Housing Deficit: Taming The Monster In Mortgage
by Geoff Iyatse HOUSING has been a major challenge in Nigeria due to poor mortgage system, unfavourable land policy, high cost of building materials and lack of technical/manpower capacity. Different administrations have adopted different approaches aimed at addressing these multiple challenges while emphasis has been on mortgage.
Property transactions: Buyers beware!
One of the important legal concepts that govern the relationship between a buyer and a seller is that of ‘caveat emptor,’ a Latin phrase that means ‘let the buyer beware.’ In simple terms, it means that in a sale transaction, the buyer should take reasonable precaution to investigate and consider the product he or she […]
What is Affordable Housing?
By S. Odia We are trying to establish what true ‘affordable housing’ should look like in the Nigerian context. Local housing experts & practitioners have bandied around expressions like ‘mass’, ‘social’, ‘public’ & ‘affordable’ housing for some time. However, the concept of ‘affordable housing’ that is affordable to only 5 -10% of the population is […]
Making Money From House Flipping
MAKING MONEY FROM HOUSE FLIPPING: A CASE STUDY OF ABRAHAM ADESANYA ESTATE, AJAH, LAGOS by Patrick O. Ogungbola, MD/CEO, BLUEHEDGE REALTORS House flipping involves the purchase, renovation and sale of a property for a profit. The object of house flipping is to buy, renovate and sell a property in the shortest amount of time possible […]
Where to Buy Cheap Lands in Lagos and Resale for Huge Profit
By D. Omeh Landed property business is currently booming in Lagos and most other parts of the country and will continue booming for a very very long time. It is the easiest and my choicest aspect of real estate business and I am beginning to invest in it real good. A land you purchase this […]
Buying Land in Nigeria
by O. Onyehara Here are some things to consider before you buy any piece of land in Nigeria:
Is Real Estate in Nigeria Over-Valued?
by D. Okereke Recall the good old days of Real Estate boom in £the United States of America? Now fast forward to the current situation of depreciating prices in the US, Dubai and other places. Some analysts contend that the current recession, depression bedeviling the United States and the rest of the world is inter […]
Flipping: Remodeling for Resale
by Pat Curry If you’re in the market to buy a house to rehabilitate for profit — also known as “flipping” — you’ll need to play it smart. Here are some common errors as well as the best approach.
Beware of High Interest Rate Mortgages (scenarios where it may make sense)
by Castles Lifestyle Accessing a mortgage facility in a high interest rate environment is very tricky. You’ve got to calculate your risk and ask yourself a lot of questions: Can I afford it? Can I afford it long-term? Do I have the discipline to sustain the repayments? Why should I do it now? Etc.
The Best Place To Buy Properties In Nigeria
by Lekki Property The best place to buy properties presently in Nigeria that will yield you high and fast returns on investment is in Lekki Peninsula. Lekki is situated in Eti-Osa LGA and Ibeju-Lekki LGA of Lagos State. Lekki is a haven for both cheap and expensive properties and abode for most of the expensive […]
