naija estate news

Facebook Twitter Google+ LinkedIn StumbleUpon Share via Emai Lagos, a metropolitan city in Nigeria, is known to have two divisions: the mainland and the island. Lagos is a hub of commercial activities and has a conducive environment for thriving businesses for both locals and foreigners alike. Major landmarks in the Lagos mainland are Ikeja, Alimosho and Yaba. These neighbourhoods reflect the unique hustle and bustle lifestyle that Lagos depicts.  However, contrary to popular belief about  Lagos mainland been not as desirable has the island: it  is a great place to live because of the following reasons:  TRANSPORTATION Public transport works.You can actually move around easily by public transport with little or no challenges. Transportation varies in form of  tricycle a.k.a Keke nape, BRT (Bus Rapid Transit), Danfo, Bikes a.k.a Okada, taxi e.t.c All these options are available at relatively   affordable  rates and you can travel long distances on a tight budget.

The House of Representatives Committee on Works, has expressed displeasure over the poor performance by the contractors handling a section of Bauchi-Gombe road. Mr Israel Ajibola, team leader of the committee, currently on inspection of road projects in the North-East region , spoke in an interview with the News Agency of Nigeria (NAN), on Sunday in Bauchi. Ajibola, who had earlier led members of the committee and journalists to various road project sites, said that it seemed the contractors had abandoned the project as they were nowhere to be found. “Their project, particularly Kirfi Junction portion of the road in Alkaleri Local Government Area of Bauchi, seemed to us that the contractors have abandoned the site. “We are not happy about it and we will not take it lightly; we are going to put up our recommendations to the Federal Ministry of Works. “ They either call the contractor back to site or revoke the contract so that the contract could be awarded to

The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has revealed why the Federal is hesitant to pay the whistle-blower who exposed the N13 billion found in an Ikoyi, Lagos apartment, by the Economic and Financial Crimes Commission . Sagay said the Federal Government does not want the whistle-blower to run mad at the sight of the huge sum of money, something he has not seen before. According to him, the government deliberately delayed the payment because he needed to be adequately counselled before such amount would be handed over to him. Sagay said if the commission, which the whistle-blower claims is N860m, was given to him immediately, he probably would have squandered it within a month or two. The presidential adviser told Punch that, “What I gathered from my inquiry is that the man is not sufficiently stable to receive such a huge sum of money. He is like someone who will almost run mental when he gets the money and will us

In what is likely the most interesting acquisition deal in the history of Nigerian internet startups, online property classifieds platform, ToLet just recently announced its acquisition of Jumia House for an undisclosed amount. Why is the acquisition interesting? It is barely a year ago since ToLet raised just over a million dollars in its Series A funding round. Jumia House on the other hand, is a subsidiary of a billion-dollar company. This raises the question of how ToLet was able to finance such an acquisition. By additional financing from an investor, it turns out. According to the press release Techpoint received, the acquisition is in conjunction with their existing investor — Frontier Digital Ventures (FDV) — and will merge the two platforms over the coming months, under the new name of PropertyPro.ng. Currently with over 60,000 property listings, ToLet will be adding Jumia House’s 22,000 listings, traffic, staff and other assets to its portfolio. Interestingl

Disclaimer Terms of Use A woman holds a sign as she and other evictees of Otodo-Gbame, a Lagos shanty town, march to press for relief and resettlement in Lagos on November 15, 2017. More than 30,000 people in Otodo-Gbame and the Ilubirin areas of Lagos have been made homeless in the last year. Amnesty International on November 14 published a new report into the evictions, branding them “unlawful” and calling for an investigation into claims of violence. / AFP PHOTO Police broke up a sit-in protest in Lagos early Thursday, dispersing hundreds of former slum-dwellers demanding compensation after being evicted from their waterfront homes. Some 600 people from the Otodo-Gbame area of the Nigerian megacity, including women and children, had earlier on Wednesday marched to the office of the state governor. They were among more than more than 30,000 people made homeless in the last year, as part of a move by the city authorities to remove shanty towns. At

