Property developers consider review of home prices on off-plan sales
These are not the best of times for property developers who have entered agreements with subscribers under the off-plan sales, as the present economic realities could not allow most of the schemes
Amid instability, buyers finding deals in Nigeria’s luxury property market
After last year’s unpredictability, hopes are high for Nigeria’s real estate as the luxury segment of the market is showing a slight recovery; with significant lifestyle changes in both work
Why is everybody buying properties?
Skeptics are wondering why the ravaging coronavirus pandemic is not ‘seriously’ impacting property markets and market data are still going up. All times are good times to buy properties depending on which type is desired.
Court bars family from tampering with late Reps member’s property
Justice Kamorudeen Olawoyin of Oyo State High Court, Ibadan has restrained the family of late member of House of Representatives, Honourable Temitope Issac Anthony Sugar, from intermeddling, selling and dealing with his properties. The court also ordered the late Sugar’s family, their agents, privies, servants, employees, and workmen from ejecting, selling offering for sale or…
Why homeownership remains low in Nigeria, by experts
Experts in the real estate sector have identified a lack of proper knowledge of property market dynamics by prospective homebuyers as one of the reasons for the low homeownership rate in the country. They reasoned that with proper enlightenment of the home-buying public, it is possible to own property in Nigeria. According to them, most…
LASRERA meets property developers on fraudulent practices, demands special court
Determined to sanitise and strengthen operations of the property market, the Lagos State Government has held talks with real estate developers to seek their buy-in into the mandate
COVID-19: Cash-strapped tenants face ejection
There are strong indications that next year might not be rosy for many tenants in Nigeria, as the impact of the COVID-19 pandemic begins to manifest economically, possibly resulting in a strained relationship...
Developers embrace unitisation to fund real estate
In the property market where it has become increasingly difficult to obtain long-term financing, property developers are turning to alternative funding to shore up their portfolios.
How multiple taxation stifles real estate sector
Stakeholders in the real estate sector said the threat posed by multiple taxations to property development, consultancy and administration is huge and required urgent action