Market trends, neighbourhood guides and practical know-how for buyers, renters and agents across Nigeria.
Nigeria Property Centre, the best website to find properties in Nigeria, today released popular places to rent a 3-bedroom apartment within Lagos state, Nigeria based on the extensive data and information found and listed on their website.
Fresh writing from our journalists and from agents who list with us.
News5 Dec 2013
There was so much excitement in the air several months ago when news filtered in that renowned global brands such as Wal-Mart, Woolworth et al were coming into Nigeria to do business. However it appears the duo of Wal-Mart and Woolworth are struggling to thrive in the profitable but shark infested business climate in Nigeria. There are strong indications that the aforementioned retail chains are set to pull out of Nigeria due to what they called ‘unfavorable business climate’.
News5 Dec 2013
There is some cheery news for prospective home/house owners in Nigeria. Nigeria’s Federal Executive Council recently approved the request of the Minister of Finance, Dr. Ngozi Okonjo-Iweala, to secure a $300 million loan from the International Development Association Housing Projects in Nigeria. Housing demand exceeds its supply and this has a multiplier-effect on rents. It is estimated that Nigeria needs more than 700,000 housing units annually as against the current 100,000 units available.
Renting & Letting24 Nov 2013
In the preceding part of this essay, I shared about six tips you need to consider, know while before renting an apartment/office space in Nigeria, here is five more points for you.
Renting & Letting20 Nov 2013
Searching for and renting an apartment in Nigeria is undoubtedly an arduous task. The Nigerian Public Space is awash with acerbic and nasty tales associated with renting. A lot of people have fallen and continue to fall prey to the caprices, schemes of some unscrupulous so-called "Estate Agents" and landlords hence the need to bring this to the front burner. A while ago, a family friend "lost" a substantial amount to a so-called "estate developer" that absconded with his money and that of five others.
Investment19 Nov 2013
There is no doubt that real estate is thriving and will continue to be attractive in Nigeria in view of the fact that our enormous population is truly devoid of sufficient accommodation. However it will help if we are a bit more savvy, discerning and not carried away by façade, sales pitch. Juxtapose the current Real Estate windfall with the boom and subsequent bust in Stock prices in Nigeria a while ago which sent some people to their early graves.
Buying & Selling16 Nov 2013
It is crucial to engage the services of a legal professional to carry out investigation at the land registry and surveyor-general's office to verify if the co-ordinates have not been flown(falsifying the survey plan by doctoring co-ordinates to read as free from all encumbrance whilst property falls within a government committed land) or if you're buying from the natives (Omoniles) make sure you are dealing with the principal/accredited members of the family.
Buying & Selling4 Nov 2013
Everyone knows that I have been a foremost promoter of doing a survey plan search with a surveyor before buying and if possible going to the land with an Alausa Surveyor to confirm whether it is free from acquisition or not. Well I also fell victim of dodgy surveyors I recommended to people that ended up colluding with the omoniles to decieve buyers and me. Such instances occured in Okun Ajah, Mopo Ibeju, Sangotedo, Ikorodu, lafiaji, Eputu, Akowonjo and Mowe.
Investment4 Nov 2013
Uninterrupted Power Supply- Yes Power Holding Company of Nigeria (PHCN) is been unbundled and privatized; there is hope that electricity supply will improve soon and this will resuscitate hitherto moribund businesses. Business ideas and careers entwined around uninterrupted power supply will witness a boom.
Investment4 Nov 2013
Because of the unprecedented terrorism, insecurity (kidnappings, armed robbery) challenges bedeviling Nigeria, the Security Industry (Provision of Private Guards, Sales of Security Gadgets) is a money-spinner. There is no sign that this insecurity miasma will abate anytime soon.
Investment16 Oct 2013
In the introductory part of this series, I drew your attention to some of the inherent challenges of doing business in Nigeria. I also gave examples of individuals that have excelled in the Nigerian Business environment. Herein are some of the fastest growing, business, investment and Career opportunities in Nigeria.
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