“Though home buying is a necessity, there is also an alternative to it, which is renting; so when people cannot buy they will opt to renting and when you consider the slow response of buyers to properties in recent times it only implies a stronger rental market in 2015,” Ajayi said   Expectations are high that rental activity in Nigeria’s pr...
  Property owners in the UK are slashing their asking prices as the property market stagnates in a desperate bid to sell, according to new research.    Around 36.4% of sellers have reduced the amount they are asking for their property at least once since August with the average property reduced   by 6.1%, the equivalent of nearly £16,000, the stu...

Reviewing the Land Use Act

Published in Articles
Thursday, 09 December 2010 17:01
  The ongoing strident calls for the review of the 1978 Land Use Act cannot be ignored. Contrary to its initial objectives, the law is widely seen today   as a major obstacle to development. The National Pension Commission recently demanded an urgent review of the Act to make land available for   building and other developmental purposes. The Dir...
Real estate investments in Nigeria have overtime been described as possessing good economic risk-hedging characteristics providing an aggregate turn over performance than most alternative investments. Initial perception paraded by certain players in the property market in Nigeria, especially in major cities was that property prices and demand for p...