What to Do If Your Home Is Losing Value Homeownership is often considered a cornerstone of financial stability and an investment in the future. However, the real estate market can be unpredictable, and homeowners may find themselves in a situation where their property is losing value. While this can be disheartening, it’s essential to approach the situation strategically and proactively….
Exploring the Possibilities for Low-Income Earners in Homeownership In the realm of real estate and homeownership, a question that often arises is whether low-income earners can realistically build a home. This blog delves into the various factors influencing this scenario, shedding light on potential solutions and avenues for those with modest incomes to embark on the journey of homeownership. Read…
In the realm of Nigerian real estate, a crucial document stands as a testament to property ownership and legality – the Certificate of Occupancy (C of O). This legal instrument, often abbreviated as R of O (Right of Occupancy), plays a pivotal role in defining and safeguarding property rights. In this article, we delve into the significance, process, and implications…
The International Real Estate Federation (FIABCI), Nigeria Chapter, is urging both federal and state governments to revitalize the real estate industry through the implementation of new policies and initiatives. This call came during the 50th anniversary celebration of FIABCI-Nigeria Chapter in Lagos, themed “Repositioning Real Estate Industry for the Future: Ethics, Affordability, and Sustainability.” Read also: ENHANCING COMPLIANCE WITH BUILDING…
Real estate and mutual funds are popular investment options, each with its unique characteristics. Let’s explore the key differences between these two avenues. Real estate involves tangible assets such as land and buildings. When you own real estate, you possess physical properties and the associated legal rights. This includes the right to use, control, exclude others, enjoy, and dispose of…
The realm of real estate, while promising profitable prospects, regrettably has also evolved into a breeding ground for scams and fraudulent schemes. As a prospective buyer or investor, it is crucial to be vigilant and well-informed about these scams to safeguard your hard-earned money and secure your real estate aspirations. In this article, we will delve into strategies for recognizing…
The administration led by President Bola Tinubu has introduced a series of policies that are having a far-reaching impact on both the people and the economy. Over the past five months, these policies have been attributed to the rising cost of living, diminished national productivity, struggling businesses, substantial job losses, and a resulting increase in poverty and hunger. In the…
Olugbenga Ismail, serving as the Chairman of the Lagos branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), placed a significant emphasis on the importance of physical and mental well-being in the real estate profession
As a fulfilment of his promise to think outside the box to find a solution to Nigeria’s humbling housing problem, Ahmed Dangiwa, minister for housing and urban development, has come up with an innovative initiative aimed at boosting housing affordability. The initiative, known as cross-subsidy, is an important policy tool used by governments and urban planners to address housing affordability…
Stakeholders within the construction and housing industry have united in their call for a fresh approach to housing development in Nigeria, one that prioritizes the creation of affordable homes for the nation’s citizens. They argue that the government must adopt innovative strategies to secure funding and attract private sector investments, as the current budgetary allocations are woefully insufficient to address…
