenever they want to acquire their land. Similarly, real estate professionals, who noted that, although the Land Use Act confers the ownership of land on the governor, the governments cannot afford to push aside the traditional land owners in their quest to take over their landed property. Series of controversies had arisen between Omo Oniles and most often, the end-users, who after buying their landed property either from governments or private individuals, have been forcefully hindered to take physical possession. Sometimes, the imbroglio, lead to ma...

Retail Sector takes Big leap with $44m Owerri Mall

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Governor Rochas The Nigerian retail sector is taking a big leap forward, with the unveiling of Owerri Mall in the Imo State capital – courtesy of a South African-based property developer – Resilient Africa. The property, located at Egbu Road, housing 45 trading outfits including Shoprite was commissioned last week by the Imo state Governor, Rochas Okorocha. The project was in partnership with Messrs Somachi Investment Limited, a company owned by the Chairman of Owerri Mall Development Company, Herbert Chikwe, which provided the land, and Messrs Terrestria Group, Median group and Tidllock group. Sitting on 9,950 square meters of land, the total cost of construction was $44 million. Shoprite is the Anchor tenant with a ground land area of 3,500square metres and has also commenced trading activities.

Cranium One’s Co-working Office Space Berths in Lagos

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A new concept of work that involves a shared office working environment and provides cost-effective place to do business outside the home has been launched in Lagos. The shared workplace known as Cranium One is the latest shared office space to berth in Lagos. They recently celebrated the official launch of their coworking space recently at their plush site in Victoria Island. It provides Small and Medium-sized Enterprises (SMEs) with independent activity. In a statement, the founder, Olaotan Towry-Coker said: “We’re happy to provide affordable, yet premium office space to the thousands of entrepreneurs and early-stage businesses in need of a professional and welcoming work environment.” Cranium One is a modern and professional work space that comes at an affordable cost. Located in the heart of Lagos – Victoria Island, this exquisitely furnished, premium space provides a combination of ergonomic design, thoughtfully crafted spacing, well-planned community management and capa...

THE BEST WAYS TO SUCCESSFULLY SELL TENANT-OCCUPIED PROPERTIES

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A situation that often crops up in realty is you, as a property owner, want to wash your hands of that particular location. Usually this isn’t that big a deal. You’re done with a property, want to sell it, you do, everything is coming up roses. The issue becomes complicated when you’re ready to get rid of a property but the people currently living inside are not. Some tenants are perfect and understand; they have the ability to find somewhere else to live and you’re breaking off your relationship on friendly terms. Other tenants are the kind you have nightmares about: they wreck the property, constantly give you push back and are late on rent all the time. No matter what kind of tenants you have, though, they have rights afforded to them. Even if you wish you could dump your horrible renters into a ditch, that’s simply not how the law works.

Buildcon Showcases Pracht Gardens Estate in Lagos

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Following the housing deficit in the country, Messrs Buildcon Global services has unveiled its new residential estate known as Pracht Garden Estate in Ikosi, which consists of 39 homes. Speaking to The Guardian, the Managing Director of the firm, Mrs. Bukunola Gadzama noted that this is the first major estate they are bringing to clients as they intend to go further into the Ajah axis to provide more affordable housing for all income brackets. The houses in different stages of construction come in four bedrooms, detached houses and goes for N45 million. The four bedroom terraces have a price tag of N36million while a semi detached four bedrooms is for N38 million.

THE MAIN REASON REAL ESTATE INVESTMENT CAN BETTER YOUR LIFE

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The term “rat race” is usually associated with a select amount of people striving for a large goal. In reality, life is very much a long and drawn out rat race in the minds of many. It’s all about living for tomorrow, getting more so that the next day they can live well. Another reality is that this day where everything will be fine and perfect because you made millions and can live comfortably is likely never to come. This is especially true in the world of real estate. Even the biggest moguls still try to get richer, looking for ways to make money well into their golden years. Yes, some of this is family minded, but a lot of this logic stems from the constant need and drive to make more, more, more. Because their lives are so focused on success, they’re afraid of failure and disadvantageous situations, meaning they aren’t focused on leading a happy life.