A living room should be a place to entertain guests, as well as a space where you can relax and put your feet up. In this article culled from styleathome , we take a look at 1o of the best living room designs for your home.  Whether you’re relaxing after a long day or entertaining friends and family, the living room is just that – it’s where you live. Being a room that doesn’t require appliances, the space is completely reliant on its decor. Here are 10 different living room designs that showcase a variety of styles and personalities – all different and all of which we love 1.  Contemporary condo Playing off a black-and-white palette, designer Stacey Cohen adds sparkle through a gorgeous orb light fixture and silver nailhead detail she added to the sofa. The turquoise accents around the room are vibrant and playful, and give the living room that perfect pop of colour. 2. Hollywood glitz This eclectic living room marries vintage furniture with modern pop ar

According to a new study, metropolises in Germany now have the greatest potential for development in all of Europe. This is as a result of the emergence of Brexit. Germany can now be regarded as the best real estate investment location in Europe. On the flipside however, while this might be good news for investors, it also means that tenants face higher rents. The study, which was conducted by auditing firm PwC in cooperation with the Urban Land Institute, found that real estate investment volume over the past 12 months in Germany amounted to €68 billion. That is a significant rise from the country’s investment volume recorded last year: €54 billion. In the UK, on the other hand, investments have fallen from €66 billion to €64 billion. The study also found that German cities are among the metropolises in Europe with the greatest development potential. Four German cities ranked among the top six locations for investment and potential for development in 2018:

With one of the largest Diasporas in the world, Nigeria is trying to charm its citizens overseas to invest into the country’s property market through the Nigerians in Diaspora Housing Programme (NIDHOP), through which ‘Diaspora cities’ will be created across the country. The Nigerian Diaspora totals 15 million around the world, according to Abike Dabiri-Erewa, Senior Special Assistant to the President on Foreign Affairs and The Diaspora, in March 2017. Nigeria competes with India, the home country of the largest Diaspora in the world standing at 16 million, and other countries such as Russia and Mexico as one of the largest Diasporas globally. Furthermore, according to The World Bank’s Migration and Remittances, Fact book 2016, nearly USD21billion was sent home in 2014, making the Nigerian Diaspora the sixth largest in terms of remittances. Given these numbers, it comes with no surprise that the government is trying to lure the Diaspora to invest in Nigeria’s prop

Olatunbosun  Okpeseyi the CEO of Lord Cowries Limited, is a certified auctioneer, real estate mogul and a practicing barrister who loves to keep himself busy doing something new. In this interview with The Sun , he narrated how it all started in his university years. So how did you start? I started doing some of these things right from my university days. During our holidays, while others were relaxed, enjoying themselves or partying, I had a brother who had a flair for real estate, and so whenever I got back from school I would write letters, visit and inspect some of those and make my report, that’s how it started. So, immediately after school, you embraced real estate management , was it the money from it that attracted you? No, it wasn’t the money, it was more of something to do, it was more of breaking into new grounds, and also trying to be useful to a brother I admired.    You know it’s an opportunity to assist and be of great help to people. So I could say

The practice of estate surveying and valuation in Nigeria has been bedeviled with several challenges leading to negative public perception. In this interview, the second vice president of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) and the principal partner of Portharcourt based Emma Wike & Partners Emma Okas Wike, gives an insight on what the board is doing to address these challenges as well as the issues of land data in Nigeria. What would you say the Institution of Estate Surveyors and Valuers (NIESV) should do to encourage younger professionals who are embracing estate surveying and valuation profession? Presently, the council has introduced so many policies towards encouraging the young ones. What we want to do is to encourage our members to go into specialization and that is why the present council under the leadership of Dr. Bola Patunola-Ajayi is ensuring that we have several faculties. At the moment, we have 15 faculties. The esse

The Edo Development and Property Authority (EDPA) will from ending of this month embark on re-certification and rent recovery exercise of residents in its estates across the state. In a statement, the Executive Chairman, EDPA, Isoken Omo, said the exercise, which is expected to last for eight weeks, will target homeowners and estate residents. The affected estates according to him would include; Andrew Wilson, Evboriaria; Oregbeni, Federal Housing Estates I, II and III, Workers Village, C130 Estates, Ikpoba Hill. Others are Iguosa Housing Estate, BDPA Housing Estate, Ugbowo; Iyekogba and Ogbe-Ibya Estates. She said: “It has been observed that over time, a lot of issues such as illegal occupation, illegal construction, severe property neglect, huge arrears of ground rent, service charge and shop rent and squatters have been prevalent in the estates. There is an urgent need to curb this trend and set the pace for the future of our estates”. She noted that the exerc