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Property news, tips & advice.

Market trends, neighbourhood guides and practical know-how for buyers, renters and agents across Nigeria.

Featured Home & Lifestyle

A Case for Home Insurance in Nigeria

The Insurance sector is no doubt a multi-billion dollar industry. Simply put, insurance is a protection, an indemnity against future loss (Wordweb). The Real Estate industry, properties and home appliances in Nigeria are grossly under-insured. With a population of about 170 million people, there is no gainsaying the fact that there is a big market for insurance in Nigeria.

Don Okereke 11 Mar 2014 · 2 min read

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News5 Mar 2014

Abuja Court Orders Forfeiture of Property over Pension Scam

The Economic and Financial Crimes Commission (EFCC) on 4/3/2014, secured a court order for the forfeiture of Brifina Hotel located at plot 1106 Cadastral Zone BO2, Durumi District, Abuja. The EFCC was able to establish that the property was bought with stolen pension funds embezzled by an erstwhile Director in the Pension department of the Office of the Head of Service, one Dr. Sani Shuaibu Teidi.

D Don Okereke 2 min read

News5 Mar 2014

30 Winners Emerge at Lagos HOMS Maiden Draw

The Lagos state Government is undoubtedly walking the talk with its housing g initiative called Lagos Home Ownership Mortgage Scheme (Lagos HOMS). We told you a while ago in one of our articles that Lagos HOMS will offer Lagos residents an opportunity to own their own homes through mortgage payments spread over 10 years.

D Don Okereke 2 min read

News5 Mar 2014

Federal Housing Authority Earmarks 25,000 Housing Units in Abuja

Things are really looking up in the Nigerian Real Estate sector with various Stakeholders churning out programs aimed at providing affordable homes especially for low income earners. The latest in this fray is the Federal Housing Authority (FHA) which is gearing up to commence work in different parts of Nigeria beginning with the New Town Project in Bwari, near the Federal Capital Territory, Abuja.

D Don Okereke 2 min read

News4 Mar 2014

Three-Storey Building Collapses in Nsukka, Enugu State

Prompted by a prevalence of building collapse in Nigeria, I penned an article titled - "Stemming The Tide of Building Collapse in Nigeria". I wrote that Piece a couple of days ago not knowing another building collapse was in the offing at Enugu State. In the aforementioned essay, I sought the opinion, input of experts in identifying the causes and proffering solutions to the recurring trend of building collapse in Nigeria.

D Don Okereke 2 min read

General20 Feb 2014

The State Owns Your Land - Lagos State Government Tells Oku-Idasho Villagers

In my article - "Making the Process of Buying Property in Nigeria Less Cumbersome", I posited that by virtue of the Land Use Act of 1978, all lands in the respective States of Nigeria, belongs to the State government. In the light of this, it is the prerogative of the State governor/government to determine what a piece of land can be used for.

D Don Okereke 2 min read

Investment18 Feb 2014

Why Invest in the Nigerian Property Market?

For a lot people within and outside Nigeria, it is a country that is relies on oil through and through. We would be nothing without oil, right? Well, you will be pleased to know this is not true, especially today. Did you know, for instance, that the Gross Domestic Product (GDP) grew by about 6.9% in the third quarter of 2013 largely because of the increased contribution of the non-oil sector? What is more, real estate services hold a significant position in this particular sector.

P Patrick Osiegbu 3 min read

News12 Feb 2014

Fraudulent 'Property Developer' Dupes 100 People of ₦52 Million

Some folks don't just get it when we whine about the prevalence of unscrupulous property agents and property scams in Nigeria and the need for one to 'shine his/eyes well well' before parting with his/her hard earned money in the name of renting, buying a property.

D Don Okereke 2 min read

General10 Feb 2014

Caveats Against Buying or Renting a Problematic Property

Prevention they say is better than cure. In the light of this, this essay is an attempt to tack together, some salient and not so salient points to note and where possible to avoid while shopping for a real estate. It takes an old hand to swiftly decipher loopholes or issues that may rear their ugly head after a prospective buyer of a property may have taken the plunge.

D Don Okereke 3 min read

Buying & Selling9 Feb 2014

Need for Due Diligence Before Buying Property in Nigeria - Part II

As we say in our local parlance over here, "shine your eye well well" before you part with your hard earned money for a property or before you sign the dotted lines. Here are issues, booby traps you must consider and sort out before you take the plunge:

D Don Okereke 3 min read

News7 Feb 2014

Governor Fashola Launches Home Ownership Scheme for Lagosians

Citing his governments desire to encourage low income Lagos residents to own homes without much stress, the Lagos State Governor, Mr. Babatunde Raji Fashola on Monday 03/02/2014 flagged off the Lagos Home Ownership Mortgage Scheme (LagosHOMS). Mr. Fashola said LagosHOMS is part of his administration's solution towards reducing the acute housing deficit in Lagos State.

D Don Okereke 3 min read

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