MORE AMERICANS THAN EVER ARE INVESTING IN REAL ESTATE – HERE’S WHY

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It used to be that professionals were obsessed with stocks. Sure, people still pay attention to the stock market, and it definitely still matters, but back in the day if you weren’t playing the stock market? You were essentially a sucker. Now, however, it’s rare to find someone outside of the strictly-financial realm that is wild about making money taking a crack at the stock market. A recent Bankrate survey shows that only 17% of Americans use the stock market as their preferred money-making method, which is a considerably low number…but if everyone isn’t investing in the stock market, what are they doing to make extra cash? The Numbers That same survey found that 27% of men polled said investing in real estate was their preferred method.

Progress is Happening Across Eko Atlantic!

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Eko Atlantic City What could be better, than living and working by the sea? A new aerial shot of Eko Atlantic, March 2016! New buildings being constructed in the

YOU DON’T HAVE TO BE A MOGUL TO BE SUCCESSFUL IN REAL ESTATE

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Real Estate Crowdfunding Picture in your mind someone you think of as a real estate investor. What do they look like? What are they wearing? What gender are they? How old are they? If you pictured a male, 40 or 50-something guy with a nice suit and a winning smile, obviously paid for with all his real estate riches, you aren’t the only one. The standard, successful real estate investor is almost always a man in his middle ages – or at least, that was the case until recently. Now, in this new era of easily accessible technology and communication platforms, almost anyone can invest in real estate. And not only can they invest in real estate, they can succeed. So what’s the big secret? The answer is simple – crowdfunding.

8 DIGITAL MARKETING TIPS REALTORS CAN’T LIVE WITHOUT

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Real Estate Marketing Niche So you’re marketing in the digital age. Whether you’re an older real estate company that’s just getting into the swing of things in the tech age or a company that’s just getting their sea legs, digital marketing is something of a new area. It’s still such a new and ever-changing marketing medium that things take some getting used to from time to time, no matter who you are. There is such a thing as a digital marketing expert, however, and these successful professionals have some insider info to offer you. These eight tips for digital marketing can help bring your real estate business up to snuff, whether you’re a lone wolf or working at a firm. Implement these in your own life or pass them along to the tech department – they’re sure to help.

Property Bank, TrustBond Mortgage Launch ‘Rent actuation’ for Home seekers

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A leading real estate marketing brand, Property Bank, has launched an innovative rent product, “rent actuation” specially created for home seekers who cannot afford their rent at the moment. This innovation is achievable under a working agreement between Property Bank and TrustBond Mortgage Bank Plc, which offers 90 per cent to rent a house at any location in Lagos and Abuja. Property Bank is an online real estate marketing platform with a potpourri of properties covering residential, commercial, industrial properties, warehouses, and plots of land. Rent seekers who are currently unable to afford their choice of properties can now live in their choice houses by contacting Property Bank for options of houses selectable from the platform while TrustBond Mortgage Bank Plc will provide funding.

Real Estate Transaction Volumes Globally Set to Exceed $1 Trillion

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The world’s ageing population will drive real estate transaction volumes to surpass $1 trillion globally by 2020, up from $700 billion in 2015, according to a new report. Institutions are also set to increase their market share, which currently sits at 20per cent, driven by the need to cater for the ageing global population’s investment requirements, says the analysis from international real estate services firm JLL. The major influencers in this trend are set to be international investors, with cross border activity expected to exceed 50% of all investment activity by 2020 to over $500 billion annually, with the biggest increase coming from capital moving between the regions. David Green-Morgan, global capital markets research director at JLL, pointed out that by 2050 there will be more people over the age of 55 than the entire population of the world in 1950.

