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...
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...
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...
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...
For land to become a home, it must go through a development process . One of the development stages it undergoes is the property construction. In this blog post, we discussed property construction, one of the major services provided by Sterling Homes. What is Construction in Real Estate? Construction, a key element in real estate...
Real estate offers a variety of financial benefits that make it an attractive option for both seasoned investors and those new to the market. In this blog, we highlighted financial reasons that make real estate a worthy investment for you and your financial future. Stable and Potential Returns: Unlike other investments, especially financial stock that...
Have you ever wondered why properties in certain areas seem to always appreciate in value? You will hear some people insist on purchasing their property at specific locations, saying ‘it’s either that place or nothing’. It is because these areas have historically proven to be excellent investments, appreciating in value over time. Properties in prime...
Different types of real estate properties offer unique investment opportunities and challenges. In this blog post, we identified key factors investors should consider when contemplating between commercial and residential real estate investment. Understanding these key differences will help you make better decisions on your real estate journey, whether you are a seasoned investor or a...
