When it comes to building wealth, real estate is often hailed as one of the safest and most profitable investments. But real estate isn’t the only option out there. Although it exhibits a lot of the qualities of a good investment, many financial advisors will tell you that there are other ways to grow your money, some of which promise impressive returns, maybe even better than property...
You have heard it time and again that Real Estate Investing beyond being lucrative in terms of ROI when done correctly, but also happens to be one of the safest way to invest with a guaranteed hedge against inflation and currency devaluation. But then, not all properties are created equal. While some generate steady income and appreciate over time, others can become liabilities disguised as opportunities....
If you've ever searched for a home, a piece of land, or commercial property in Lagos, chances are you’ve found yourself asking the same question everyone else does: Why is real estate in Lagos so expensive? With soaring prices in places like Lekki, Victoria Island, Ikoyi, Ikeja and even other parts of mainland Lagos, it often feels like you need a fortune just to get a foot in the door. But here's...
So you’re looking to buy a landed property in Nigeria without proper documentation? That is like proposing to your spouse without a ring... or a surname. You might get a yes, but chances are you'll end up in drama you didn’t sign up for. In the Nigerian real estate market, documentation isn’t just paperwork formality, it’s your shield, your sword, and sometimes, your parachute. Yet, too many...
The numbers are in, and they’re sobering. Lagos State, the commercial nerve center of Nigeria, is grappling with a housing deficit that has now crossed 3.4 million. This means that over 70% of the state’s population live in rented apartments, with thousands more in precarious or inadequate housing conditions. As Nigeria’s most populous city, Lagos continues to attract migrants from across the...
Ikate Elegushi, often referred to simply as "Ikate" is one of Lagos’s most prestigious residential hotspots. Once a quiet settlement of farming communities and traditional custodians like the Aworis, who traded fish, palmoil and other farm produce, Ikate has transformed into a sought-after middle-to-upper income enclave within one of Nigeria’s fastest-growing urban corridors . This area seamlessly...
When investing in property in Lagos, Do Your Due Diligence!!! 🛑Before purchasing any property particularly in areas like Lekki, Ajah, and Ikate, it's crucial to exercise caution and conduct thorough due diligence.One major pitfall to watch out for is purchasing a property that may be situated on a canal, drainage route, or government-marked waterway. These areas are often prone to flooding and may be...
Real estate is one of the most talked-about investment options in Nigeria, and It is a proven way to build wealth, preserve value, and create long-term income. But like every investment, real estate comes with both opportunities and challenges. Let’s break down the cons and pros of investing in real estate, and most importantly, show you how you can avoid the pitfalls and maximize your...
In Nigerian real estate, three letters often hold a god-like status in the minds of buyers: C of O, short for Certificate of Occupancy. To many, it’s the gold standard of land ownership, a shield against legal troubles, and the ultimate document of legitimacy. But what if I told you that while a C of O is important, it is not an absolute guarantee of safety for your real estate investment? Yes, you...
There’s a quiet shift happening in Lagos, one that could reshape who gets to call this city home. A recent report has revealed that over 40% of residential homes in Lagos are now owned by investors, not individual homeowners. That statistic may seem harmless at first glance, but if you're a first-time homebuyer, it holds a deeper message: the longer you wait, the harder it might become to own a home in...
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