Govt needs to wield the big stick on Banks, Insurance Firms for not complying with Housing Fund Act

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Femi Johnson Dr. Femi Johnson is the president, Mortgage Banking Association of Nigeria (MBAN), an umbrella body for all mortgage banks licensed by the Central Bank of Nigeria, director, Nigerian Mortgage Refinance Company (NMRC) and member of the governing council of the Chartered Institute of Bankers of Nigeria (CIBN). In this interview with Chinedum Uwaegbulam, Johnson who doubles as the managing director, Homebase Mortgage Bank spoke on different issues in the mortgage sector, especially their drive for improved operating environment in home-ownership finance and why the National Housing Fund has not been viable. Challenges facing the mortgage sector have been identified as weak capital, high costs of funds and inadequate delivery system. How are the mortgage banks tackling these problems? First and foremost, the issue of funding has been resolved to a large extent in terms of lack of funding.  We have the Nigerian Mortgage Refinance Company (NMRC), a

Residents urge rethink on order to vacate Lekki Gardens Estate

Residents of Lekki Gardens Estate located along Lekki-Epe Expressway, Lagos State have called on Governor Akinwunmi Amobode to have a rethink on his vacation order given to the residents of the estate. This may be the reason there appears to be no sign of any resident of the estate moving out as at the weekend. Following the collapse of a five-storey building belonging to Lekki Gardens Estate Limited, which claimed several lives, Governor Akinwunmi Ambode while inspecting the site last week directed all occupants of the estate to relocate. Ambode said the movement of the residents became necessary to allow for integrity tests to be conducted on all properties owned by the developer within the estate. During the inspection, the governor ordered the conduct of integrity tests on all buildings already developed by Messrs Lekki Worldwide Estate Limited, the owners of the estate, to ascertain their fitness, adding that the developer should take responsibility for the relocation of o...

Erosion on the Prowl in Lagos Neighbourhood

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The affected protio of the road iin Magodo GRA, Lagos The looming danger of road collapse from erosion is creeping up in the neighbourhood of Shangisha, a suburb of Ketu en-route the highbrow Magodo GRA, Lagos seemingly unnoticed. The gully which residents in the bustling neighbourhood claim is as a result of channelization of the secondary drainage carried out over three years ago by “government people” is fast developing into a death trap as erosion of the walls of the channel is worsening by the day. Apparently left unmanaged and unattended to since the channelization exercise, the walls of the deep gully which cuts across the long stretch Oba Akinjobi Road all the

Experts Seek Innovative Solutions to Lagos Market Relocation

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Mile12 Market Plans by the Lagos State authorities to curb the nuisance created by the popular foodstuff market in the heart of the city have been welcomed by town planners, who are seeking innovative solutions to the social and environmental challenges imposed by Nigeria’s urbanization. They are also making case for the creation of an agricultural commodity centre in the metropolis, which will drive an arrangement being mooted by the Lagos government to zone the market to four locations, namely Epe, Eti-Osa, Badagry, and Parafa, in Ikorodu. A former Commissioner for Physical Planning and Urban Development in Lagos, Mr. Francisco Abosede, told The Guardian, “there is need for every state to create a Commodity Centre, where buck suppliers would be dispensing retailing traders and those buying for domestic use can be buying the stuffs.

Firm Unveils New Online Real Estate Platform

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Domain name Land acquisition, real estate and agency transactions received a boost last week with the launching in Lagos of an online platform hub called Lands.ng. Its founder, Mr. Godwin Ani, revealed that the platform would serve as a secure and conducive online destination and ecosystem for buyers, sellers, landowners and realtors to connect, make informed decisions and trade with ease. He added: “At lands.ng, we are using technology to revolutionize the way Nigerians think about real estate – land value chain in particular, and thus providing a long term solution to the home ownership challenges and the living standard of our society”. He described the platform as a digital marketplace solely for land listings and its associated services in Nigeria as well as a niche online destination for lands in Nigeria where buyers, sellers, landowners, realtors converge and interact to transact land businesses in a convenient and secure platform.

Why Hire a Professional Real Estate Agent?

