ChangeAgent Property

When Darlington Enereba, Chief Executive Officer of EstateDesk Nigeria, says their primary aim is to make it as easy as possible for people to find a place to live in Nigeria and Africa, one begins to imagine how they intend to do this considering bigger competitors in the same field. Darlington and Jethro Theo Paul, the Creative Strategist co-founder, are quick to admit they have stronger and bigger competition but that they believe they are one step ahead of their potential competition.

Aerial view of Lagos PHOTO: CLUTTONS Notwithstanding the redundancies mounting beyond the all-important oil sector, run-away inflation cutting property transaction volumes and investors apathy to real estate, a new report released by Cluttons Nigeria says, there is a bright spot in the Lagos commercial sector, especially the industrial market. The global real estate firm in its ‘Winter 2016/17 Lagos Commercial Property Market Outlook’ revealed that the market has remained fairly resilient in the face of a deteriorating economic

Chudi Ubosi The government should focus intensely on the provision of housing for the low and middle-income groups, says CHUDI UBOSI, President – Africa, International Real Estate Federation (FIABCI) and principal partner at Ubosi Eleh and Company. He argued that the impact of government should be felt at this level Housing is one of the fundamental human needs in addition to food and clothing. It is equally a significant indicator of a person standard of living, and sometimes also an indication of place or status in the society.

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

A mortgage is a lien on a property/house that secures a loan and is paid (interest and principal) in installments over an agreed period of time. The mortgage secures your promise that you’ll repay the money you’ve borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages. It is essential you select the one that is right for you, your future plans, and your financial situation. How to qualify for a Mortgage To qualify for a mortgage you must; meet certain eligibility requirements; be  financially capable of servicing your mortgage (ideally repayments cannot exceed 33% of borrower’s earnings); be credit worthy with no history of bad debts; provide adequate security for the loan; In terms of mortgage eligibility ,  prospective borrowers will be assessed for their eligibility to apply for their preferred product. The eligibility requirements include; Age:  Prospective applicants must be ...