Archives for September 2018

Problems Of Real Estate Agency In Nigeria

The Problems & Solutions In Real Estate Agency Practice In Nigeria

Gazumping:
Gazumping occurs when a buyer has made a verbal agreement with the seller of a house to purchase that property at a given price. However, in the intervening period between the verbal agreement being reached and a sale agreement being signed and deposited upon (the point at which the offer‘s acceptance becomes legally binding) the seller receives a higher offer from another would-be Purchaser and accepts that instead‘The original buyer, who thought he had a deal, has been gazumped.Continue Reading

Leaving or Quitting Your Rented Apartment In Nigeria?

Many things contribute to ending a tenancy and eventually unless you buy the property, every tenant would leave someday. Everything that has a beginning has an end.
Hopefully every tenant has been helped out of many seemingly impossible situations and can now sleep more peacefully and live better.

A. SO WHY ARE YOU LEAVING?

The best reason to leave rented accommodation as a tenant is when you have built or bought your own house and can finally be the proud owner of your accommodation.Continue Reading

LekkiVale Estate Land For Sale Bolorunpelu Onigbedu, Ibeju Lekki Lagos

LekkiVale estate is being developed by Sevic property development companies and marketed by RealPro agency.
LekkiVale Estate prides itself in having so much more than the typical estate developed in this Lekki peninsula.Continue Reading

How Serviced Apartments Work In Nigeria

A serviced apartment is simply a fully furnished apartment, which offers long or short-term stay options. In the past, serviced apartments were not so common in Nigeria but they are increasingly becoming more popular. There are several serviced apartments located in different parts of Nigeria. Their popularity probably stems from the benefits derived in staying in such apartments compared to lodging in a hotel. Since they are designed and furnished like a proper home, serviced apartments are usually very spacious and comfortable for occupants. This is especially true for occupants with large families. Serviced apartments also afford its occupants some level of privacy that hotels do not provide.Continue Reading

Why Investors Who Buy, Sell or Lease Properties Hire Estate Agents

Reasons for Hiring Estate Agents

Different investors have different reasons for engaging agents; often one investor says something that is the exact opposite from what others say. Even if the main reason for why investors are using agents varies, some of the reasons occur more often which are summarized below:Continue Reading

Lagos State Committed To The Success Of Ibeju Lekki Projects

Every administration that is brought into power in Lagos has promised that they will do everything within their power to make sure that the projects in the Ibeju-Lekki axis turns out to be very successful. Governor Akinwunmi Ambode not so long after he was sworn into office paid a visit to the Lekki Free Trade Zone to see how the developmental plans were coming along. In addition the Lekki-Epe express is currently undergoing expansion.Continue Reading

Invest In Ibeju Lekki’s Free Trade Zone, Elerangbe & Lekki-Epe Expressway Axis

Invest In Ibeju Lekki’s Free Trade Zone, Elerangbe & Lekki-epe Expressway Axis

Ibeju-Lekki is one of the most talked about areas when it comes to Real estate and the reason is not far fetched. Ibeju-Lekki comprises of the Lekki Free Trade Zone, Lekki Deep Seaport, Dangote Refinery and Petrochemical Industry, Dangote Fertilizer Plant, International (Cargo) Airport, Lekki International Golf Course, Pan Atlantic University, Eleganza Industries amongst other notable developments. This is the reason why it is one of the most sought after area by property investors and developers. It is so profitable to invest in Ibeju-Lekki and soon because the prices increase almost on a daily basis.Continue Reading

Real Estate Recorded Marked Improvement In H1

During the first half of 2018, the Nigerian economy had significant improvements and the real estate sector also experienced this growth. Northcourt, a real estate investment solutions company, said that their findings have led to the conclusion that the different subsectors of real estate sector which includes, residential, retail, office, hospitality and industrial subsectors had a stabilisation of rents, revival of some abandoned projects and the starting of new ones, which is a direct opposite to H 1 2017.Continue Reading

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