Despite encouraging and evolving trends in the property market, Nigeria is experiencing rapid urbanization in cities and other issues hindering the growth of the real estate sector. In addition, the monetary and fiscal measures are able to largely dampen the COVID-19 effect on households’ income and residential markets as well as the devaluation of commercial property portfolios. To overcome these...
The Oyo State Governor ‘Seyi Makinde has commenced the payment of Land Use Charge by paying bills on his private properties, urging property owners in the state to follow suit. The governor, who spoke after the 11th Executive Council meeting in Ibadan, maintained that the payment of the charge would help the government to generate additional revenues to develop the state. A statement by the Chief...
Housing estate in Enugu Enugu State Government has said it is determined to provide shelter for prospective homeowners in the state, saying it will deliver about 1,500 housing units for low and middle-income earners before the end of the year. General Manager of the Enugu State Housing Development Corporation (ENSHDC), Chiemelie Agu, told The Guardian that having built 10 estates for the rich,...
The opportunities created amid the COVID-19 pandemic have raised optimism that the residential, construction and industrial segments of real estate market are to drive the sector’s growth, while yielding good returns for developers, investors and landlords, according to Nigeria Real Estate Report 2021. The report by Ubosi Eleh and Company said the demand for residential real estate is expected to...
Real Estate Agent Training If you are asking yourself what type of training a real estate agent needs, you may be thinking about pursuing a career in the field — either as your first job or as a significant move from your present occupation. While training differs from state to state, there are four basic requirements that all real estate agents in Nigerian must meet: Age requirements – Depending...
Speaking during the inaugural meeting of members of the committee, the Special Adviser to Governor Sanwo-Olu on Housing, Mrs. Toke Benson-Awoyinka, explained that the committee’s mandate was to design a policy and fiscal framework, institute and promote global best practices in the sector. She said one of the lessons learnt from the outbreak of COVID-19 pandemic was the need to create and develop a...
