Agency Practice

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Agency Practice

Lagos State 2017 Budget- Multiplier Effect on Real Estate Values

The “Golden Jubilee Budget” coinciding with the State’s 50th anniversary is the largest budget ever by a Nigerian State. Expectedly, it emanated from the state with the highest grossing internally…

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Agency Practice

Lekki Gardens makes a comeback…

Lekki Gardens innovative offers got a lot of buzz in the market Lekki Gardens, the real estate development company with attractive marketing promotions and unmatched prices for its apartment units,…

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Real Estate Market
Agency Practice

How is the Real Estate Market Doing?

In its Q3 2016 Nigeria Real Estate Investment Report, MCO Real Estate focuses on this very pertinent question. Land Prime land prices have generally retained their value in Naira terms…

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Estate Agencies
Agency Practice

Solving Cashflow Problems for Estate Agencies through Letting

One of the top real estate agencies in Lagos place an advert in CASTLES Lifestyle last week, with only properties to let as the contents. In the same edition, another…

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Abandoned Properties
Agency Practice

LASG to Take Over Abandoned Properties in Victoria Island And Ikoyi?

The Attention of the Lagos state Government has been drawn to the growing number of abandoned properties (buildings/ structures) in ikoyi and Victoria Island which constitutes environmental hazard and poses…

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Agency Practice

Stephen Jagun: First IFMA Fellow from Africa

At the International Facility Management Association (IFMA)  World Workplace Conference in San Diego 2016, Stephen Jagun was awarded the IFMA Fellowship. This makes him the first one in Africa. According…

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Capital Appreciation
Agency Practice

Capital Appreciation in Tough Economic Times

It’s more likely for land valued at N1m to be valued at N1.2m (capital appreciation of 20%) in say twelve months than for a N100m plot to move to N120m…

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Housing
Agency Practice

Housing in Nigeria, 56 years on

56 years after independence, and it’s sad to comment that the Nigerian housing market is still in its infancy stage. Infancy infers lack of structure, dependence on external parties and…

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Lekki developers
Agency Practice

Accolades for top Lekki developers

Its good times for Nigeria’s real estate sector and more specifically the Chief Executive Officers (CEO) of two real estate development firms that have made their mark in the Lekki…

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Facilities Management
Agency Practice

6 Proven Ways to Align your Business Goals to your Facilities Management Objectives

Every business – either fortune 100 or Small and Medium Scale Enterprises (SMEs) – has some form of Real Estate and Facilities Management (REFLM) objectives. For some, it might be…

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GOVERNOR'S CONSENT FEE
Agency Practice

CALCULATING GOVERNOR’S CONSENT FEES IN LAGOS STATE

The following is required when calculating the Governor’s consent fee in Lagos State. REQUIREMENTS: 1.    Dated letter of application with address and phone Nos. 2.    Completed Form 1C (Sworn to)….

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Real Estate
Agency Practice

Nigeria Real Estate Market Review H1 2016… Northcourt

As the Nigerian economy shrinks and sits at the edge of being officially diagnosed to be in recession, the eyes of investors and occupiers have actively shifted to the resultant…

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