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Morrison Wilson You need a professional by your side when you’re ready to buy or sell in the Housing Market. Not just any agent, either; you need a top producing agent who can get the job done for you and your family with the best results. Here are three reasons why. 1. Avoid Being Sued:  You definitely want to stay out of court, and it seems like there’s always someone looking for a reason to sue. The real estate contract is one of the most complicated contracts you’ll probably ever sign. Unless you’re an expert in real estate law, you need an agent to help you navigate the ins and outs of the contract. 2. Maintain Professional Connections:  A sign in your yard and a listing on Classified Site isn’t enough in today’s competitive market. You need someone with professional connections who is effective and active in the real estate market.

Zeek’s Pearl, Residential Apartments Apapa GRA, Lagos

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Zeek Pearl GRA NOW SELLING 2 RESIDENTIAL BLOCKS WITH 38 UNITS OF 3-BEDROOM APARTMENTS ALL ENSUITE WITH BQ. BLOCK 1 HAS 20 UNITS AND BLOCK 2 HAS 18 UNITS, WITH 10 FLOORS PER BLOCK AND GROUND FLOOR PARKING. Located in a serene environment in an exclusive part of Apapa GRA, Lagos. The estate sits on 2,947.43sqm of land and will comprise The estate is well planned with the following features to its advantage, Each apartment comes with a fitted kitchen,

Must read: Unlocking Value From Nigeria’s Road Assets To Finance Infrastructure Expansion

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Article on Nigerian roads The Current administration has come in at the most unfortunate time with the price of crude oil at historical lows, thus mounting pressure on already stretched public finances. As such, even when the government of the day earnestly seeks to improve public works, the resources are just not there. Even if it decided to go to the debt market to source financing, they would be at such an expensive rate, that is in the event that it finds willing lenders given the currency situation. With a road network of 200,000km nationwide of which 17% (34,000km) are federal roads, though a great portion of these are not in the very best of motorable conditions. They are however solid assets of the federal government on behalf of the people of Nigeria. Official government statistics put it that federal roads carry 80% of the vehicular traffic. As at 2012, the number of vehicles was estimated at 9mil. From the same ministry of works

THE EXPRESSION OF INTEREST, URBAN DEVELOPMENT PROJECTS, LAGOS MEGA CITY INITIATIVE.

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Lagos State Government The global ranking of cities rated Lagos as one of the mega cities in the World, together with New York City, Beijing, Tokyo, Shanghai, Mumbai, Rio de Janeiro, Johannesburg, etc. As one of those cities having a population in excess of 17 million persons, it is imperative to provide facilities and infrastructure for the city that will cope with such large demographics and which will be of comparable standard to what is obtainable in all other mega cities in the World, so as to ensure high quality life for the residents of Lagos. In line with these needs and objective, the LASG has conceived an initiative to provide the city of Lagos with world class residential, business recreational and other facilities that will measure up to what is obtainable in all the mega cities of World. This will position the state as one of the best cities to live and work on the African Continent.

TROY COURT By TROY ESTATES

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Troy Court THE DEVELOPMENT Troy Court brings together 3 blocks to form a collection of 36 high quality 3 bedroom apartments. Troy Court, Aguda Surulere is an exclusive development located in one of the oldest neighbourhoods within a vibrant business and urban district, made up of predominantly traditional homes. The area is renowned for its popular high street, musical studios as well as the National Stadium and also provides access to Western Avenue. There is a good mix of the younger generation and old established families, thus creating a strong middle income professional suburban community. Troy Court is located in the heart of it all, granting a rare opportunity to live in such an exciting location. Key Features include:

Defective Lekki Gardens Buildings to be Demolished- Ambode

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Lekki Garden Urges Occupants To Vacate Premises …Sets Up Five Man Committee To Reorganise Building Control Agency Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday directed that stability test be conducted on all building constructed by the Lekki Gardens to ascertain their structural integrity, saying that any building found to be defective will be demolished. The Governor who addressed Government House Correspondents at the Lagos House, Ikeja, shortly after inspecting the site of the collapsed building which was under construction by the Lekki Gardens, said the incident which claimed 34 lives and left several others injured was “one building collapse too many”. He said since the unfortunate incident the state government has taken several steps to stem the tide of building collapse, saying that his administration is determined not to fail in the responsibility of ensuring the safety of lives and property of its citizens.

