Posts

Showing posts from 2016

Advert: 28 Units of 4Bedrooms Terraced Duplex Now Selling.

Image
28 Units of 4Bedrooms Terraced: Price: N35m each 35 units of 3 bedrooms Terraced Duplex: Price: N30m each. Location: Chevron, Lekki Lagos. Gated community with armed security,

Advert: Detached Duplex for Sale at Oniru

Image
5bedrooms fully detached duplex with BQ and well furnished standard kitchen on 500sqmts. Location: Off Oba Palace road Oniru.

Propertygate’s Boss Identifies Structural Problems of Mass Housing

Image
Chief Executive Officer of Propertygate Development and Investment Plc, Mr Adetokunbo Ajayi. A frontline Real Estate Operator and Managing Director and Chief Executive Officer of Propertygate Development and Investment Plc, Mr Adetokunbo Ajayi has identified some structural problems affecting the government’s mass housing project and proposed measures to revamp them. In an interactive session with the media on how Propertygate has fared despite the recession, Ajayi explained that lack

FG to Build 3,000 Housing Units for Civil Servants in Abuja

Image
Head of Service of the Federation, Winifred Oyo-Ita The Federal Government through the office of the Head of Service (HOS) has entered into an agreement with a housing developer, Brains and Hammers to build at least 3,000 housing units in 72 hectares of land located in Bwari, Abuja. The housing units which are to be completed within 6 months is to enable the civil servants acquire their own houses with ease.

Communal Living: Should Real Estate Developers Be Interested?

Image
Got me thinking! Is technology the way? Interesting, read and you will be inspired. Technology has seeped into virtually every aspect of the human experience these days and the sharing economy is just one manifestation of its impact. Tech startups like Uber and Airbnb represent the vanguard, reshaping the way we spend our vacation or simply travel across town. In recent years, the concept of utilizing shared resources has gained traction in

Architects Visit Babatunde Fashola, Unveil New Models for Housing

Image
President, Nigerian Institute of Architects (NIA), Tonye Oliver Braide presenting a plaque to the Minister of Power, Works and Housing, Babatunde Fashola during a courtesy visit to the minister, recently Apparently disturbed that previous homeownership schemes are not targeted at providing social housing, architects have proposed new innovative concepts to government, which will collectively address affordable and sustainable housing for Nigerians. The models proposed by the Nigerian Institute of Architects (NIA) for social housing include, development of a contributory scheme that will provide

How to Position Yourself for a $13.5 Billion Dollar Real Estate Market in 2017

Image
Are you a Facilities Manager or Real Estate Professional in Lagos or its Environs? The IFMA Operation and Maintenance Professional Module is coming to you this December. Register now to increase your capacity, become valuable to your employer or business, and increase your market attractiveness, even in this time of economic uncertainties. Did you know that about 30% of most organizations’ overhead is consumed by

At 20, Am I too Young to Invest in Buy-to-Let Property?

Image
‘Do I have to have some sort of experience as a landlord before I’m likely to be lent money? Question: I’ve recently turned 20 years old and I’ve taken a year out from my degree course to get some industry experience, and I’ve also been saving up. I haven’t got enough to invest in an amazing property, but I do think my savings will go some way in helping me get my foot on the ladder.

Lagos Unveils Housing Policy for the Benefit of Low Income Earners.

Image
In fulfillment of his campaign promise that his administration would come up with a new housing policy that will make all residents in the State have access to shelter irrespective of their social status, tribe or income, Lagos State Government has unveiled affordable housing units spread across the three Senatorial Districts. Speaking at the unveiling of the new housing policy in Epe, Governor

OPIC Partners NMRC on New Mortgage Scheme

Image
OPIC Managing Director, Mr. Babajide Odusolu Fresh prospects may be on the card for prospective homeowners in Ogun State, if statements made recently by senior officials of the government are anything to go by. Apparently bothered that average Nigerians cannot afford the cash and carry houses by developers, the Ogun State Property and Investment Corporation (OPIC), plans to roll out a mortgage scheme that will enable aspiring home owners purchase homes with ease.

Lagos to Launch Rent-To-Own Housing Scheme December 8

Image
Says scheme targets low income earners, artisans In an effort to cushion the effects of economic recession in the country, the Lagos State Government on Thursday said it has concluded plans to start allocation of houses under the newly introduced rent-to-own policy. The State’s Commissioner for Housing, Prince Gbolahan Lawal, who disclosed this at a press conference ahead of the launch of the schemes at the Bagauda

LASG Urges Prompt Payment of Land Use Charge

Image
The Lagos State Government has urged property owners in the State to ensure prompt payment of their Land Use Charge in order to benefit from the 15% discount available for early payers and to avoid sealing of their properties. In a statement issued on Wednesday by the Commissioner for Information and Strategy, Mr. Steve Ayorinde, payment of the Land Use Charge is part of civic

EstateDesk Nigeria is an Online Real Estate Startup from Benin City.

