Supply and Demand:The balance between the number of properties available and the number of buyers influences prices and availability. Understanding this dynamic helps predict market shifts. 2. Economic Indicators:Factors such as employment rates, GDP growth, and interest rates impact buyers' purchasing power and market confidence. Monitoring these can provide insights into future market...
2024
When purchasing a property, it's crucial to be aware of all your potential expenses to avoid unexpected costs. Here are the five most important expenses you need to consider: Purchase Price:The most significant cost, the purchase price of the property, is the foundation of your budget. Knowing this upfront helps you determine if the property is within your financial reach and prevents over-extending...
Reasons Clients Buy a Property Investment Potential: Clients often purchase properties anticipating an increase in value, seeing real estate as a solid investment. Location Benefits: Proximity to work, good schools, or desirable neighborhoods can drive the decision to buy. Space and Amenities: More bedrooms, modern amenities, or additional features like a garden or pool can make a property...
Here are 5 important factors that influences future resale value of a property in Nigeria. Location: The geographic location of a property significantly impacts its resale value. Proximity to essential amenities such as schools, hospitals, shopping centers, and transportation hubs, as well as neighborhood safety and development prospects, can drive higher future resale values. Market Trends: Real...
Initial Research and Planning Identify personal needs and preferences (e.g., property type, location, budget). Conduct preliminary research on market trends and property options. Set a realistic budget and explore financing options. 2. Engaging a Real Estate Agent Contact and hire a reputable real estate agent with local market expertise. Discuss your needs, preferences,...
Investing in off-plan properties has become an increasingly popular option for savvy real estate investors in Nigeria. These pre-construction investments offer the potential for substantial returns, often at a lower entry cost compared to completed properties. However, navigating the off-plan market requires careful consideration and strategic planning. Here are five crucial factors to consider when...
…Recognizes Rachel Ushebi-Okafor as Top Realtor in Nigeria Geoponts Properties Limited, a fast-rising real estate advisory company, has proudly received the title of the most distinguished brokerage firm in Lagos at the esteemed Real Estate Excellence Awards (REEA), hosted by Beta Media in a distinguished ceremony in Lagos, Nigeria. This accolade crowns the ongoing success This accolade crowns the...
The real estate market in Nigeria has faced many challenges, including affordability, accessibility, and reliability. However, emerging realtors like Rachel Ushebi Okafor, founder and CEO of Geoponts Properties Ltd, are making strides in addressing these issues. Rachel’s determination, drive, and focus have positioned Geoponts Properties Ltd as one of the fastest-rising real estate companies in...
The best time to buy in the real estate market can vary depending on various factors,including location, economic conditions, and personal circumstances.However, there are a few general considerations to keep in mind: Off-Peak Seasons: Typically, the off-peak seasons, such as late fall and winter,can be advantageous for buyers. During these times, there may be fewer buyers inthe market, leading to...
Geoponts Properties, rooted in Lagos yet reaching clients around the globe,She is celebrated for her unwavering credibility in the realm of real estate. A quest for the best real estate company in Nigeria is incomplete without factoring inGeoponts Properties. With a credibility second to none, she is a go-to company for any client looking toacquire a property with ease and peace of mind in a...