Plots & Acres of Land For Sale at Triumphant Neighborhood Ibeju Lekki

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Make the Best Investment Decision Now as I present to you, "Triumphant Neighborhood" Elerangbe Ibeju Lekki This is the right time to invest in Lagos' fast growing Real Estate Market, in the Ibeju Lekki. Offer Price: N1million per plot N6million per acre & get 1 plot free. Triumphant Neighborhood is located about 5minutes drive from New International Airport Ibeju Lekki and shares neighborhood with other Estates such as Oakhood Estate, Lekki Free Trade Zone, Amen Estate, Eleko Beach, Beachwood Estate by ARM investment along Lekki Epe Express Way.

Ado Road, Badore Property at Risk of Collapse

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Dredging activities taking place in the community Residents seek end to sand dredging It took the recent boat mishap in Ikorodu area of Lagos State for the activities of sand dredgers to come to light when boat operators blamed the activities of the dredgers for the boat that capsized at a dredging point enroute Badore, Ajah jetty. Presently, residents of Ado, Badore and Langbassa communities in Ajah are up in arms with sand miners operating along the lagoon front that encircles the area. Their concerns are protection of the environment, their massive investment in properties, which may begin to cave in the nearest future, and most especially the Ado road, the only access route linking the densely populated communities to Lekki-Ajah expressway.

Agriculture: The New Smartest Way To Invest In Real Estate

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Agricultural Real Estate Discovery through history that no nation can experience economic and industrial growth without first paying attention to develop its agricultural sector. I am of the strong opinion that agricultural growth is the foundation for economic and industrial development. USA, China, Brazil, Canada, Germany are all top countries with developed agricultural sector. Our country, Nigeria is already working hard to develop and transform the agricultural sector through various policies and programmes aim at improving it. The most important factor of agricultural production in the industry which is Land must be in the right hands that can develop it and make it for the economic development of the country.

Structuracasa Begins Crimson Court in Ibadan

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Illustration of the proposed Crimson Court, Jericho GRA, Ibadan, Oyo State Efforts have been stepped up in reducing the nation’s housing deficit, with the commencement of construction on a mini estate in a secure and serene highbrow neighbourhood in Ibadan, Oyo State. The project, a brainchild of a real estate development company, Structuracasa, has been christened Crimson Court and consists of terrace town houses in the exclusive Jericho GRA. It is located near the Forestry Research Institute of Nigeria (FRIN) and Nigerian Institute of Horticultural Research (NIHORT). Designed for well-heeled clientele and discerning investors with sophisticated taste, Crimson Court comprises three buildings each containing four terrace homes arranged in town house style.

ESVARBON in Expansion Drive, gets Landed Property

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This year, about 400 estate surveyors would be registered this year in line with an expansion drive as the Board has also gotten some landed properties in Port Harcourt, Enugu, Ibadan, Kano, Abuja to site its zonal offices In line with the expansion drive of the current administration of the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON), about 400 registered surveyors would be licensed to practice the profession this year. These are new entrants, who would join the small number of registered surveyors in the country.Chairman, ESVARBON, Mr. William Odudu, revealed this last week in a chat with The Guardian in the Lagos office of the Board. He gave this hint ahead of the planned induction ceremony for over 200 newly registered estate surveyors, coming later this month in Abuja.