Image
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.

South Africa's Most Expensive Home Sold for $19 million This Year 2016

Image
A three-storey, seven bedroom house in Cape Town has broken the record for the most expensive house ever sold in South Africa. Situated in Bantry Bay, the house has been bought by a German billionaire for approximately US$19 million, breaking previous records by a whopping margin of US$6.5 million. The deal has cheered local real estate professionals who were concerned over the stagnating property market in the country’s capital, amid the falling value of the rand. The house offers stunning views of the Atlantic sea and the gorgeous

Singapore Asks Property Investors to be Cautious

Image
The Monetary Authority of Singapore (MAS) has advised residential property investors to be cautious when investing in Singapore. In its latest review, the MAS said rising vacancy rates, declining rentals and impending interest rate increases could make investment in rental properties less profitable in the near future. "Before investing in property, investors should be aware that rising vacancy rates, declining rentals and impending interest rate increases mean that they may not always be able to rely on rental

Lekki Roundabout Junction Improvement Works

Image
Present construction works at the 4th, 5th and 8th Roundabouts on Lekki-Epe Expressway would deliver a signalised

Real Estate Success Stories by Brandon Turner

Image
Photo Credit: Brandon Turner Very interesting story and strategic. You will be inspired, read carefully. How I Used Real Estate to Completely Fund My Kid's College Education  Six months ago, my wife and I welcomed Rosie into the world — our first child. A week after she was born, I had her entire college education paid for without spending a single dollar of my own money. How? Through one single real estate investment.

Videos Can Market & Sell Real Estate Deals Better by Jack Miller

Image
In this real estate training blog post you will learn some amazing statistics about using video when marketing real estate investments.  When it comes to real estate, video has been shown to attract sellers AND buyers, boost listings and increase sales. Videos are highly sought, and you’ve no doubt noticed that video results are appearing along with text results when you search for anything in Google or other search engines these days.  By by 2017 it’s estimated that 74% of all Internet traffic will be video.

Artisan Wins N42m Land in Lagos

Image
Oba Elegushi with Lawal Saheed and his family at the event An artisan, Lawal Saheed, 32, from Ijebu-Igbo, Ogun State, who emerged star winner at the Imperial International Business City (IIBC) promotion,has been presented with his signed deed of contract at an event held in Lagos last week. Lawal, a painter, won a plot of land worth N42 million. The IIBC is being developed by the Elegushi Royal Family and Channeldrill Resources Limited, promoting the 200-

New Home Sales in U.S. Dip 1.9 Percent in October

Image
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. fell 1.9 percent in October 2016 from a downwardly revised September reading to a seasonally adjusted annual rate of 563,000 units. "Though slightly down from last month, new home sales have been on an upward trend since last year," said Ed

Asaba Mall Commissioning Holds

Image
Asaba Mall All is now set for the official opening of the fully completed, ultra-modern and much awaited Asaba Mall by the Delta State Governor, Ifeanyi Okowa tomorrow. Asaba Mall is located strategically at the popular Interbau Round about where Summit and Okpanam Roads intersect just by the flyover. The project commenced earlier on June 1, 2015 with the groundbreaking

Experts See Modest Gains in 2017 Real Estate Market

Image
Despite the nation’s economic downturn, which has stifled investments in the real estate market, experts are already seeing huge opportunities in the sector, come 2017. The experts, who include developers, investors and property managers hinged their optimism on what they called some accruable positives already being experienced by investors, who can think out of the box. According to them, though the sector is not removed from stagnation,

Kano Begins New Land Registration System

Image
DFID Towards creating an alternative means to the cumbersome process of the sporadic approach required for the collection of traditional Certificate of Occupancy, the Kano state government has commenced a Systemic Land Title Registration (SLTR) process. The process anchored by Growth and Empowerment in State (GEMS3) and funded by the Department for International Development (DFID) involves demographic data mapping of valuable property in the state.

Estate Agent in Possession of Fake Lagos State Government Documents Arrested

Image
Operatives of the Lagos State Task Force have arrested an estate agent defrauding innocent members of the public with fake Lagos State Government documents. Chairman of the Lagos State Task Force, SP Olayinka Egbeyemi, while parading the suspect disclosed that he was apprehended after a complaint by an individual, based on a purported ‘Quit Notice’ served by the Lagos State Task Force.

