Lagos is a hub of entertainment and entrepreneurship, attracting both indigenous and immigrants who come for conferences, tours, and other bubbling events. The rise in demand for apartments in Lagos isn’t surprising because of the number of visitors who troop in daily. People from all continents come for different reasons, and when they do, they...
If you are interested in buying a plot of land for your dream home, and you find a seller who seems trustworthy and the price is good, you should still verify the land title. You can visit the Land Registry and find that the seller’s name doesn’t match the name on the title, this saves...
Location: A desirable location with high demand, good schools, proximity to amenities like shopping centers, hospitals, and public transportation will significantly impact rental income and property appreciation. For example, an apartment building near a university or a popular tourist destination will likely have higher rental demand and stronger appreciation potential. 2. Property Value: The initial...
Retail real estate refers to any property used for commercial activities related to selling goods or services directly to consumers, such as shopping malls, strip malls, department stores, grocery stores, restaurants, and even gas stations. Types of Retail Real Estate Shopping Malls: These are enclosed centers with a variety of stores, restaurants, and entertainment options....
Inflation in action is the general increase in prices over time, real estate inflation is the same concept, but applied to the housing market. It means that the prices of houses, apartments, and other properties are steadily rising. Types of Real Estate Inflation Demand-Pull Inflation: This happens when there is a high demand for properties...
Zoning Regulations In Nigeria Have you ever wondered why your neighbor can’t open a nightclub next door or why you can’t build a factory on your residential property? The answer lies in Nigeria’s zoning laws, these essential regulations determine how land can be used within specific areas, safeguarding both property value and community wellbeing. In...
Everyone definitely wants to travel for summer holidays or just a simple vacation to visit historical places in the world. A country like Nigeria can be referred to as a tourist attraction center with a rich cultural heritage. There are many historical places in the country that give tourists unique and authentic experiences. The growing...
One of the many ways of making profit in real estate is ‘House Flipping’. Like the word ‘Flip’, it is like the property investor made a turn around decision to sell the property rather than keeping it for personal use. You buy a property (especially an old one), rehab it into a good condition, then...
Real estate investment can be a lucrative business, but it also comes with its fair share of risks. To increase your chances of successful investment and avoid costly mistakes, it is important to approach it with a strategic mindset. In this blog post, we identified five (5) major ways to avoid making mistakes and safeguard...
Every major investment has its level of risks, and there is no exception when it comes to real estate. While real estate investments offer a relatively lower risk compared to stocks, it is important to understand that no investment is entirely risk-free. To maintain this low level of risk, investors need to understand what they...
