UNDERSTANDING LAND TITLES IN LAGOS IN 2022 BEFORE YOU BUY A B C OF LAND TITLES Prior to the Land Use Act of 1978, the ownership of Lands was controlled by communal authorities (traditional families) who had powers to assign or rent it out to whom they deemed. By enactment of the Land Act, all lands (mostly in urban areas) became owned and controlled by the State government on behalf of the...

How to Conduct Land Searches in Nigeria The Real estate industry is an interesting space where over time we've had the good, bad and ugly. There are so many Stakeholders and industry players all justling to serve their differentiated interests. The Clients and Property Investors are most times on the receiving end of these good or bad intentions. When an investor successfully buys his dream home or...

Should You Buy a Land in Epe in 2022? There have been a lot of speculations about the Lagos Real Estate Industry in the past 3 years; we witness market trends move from city centres on the Island down to the North of the Lagos lagoon. We have heard so many noises of people singing the praise of investing in the Emerging Epe Real Estate Market. We hear about the rise in rental value in Epe, Lagos...

Why Mortgage in Nigeria is Very Expensive in 2022 Nigeria’s destabilizing mortgage system has been a central theme in its residential market for decades. A non-political Transnational Intergovernmental Organization, the International Human Rights Commission, IHRC, has lamented Nigeria’s growing number of homeless people, saying the country’s housing deficit now stands at 28 million. With a...

On Buying Real Estate in Nigeria (Better Safe than Sorry) It is better to be safe than sorry when buying Real Estate in Lagos or anywhere in Nigeria. Practically, the property is as good as the title (the legal right to a property), to such property. Every time a property changes hands, there is also a change in the title. Somewhere in the chain of transfers and transmissions of the property, certain...

How to Invest in Off-Plan Properties in Lagos Housing is a basic necessity for humans and its importance to welfare cannot be overemphasized. Unfortunately, access to affordable housing has continued to elude the average Nigerian. A number of schemes by government agencies and private institutions have been devised to make ownership of houses better cheaper and even more flexible than the traditional...

How to Invest in Real Estate as a Nigerian Youth Investing in real estate in your 20s in Nigeria today seems like a feat unattainable to most. Because at this age, many are in the pursuit of career development and searching for a better job. Investing in your 20s is not just a wise decision but also very possible. The advantages of investing in real estate in your twenties are numerous. You become...