Court Judgment Threatens Festac Town Phase II Re-development Scheme

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Court The housing agency stated that the judgment against a federal land duly acquired after payment of compensation and partially developed since 1977 as Festac Phase 1, is perverse and an abuse of court process. A federal High Court, Lagos judgment delivered by Justice Okon Effreti Abang on February 29, 2016 in favour of Kuje-Amuwo community may threaten re-development of the FESTAC Town Phase II scheme. The indigenes, relying on the judgment had embarked on harassment of allottees and demolition of the property of residents of FESTAC Phase II in a bid to enforce the judgment. The Alamuwo of Kuje Amuwo, Oba Isaac Owolabi and three others had instituted a suit against the FHA claiming that about 4.017 hectares being a portion of land in the Phase II of Festival Town belongs to the Amuwo community was not properly acquired.

Developer Shores up Mass Housing with Ogun, Abuja Projects

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Artist impression of apartments at the estate. Convinced of government’s inability cum lack of interest in tackling the problem of mass housing provision in the country, private sector developers have continued to step up their game to fill the void. The words of Mr. Dotun Oloyede of Mcbuddy Properties Limited are laced with this passion as the firm has begun offering its second phase project to prospective subscribers. With phase one which started in 2011 sold out 90 percent, the company rolled out its phase two in the last quarter of 2015 on 14 acres both located in the fast developing Shimawa axis of Ogun State, not leaving out Abuja among others scattered all over the Central Northern region. This includes Nasarawa State, Karshi, Gurku, Orozo and Giri. Each estate offers a minimum of 20 units of homes.

Experts Seek New Reform for Real Estate Sector

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Faced with severe bottlenecks on land administration, housing practitioners have called for an urgent reform that will usher in a better business friendly environment, streamline approval The experts want a reform that will continue to make real estate the greatest source of wealth for individuals, families and a key driver of infrastructural as well as urban development, with propensity for direct and indirect employment generation. Faced with severe bottlenecks on land administration, housing practitioners have called for an urgent reform that will usher in a better business friendly environment, streamline approval and permitting process and the restructuring of the mortgage process in the country to make it functional and inclusive. Mr. Hakeem Oguniran, Managing Director of UACN Properties Plc, who was the guest

Lekki Garden: Experts urge Government to Engage Building Monitors

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Lekki Garden With claims by the Lagos government that the developers of the collapsed building in Lekki corridor was served contravention notice for exceeding the approved floors, professionals have advised the state government on the need to engage recognised professionals that can assist in monitoring exercise. The developer, Messrs Lekki Gardens said in a statement that construction had stopped in January over reported structural defects. “We’re working with all the appropriate authorities and will not leave any stone unturned to find out the exact cause of the incident.” A former President, Nigerian Institution of Structural Engineers (NIStructE), Mr. Kunle Adebajo, said, construction of a multi-storey buildings in Lekki axis requires a real professional presence, in view of the nature of the terrain.

Global office Property Market Fundamentals Improved in 2015

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Global Real Estate News In Asia Pacific, Chinese financials drove Hong Kong rents up 13.3per cent on an annualised basis followed closely by Sydney with growth of 13per cent where demand was broader. Substantial growth was also recorded in Bengaluru at 10.1per cent, Wellington at 9.9per cent, Shanghai at 9.4per cent and Tokyo at 7.6per cent. Weak economic conditions coupled with a large supply pipeline saw Singapore rents decline 10.5per cent per cent in 2015. Rental performance across Australian markets was bifurcated. Together with Sydney, annual rental uplifts were recorded in Melbourne at 1.4per cent and Canberra at 1.6per cent. At the same time, high vacancy rates contributed to annual declines in Perth of 19.4per cent, Adelaide 10.6per cent and Brisbane 4.7per cent.

Lagos Partners NMRC on Mortgage Financing

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Professor Charles Inyangete. Lagos State government has said that it would enter into partnership with Nigerian Mortgage Refinance Company (NMRC) to make housing affordable to its citizens. The Commissioner for Housing, Prince Gbolahan Lawal stated this during a meeting of the Ministry and its agencies with the management of the NMRC led by the Managing Director/Chief Executive Officer Professor Charles Inyangete. He said that State will be prepared to sign a Memorandum of Understanding as soon as both parties agree on the terms and modalities of the facilities, which are geared towards alleviating the burden of financing mortgages in the State.

