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Real Estate Investment Trusts (REIT) A REIT is a company that invests in real estate and distributes its income to shareholders e.g SkyeShelter REIT, UNHOMES/GMA REIT.

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  #1441 (permalink)  
Old 29th January 2013, 02:33 PM
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Default Re: future of real estate?
Quote:
Originally Posted by gbengus View Post
Oga Emman, what is happening to Abijo Gra, bought in 2009 total cost N9m. In hindsight it was a bad investment,should have bought shares instead. I have not done the COFO yet.Should i just leave it there and let it appreciate?

Abijo is less than 5 minutes drive from my side, I have a property opposite Fara Park estate.

Who sold the property to you, the Scheme was a Lagos State project. The price was on the high side in 2009.
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  #1442 (permalink)  
Old 29th January 2013, 03:31 PM
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Default Re: future of real estate?
Credo, First Bank launch N8b Princes Plaza
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  #1443 (permalink)  
Old 29th January 2013, 03:32 PM
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Default Re: future of real estate?
Stakeholders seek panacea to national housing deficit
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  #1444 (permalink)  
Old 29th January 2013, 03:33 PM
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Default Re: future of real estate?
Committee, experts task homeowners on land titling, registration
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  #1445 (permalink)  
Old 29th January 2013, 03:33 PM
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Controversy trails Bakare’s estate as litigation rages on
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  #1446 (permalink)  
Old 29th January 2013, 03:35 PM
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Quote:
Originally Posted by emmanuel ewumi View Post


Do you have a will? That is why it is good to have a will when one is still alive.
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  #1447 (permalink)  
Old 29th January 2013, 03:37 PM
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Default Re: future of real estate?
Housing deficit: Experts to consider new construction method — The Punch - Nigeria's Most Widely Read Newspaper
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  #1448 (permalink)  
Old 29th January 2013, 04:00 PM
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Default Re: future of real estate?
Quote:
Originally Posted by emmanuel ewumi View Post
Abijo is less than 5 minutes drive from my side, I have a property opposite Fara Park estate.

Who sold the property to you, the Scheme was a Lagos State project. The price was on the high side in 2009.
Thanks, bought direct from the LASG,i am presently in Mama Charlie's land, so the process was done by a friend.
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  #1449 (permalink)  
Old 29th January 2013, 04:16 PM
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Default Re: future of real estate?
Quote:
Originally Posted by gbengus View Post
Thanks, bought direct from the LASG,i am presently in Mama Charlie's land, so the process was done by a friend.
Those guys at Bureau of lands must have added to the sum you paid, i don't think you should pay more than 5 million Naira for the land in 2009.
Last edited by emmanuel ewumi; 30th January 2013 at 07:12 AM.
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  #1450 (permalink)  
Old 29th January 2013, 05:28 PM
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Default Re: future of real estate?
Dubai Suitcases of Cash Circumvent Loan Rules: Mortgages - Bloomberg


Hmmm...............I do remember reading somewhere, and it stated our people have the same rep in other cities
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  #1451 (permalink)  
Old 30th January 2013, 06:40 PM
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Default Re: future of real estate?
Lagos Has 475 Million Houses - Jeje
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  #1452 (permalink)  
Old 31st January 2013, 10:46 AM
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Default Re: future of real estate?
Quote:
Originally Posted by hispy99 View Post

According to the report 3 million houses are residential, while 1.75 million houses are Churches, Mosques and for commercial purposes.


With 3 million residential houses, i don't think we should have accommodation problem in Lagos.
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  #1453 (permalink)  
Old 31st January 2013, 11:50 AM
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Default Re: future of real estate?
Brick Homes woos investors to The Point apartments
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  #1454 (permalink)  
Old 31st January 2013, 12:17 PM
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Default Re: future of real estate?
U.K. House Prices Rise on Lending Boost From BOE Credit Plan - Bloomberg
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  #1455 (permalink)  
Old 2nd February 2013, 10:20 AM
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Default Re: future of real estate?
Lagos Blazes Trail on Affordable Housing, Articles | THISDAY LIVE
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  #1456 (permalink)  
Old 2nd February 2013, 10:27 AM
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Default Re: future of real estate?

Lagos, he argued does not have a housing shortage. “The missing word is not lack of houses but lack of affordable and sustainable housing delivery. That is what we intend to solve as long as we remain leaders of this state. This is why we started with the law because some may ask why the law? If there is no institutional framework, there is no regulatory framework; there can’t be uniform practice.”
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  #1457 (permalink)  
Old 2nd February 2013, 10:29 AM
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Default Re: future of real estate?
Quote:
Originally Posted by emmanuel ewumi View Post
Lagos, he argued does not have a housing shortage. “The missing word is not lack of houses but lack of affordable and sustainable housing delivery. That is what we intend to solve as long as we remain leaders of this state. This is why we started with the law because some may ask why the law? If there is no institutional framework, there is no regulatory framework; there can’t be uniform practice.”
How can it be affordable when one considers the cost of land, cost of perfecting title to your property, property tax, land use tax, building approval charges etc.
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  #1458 (permalink)  
Old 2nd February 2013, 05:15 PM
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Default Re: future of real estate?
New York City Housing Trails National Rebound: Cutting Research - Bloomberg
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  #1459 (permalink)  
Old 3rd February 2013, 11:12 AM
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Default Re: future of real estate?
Why stolen funds are funnelled into Abuja – Estate valuer
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  #1460 (permalink)  
Old 4th February 2013, 06:40 AM
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Default Re: future of real estate?
Housing deficit: Experts canvass new construction system - The Punch - Nigeria's Most Widely Read Newspaper
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