1,000 Housing Units Ready for Occupation in Lagos - Ambode

Image
…Says Epe road network expansion’ll complement Lekki Free Zone Lagos State Governor, Mr. Akinwunmi Ambode on Monday said his administration has so far injected over 1,000 additional housing units into the State and the schemes are now ready for occupation by interested residents. Governor Ambode, who stated this during an extensive inspection tour of ongoing projects in the Eastern axis of the State, said the official flag off of the

Property Owners on Edge as Delta Wields the Big Stick

Image
Aerial view of Delta State PHOTO: GOOGLE APBN threatens court action over CofOs nullification There’s trepidation in the air for property owners in Delta State, following the alleged nullification of all Certificates of Occupancies (CofOs) by the authorities. The move has drawn the ire of stakeholders and professional bodies who have threatened to drag the state government to court.

Pazino to Launch Estate, Rewards Partners

Image
Pazino Engineering Company Despite the impact of economic down turns on real estate businesses in Nigeria, Pazino Engineering Company, marketers of real estate products has disclosed plan to launch a new estate called Celebrity Ville. The Managing Director and Chief Executive Officer of the company, Patrick Agbaza, who disclosed this at an event organized by the firm to reward its agents under the Pazino Multi-Level Marketing (MLM) scheme, where individuals earn commission, said the estate will house celebrities from all walks of life.

Fitting in the Missing Pieces to a Successful Real Estate Business -Jarnell Porter

Image
Real Estate is a business with many different parts. Utilizing these different parts effectively can also lead to many different ways to make money. However, it seems that a large number of investors are only focusing on one aspect of the business which leaves a lot of money on the table and not in their pockets. In this article I will describe the top four methods I believe work the best for producing money for your real-estate business. Rental Properties A very powerful tool that every investor should have in their business arsenal is rental properties. I know they are a pain, but it’s consistent income every month. If your rentals can bring in enough rental income to cover your monthly living expenses plus you can save for a rainy day you are not stressed out to find the next deal. Instead you are looking to find the right deal. A forced deal or deal out of desperation usually takes more time to sell and often just doesn’t make sense or just seems to not work out at the en

3 Funding Methods For Real Estate Investing Deals- Josh Cantwell

Image
We know that there are multiple different ways to get real estate financing. The problem is that most real estate investors have no clue these options exist. They are tricked into thinking they need their own CASH or Bank Financing to fund their deals. They are lead to believe that they must WHOLESALE properties for quick cash and create a "buffer" of assets prior to doing BIG DEALS. But that just isn't true. There are many options you can use for funding real estate deals such as...

Real Estate Millionaire Success Steps To Achieve Your Million-Dollar Goals

Image
Is one of your goals to become a real estate millionaire? Do you have a plan, a road-map, for making a million dollars in real estate? You can achieve your goal of becoming a real estate millionaire if you follow the 3 success steps outlined by millionaire real estate coach JV Crum III in this blog post. JV is an expert at bringing salespeople to their highest level – helping real estate agents & investors sell more houses, make more commissions, and become real estate millionaires.

Lekki Free Trade Zone: Govt Tasks Investors on Community Engagement to Secure Investments

Image
Ongoing construction of Ajah roundabout bridge, Lekki Epe Express The Lagos State Government at the weekend charged investors in the Lekki Free Trade Zone, LFTZ, corridor to step up their Corporate Social Responsibilities (CSR), to the host communities as that is one of the ways to secure the multi-billion dollars investment in the corridor. The Government said the administration of Governor Akinwunmi Ambode was passionate about the investment in the corridor as it is the future hub of commerce and industry in Africa.

Lagos is Home to Those who Can Dream Big- Says Ambode

Image
Unveils Black Pearl Towers in Eko Atlantic City Lagos State Governor Mr. Akinwunmi Ambode on Friday evening said the State has the capacity and wherewithal to accomodate those who can dream big and realise their potentials to the fullest. Governor Ambode, who spoke at the unveiling of the Eko Pearl Towers, a 24-storey state-of-the-art residential building, located within the Eko Atlantic City, Victoria Island, said the core objectives of his administration was to created an enabling environment for local and foreign investors alike to thrive.

Delta insists on Land Regularisation, Demolishes illegal Structures

Image
Ifeanyi Okowa Partners investors in mechanic village project Delta State government has warned that it would not shift ground on terms for documents regularisation in the Core Area II, Okpanam community. Besides, the state government said it had embarked on clearing of bushy medians and two road-sides of the Okpanam-Issele-Uku axis and demolition of 4,000 makeshifts used as criminals’ hideouts along Asaba-Benin Expressway.