Imo Lifts Ban on High-rise Buildings in Aladinma, World Bank

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IMO State Governor. As part of efforts to create a better living standards and adequate infrastructure for the people, Imo State Government has lifted the ban on construction of high- rise buildings in some layouts and high brow zones. Since the creation of Imo State in 1976, areas like Aladinma, Federal Housing Esate, World Bank zones had been for the exclusive construction of bungalows with approved uniform designs of rooms and apartments. The Imo State Governor, Chief Rochas Okorocha, who announced the change in layouts and land use, named the areas people as Aladinma, World Bank, Egbu Layouts among others. “Building of high rising has been unbanned in the state. People can build in Alandinma and World Bank”, he said.

Professionals Urge Caution as Lagos Declares 65 Buildings Abandoned, Distressed

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Savannah Bank along Broad Street, Lagos. Owners of the 65 buildings either classified as abandoned or distressed in Lagos have been given ultimatum over the properties, but professionals are urging the state government to ensure its claim is verified by relevant professionals On the heels of labeling 65 buildings distressed and abandoned, professionals in the real estate industry have called for caution, urging the State government to follow due process and involve independent experts. The involvement of private professionals would help the state government to do detailed and unbiased analysis of the identified properties, a concerned real estate professional said. According to the state in a recent public notice in a national daily, not The Guardian, the state government said the notice was part of the measures to reduce cases of building collapse in the state among other reasons.

Ambode Approves Land for Installation of Surveillance Camera in Ibeju Lekki

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Lagos State Government Perfects Donation Of Gun Boats, Other Equipment To Nigerian Navy Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday granted immediate approval for provision of land to the Nigerian Navy in the Ibeju Lekki area of the state to install surveillance equipment to monitor activities on the Nigerian territorial waters and a little beyond the exclusive economic zones of the country. Governor Ambode, who made the announcement during a courtesy visit paid on him at the Lagos House, Ikeja by the Chief of Naval Staff, Vice Admiral Ibok Ete Ibas, said the surveillance gadget would go a long way in putting a halt to criminal activities going on within the creeks around the state and generally on the Nigerian waters.

Lagos Declares Zero Tolerance for Land Grabbing

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…Strategizes For Peaceful Easter Celebration The Lagos State Government on Tuesday said it would no longer tolerate the illegal activities of land grabbers otherwise known asOmo-Onile, just as it warned that anyone found using such to disturb public peace and illegally disposes people of their property would be prosecuted in accordance with relevant criminal laws. The State’s Attorney General and Commissioner for Justice, Mr. Adeniji Kazeem, who said this shortly after the monthly Security Council Meeting, said the state government was seriously concerned about the menace of land grabbing, especially as activities of land grabbers have escalated in recent times, and that it would no longer be tolerated henceforth.

Lekki Gardens Releases Statement On Collapsed Building That Killed 34 In Lagos

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Lekki Gardens Collapsed Building The Management of Lekki Gardens has confirmed the unfortunate incident, Tuesday March 8th 2016 where a building collapsed at about 4a.m. in the morning, at one of its residential estate projects in Lekki. The building which was under construction was meant to house a number of apartment units. Rescue work started immediately and so far 34 people have been reported dead and others injured. The exact cause of the incident is not known at this time. All of our incident response procedures have been initiated, our support services have been mobilized and relevant authorities have been advised.

INVESTORS OPPORTUNITY

Investor needed to clear and Sand filled 1.5km Access road at Onishon opposite lakowe golf,  Ibeju Lekki. Title: Gazette Investor Reward: 25plots. Total Cost: N7.6milliom PROFIT: Lets do the maths 1plot is N1.5m X 21plots = N31.5m. Subtract N31.5m from invested capital N7.6m = N23.9m profit. NOTE: In 2years land around golf axis appreciates and skyrockets. ‎Take advantage of this Opportunity!!!

