The growth of the housing sector and access to homes in Nigeria face numerous challenges, with a significant issue being the complexity of taxes affecting developers and building materials producers in the delivery of end-products. Experts assert that reforming industry taxes and implementing interventions will play a pivotal role in improving homeownership. Governments at both federal and state levels are…

The dream of owning a home in Nigeria faces considerable challenges, ranging from political policies and high inflation rates to limited accessibility and imposing interest rates from lenders. In a nation where homeownership is currently pegged at a mere 10%, compared to 72% in the US and 78% in the UK, the hurdles of rising construction costs, soaring land prices,…

The journey to homeownership is a thrilling and fulfilling experience that demands a clear plan and realistic expectations…

The commitment to transformative reforms in Nigeria’s housing and urban sector has been reiterated by the Minister of Housing and Urban Development, Ahmed Dangiwa. Emphasizing the Ministry’s dedication to reshaping the narrative of housing and urban development, the Minister highlighted the exploration of creative solutions for implementing necessary reforms. Read also: Navigating a Declining Market In a statement by the…

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…

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…

In the midst of the third edition of the Real Estate Summit, known as TERRApy 3.0, experts emphatically underscored the paramount importance of trust and integrity in mitigating the growing concerns of fraud and substandard structures within Nigeria’s real estate sector. This significant event, hosted in Lagos and meticulously organized by Terra Developers Ltd, bore the thought-provoking theme “Realtor Odyssey…

Estate surveyors and valuers have received a strong recommendation to make bookkeeping a top priority within the real estate business, in their quest to maximize profits.