FG Partners Anambra on Land Registration Process

Image
Dr. Nkem Okeke Disturbed that less than three per cent of land nationwide has been registered in over 100 years ago, the Presidential Technical Committee on Land Reform (PTCLR) has perfected arrangements to commence the Systematic Land Titling and Registration (SLTR) in Anambra State. The committee was set up in 2009 to tackle the difficulty of registering landed property in Nigeria. Under the scheme, rights to land in a particular area are systematically ascertained and documented in an official register of land titles.

Elegushi Imperial Smart City’s $300 Million Project Broaches New Housing Deal in Lagos

Image
The proposed imperial city, Lagos A comprehensive new plan unveiled last week to reverse the growing decline in the nation’s housing stock in the Lagos area, is promising an ambitious new deal for a fresh town project within the Lekki -Epe corridor. The scope of the scheme is massive and breathtaking, as it anticipates to utilise 200 hectares of sand filled land for a site and services scheme. Other major details are still sketchy, but the promoters disclosed that construction works would start in the second quarter of next year with land reclamation.

Stakeholders to Meet on Real Estate Opportunities in Recession

Image
Managing Director, Standard Chartered Bank, Mrs. Bola Adesola The 2016 edition of the Refined Investor Series (RIS), promoted by Fine and Country International Realty will hold at the Wheatbaker Hotel, Ikoyi, Lagos next week. The programme, which is coming on the heels of Fine and Country West Africa’s 8th anniversary in Nigeria, will be chaired by the Managing Director, Standard Chartered Bank, Mrs. Bola Adesola will discuss the theme – “Out of the Box”: Unlocking Smart Real Estate Opportunities during a Recession

Firm Unveils Fraiser Suites as FCDA Begins Road Project

Image
FCT-Minister Mohmmed Musa Bello A private developer, Messrs  Royal Pacific Group has commenced the construction of its iconic brand that features 126 Gold-Standard residences that combine comfort, style and technology with outstanding facilities and exclusive in-house services. The facility known as, Fraser Suites, according to the Marketing Communications Consultant of the company, Haroun Harry Audu, would avail multiple job and employment openings.

Swedish firm Kjellander Sjöberg Wins Nordic Design Competition

Image
The winning proposal for the Nordic Built City Challenge The project It Takes a Block has been announced as the winner for the design innovation competition – The Nordic Built City Challenge – for the Swedish site in Sege Park in Malmö. Kjellander+ Sjöberg developed the winning proposal along with the Danish landscape practices Sted and BOGL, Atkins consultancy and students from LTH. It presents affordable housing based on climate-smart and community-based solutions for liveable and sustainable smart cities.

Real Estate Investing Success Stories by Heather Zaal

Image
A Lot of Determination and Dedication My husband and myself started this journey a little over a year ago. We had been reading off and on for a couple years (mostly off!) As it happened to almost everyone we know also, my husband lost his tech job. We decided it was time to jump into investing with both feet and hope that our work would pay off. It took almost two months to find our first deal. It was a

Grenadines Homes Boosts Real Estate Sector with N6b The Coral Hotel Apartments

Image
An illustration of the proposed Coral Hotel Apartments by Grenadines Homes Despite the construction freeze that accompanied the bursting of the bubble, the nation’s real estate market, especially in Lagos may have begun to peak, with property investors’ and developers’ renewed confidence in the economy. A new report last week hinted that the property sector has clearly been affected by the unprecedented economic malaise, hampered by rising interest rates (now at 14per cent), global economic instability, soaring inflation and a weak as well as redundancies beyond the oil sector and reduction in property transaction volumes.

Best Strategies In Real Estate Prospecting By Julius Oyedemi

Real estate prospecting is a BIG part of a real estate professional’s job. No prospecting means no client and subsequently it becomes difficult to make ends meet. This article gives useful tips on how to make headway in real estate prospecting. To be at the top of your real estate game you have to invent and re-invent new ways to stay afloat or you will be lost in the sea of faces that has made real estate business their forte. Let’s take a look at the best tactics for prospecting, whether online or offline. The tactics for prospecting have been grouped into three sections; General, online and offline prospecting. General prospecting:

History: What is Gazette Document?