World's 21 Best Places to Invest in Property

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Real Estate Investments Article. The past few years have been sobering for global property. Falling house prices have torpedoed buy-to-let markets all over the world. But millions of Britons are still tempted by the dream of buying a property in the sun, spending their holidays there and converting it into a nice little earner in their old age. Sinking hard cash into an overseas property always comes with risks. Yet there are a number of destinations where investing now looks far more attractive than 12 months ago. Some markets that nosedived – for example, Spain – show signs of bottoming out, and offer good value again. In other parts of the world, such as the Caribbean, overseas buyers are being targeted with significant tax incentives. Here are 20 hot spots where investors in all price brackets can find good value in 2014. Barcelona, Spain A city perceived as a magnet for beautiful people will always buck national trends. This probably explains why Barcelona is looking a bet...

The Top 10 Tallest Buildings In Nigeria

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Real Estate Article Nigeria is one of the most economically developed nations on the continent and has a very high population to cater for. Generally here, the concentration of highrise buildings are localized around the capital city, Abuja and the commercial capital, Lagos amidst other large cities in the country which have experienced rapid growth. We made a list of the tallest buildings in the country, of which the Nigerian External Communications (NECOM) building is the tallest standing at 520ft with 32 floors. 1. The Nigerian External Communications House (NECOM House) The NECOM House is located in Marina, Lagos and is the tallest in the whole of West Africa with 32 floors and standing at 520ft (160m). The building formerly known as the

Need Land from Government? ‎We will get it for you!

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Investment Available Lands From Government Include:‎ 1. Sangotedo:  Close to Lagos Business School Ajah Lekki Size: 120 by 60 feet‎ Price:10.5M ‎ 2. Badagry: Size: 120 by 60 feet‎ Price: - 6.8M‎ ‎ 3. Ijanikin: Size: 120 by 60 feet Price: 7.5M ‎ Draft must be issued in favor of Lagos State Govt. Processing fee: N300,000 Other Govt allocated Estates ‎ 4. Golden Ark Estate: Close to Agbara from Housing Corporation - 3M Size: (120 by 60 feet) 300 Plots Available‎ Benefits Include: I. Light Rail from Badagry to Marina on the Island Ii. The New 10 Lane Road Iii. Planned Neighborhood

Buying a House at Auction is a Breeze - just don't scratch your ear

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A residential auction conducted by Allsop   CREDIT:  JEFF GILBERT Buying a house at auction would strike most people as rather odd. They would cheerfully buy a used sofa off a complete stranger on eBay, but a used property? No way! But tens of thousands of buyers would disagree. At the auction I am attending in London, conducted by Allsop, the market leader, the bidding is hectic. It is standing room only at the back, and everything happens so fast it is hard to keep up. “…£500,000… £510, 000… Who will bid me £520,000? Thank you, sir. Just one more, madam? Is that a nod? It’s a nod. £525,000… Will anyone go to £530,000? Are you sure, sir? No? Going once… Going twice… SOLD to the lady in the striped shirt…” The setting may be grand – the Cumberland Hotel in central London – but the tone of proceedings is low‑key and business brisk. If the sums involved were not so big, this could be an auction of antique furniture or a second-hand car sale.

Fourscore Homes begins Shalom Place estate in Lagos

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Illustration of the proposed Shalom Place estate, Lagos22 UNITED Kingdom-based property firm has made its foray into real estate development, with the approval for the commencement of 420 flats and another set of 110 flats also in Isheri North in Ogun State. The estate by Fourscore Homes is less than a minute’s walk from the popular Isheri North estate built by the Lagos State Government, about a three-minutes drive from Shoprite, a three-minutes drive from the newly built fire station, and two minute’s away from the police station, making it the ideal residential estate for prospective homeowners and investors in the property market. The company is a member of the NHBRC (National Home Builders Registration Council) in South Africa and Zurich Building Guarantee in Europe, as part of company’s presence overseas. According to the Chief Executive Officer of Fourscore Homes, Femi Osibona, the firm specialises in the building of choice properties in different parts of the world,