Edo state government has urged the Nigerian Institution of Estate Surveyors and Valuers (NIESV) to partner in actualising the state’s 30-year development plan. Governor Godwin Obaseki, who received the 24th President of NIESV, Sir Emmanuel Wike and other members of the association, on a courtesy visit at the Government House, Benin City, described NIESV as a catalyst to the economic development of any...
Contracts
• Over N250b received by the housing ministry • Housing agencies exonerate selves from poor bookkeeping • Anti-corruption agencies blamed for lack of monitoring • Sector reflects nation’s opaque budgeting, governance, says CSJ • Housing industry needs reform, audit, says CODE • Activists seek N’Assembly public hearing on ministry Despite budgeting billions of naira for new housing...
Property Tax Definition According to Wikipedia, A property tax or millage rate is an ad valorem tax on the value of a property. In the OECD classification scheme, this includes households recurrent taxes on immovable property and net-wealth, taxes on estate, inheritance and gifts, and taxes on financial and capital transactions. what is property tax in Nigeria? A property solely occupied by the...
Selling your home doesn’t have to be a long and complex process. And from our experience, we know that there are certain aspects that can speed things along. So, here are our top 10 tips to sell your property quickly. There are many things you can do to speed up your sale and following these tips may help you along the way. 1. Always Be ready to sell The majority of buyers will be in a chain (i.e....
Mortgage trends in Nigeria 2021 1. Maximum Mortgage Loan for Home Seekers The Central Bank of Nigeria (CBN) pegged the overall mortgage loan for home seekers at N50 million barely 2 months ago. The highest mortgage loan is targeted at home-seekers in the informal sector as part of the Nigerian Housing Finance Programme (NHFP). The Guideline for Universal Subscription Requirements for the Informal...
In real estate transactions, parties always exchange correspondences before the actual sale is consummated. In a real estate transaction, a prospective vendor negotiates with the hope that before a contract is concluded, another person with a better offer might show interest in the property. On the other hand, the purchaser negotiates with an eye on a better property at a more inviting term. As a result...