Image
Before the Land-Use Act in 1978 was enacted, Traditional families who had so much land power under their control benefited from taking pleasure over all the rights given to the land owners. Because of this mega-power they wielded with land, they gave out lands to individuals under a tenancy system for them to use the land either for fishing or farming while they still maintained control over the portion of the land given to the individual. It wasn’t until the creation of Lagos Executive Development Board in the 1950s that individuals where now able to acquire land from the board directly in exchange for a sum of money instead of going to meet the traditional families to obtain land. This led to the Traditional Families now

We'll Complete Lagos-Badagry Expressway Expansion by 2019, Says Gov Ambode.

Image
...Says Aboru-Abesan link bridge, road will be ready by 2017 … Work to commence on Irede road in four weeks Lagos State Governor, Mr. Akinwunmi Ambode on Thursday assured residents that the ongoing Lagos-Badagry Expressway Expansion project would be completed before the end of 2019. The Governor, who spoke shortly after embarking on extensive inspection of ongoing projects across the State, said the project was a major economic catalyst for Lagos and therefore his administration was totally committed to

Lagos State Govt to Redevelop Adeniji-Adele Housing Estate

Image
The Lagos State Government is set to redevelop the Adeniji-Adele Estate Phases I – IV, built over 35 years ago but is now in a deplorable state. The General Manager, Urban Renewal Agency (LASURA), Mr. Lateef Sholebo, who disclosed this recently, said the State Government has concluded the plan to invite Investors and Consortium of Developers to redevelop the entire15.54 hectares of land into a multi-storey housing estate with a decent environment suitable for living.

ADVERT: PROMO! PROMO! PROMO! VIP GARDEN LAKOWE

Image
Introducing VIP GARDENS LAKOWE Ibeju Lekki Lagos. It's located in a serene environment coupled with adequate security around Lakowe golf course. IT'S A DRY LAND with lots of development around. VIP GARDENS LAKOWE comes with C of O. ☑ Highly Secured Community ☑ Flexible Payment Plan

ERCAAN Seeks New Body to Monitor Estate Agency Practice in Lagos

Image
Piqued by the activities of quacks among its fold, members of the Lagos Chapter of the Estate Rent and Commission Agents Association of Nigeria (ERCAAN) have called for the upgrading of the State’s Real Estate Transaction Department (LASRETRAD) to an agency. The upgrade, they said would help in proper regulation of agency practice and  distinguish genuine professionals from quacks. The body had been bedeviled with controversy over the activities of individuals that exploit home seekers. In some circumstances,

REI Success – Planning For Negotiation by Jack Miller

Image
Planning is a big word that most people fail to appreciate.  Negotiation planning begins as soon as your goals are set.  For instance, if I were to decide to become financially independent by the time I were 40, the very next activity I’d engage in would be negotiation – with myself! Suppose we were to outline the process of getting rich.  We’d have to start with an allocation of our time, effort, priorities, money, career choices, family choices, etc.  We’d have to assess our strengths and our weaknesses and design a remedial program of education and experience to shore up those in which we were deficient.  That process would require us to make trade-offs, sacrifices, etc.  That’s what negotiation does.

Uneasy calm Grips Asaba as Government Threatens to Demolish 8,700 Houses

Image
Landlords in suburb of Delta State capital, Asaba are presently living in fear as the State government threatened to demolish over 8,700 houses, if the homeowners fail to regularize their property. The Guardian learnt that the State’s Ministry of Land and Surveys recently set up a task force that marked the affected buildings and issued notice to property owners. The property owners were given three months moratorium to perfect the

Lagos, Residents Bicker Over Plan to Link Magodo to New Scheme

Image
Residents of Magodo estate under the aegis of Magodo Resident Development Association (MRDA) have protested plans by the Lagos State government to create access road through Block 89 A, Magodo Extension Magodo, Lagos. The state government has recently deployed a heavy earth-moving caterpillar to clear the bushes and shanties along the end of Ashiru Shittu Street of Magodo scheme. Already, works at the channelization of canal between Magodo brooks and Omole Phase 2, have created a disharmony between residents and government leading to temporary stoppage of works at the site.

Strong Outlook for Lagos Industrial Real Estate Market

Image
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

Developer Targets 2,000 Houses in Three States

Image
Accountant, Ifitech and Associate Limited, Edet Anietie (left); Managing Director, Ifeanyi Isaac; Executive Director, Susan Isaac and General Manager, Ngoha Johnson during the unveiling of Westpoint Gardens and Solid Base Estate in Lagos. Determined to contribute its quotas in reducing the prevailing housing deficit, a private developer and owners of WestPoint Gardens and Solid Base Gardens, Ifitech and Associate Limited has unveiled a low-cost housing scheme, which will provide residential accommodation for Nigerians. The company has entered into partnership with the government of