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8 Reasons Why You Need to Buy Property in Nigeria in 2025 by Adesina Mobarak

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As we step into 2025, the real estate market in Nigeria continues to show immense promise for savvy investors and potential homeowners.  Despite challenges in the past, the opportunities today are ripe, with market trends indicating a golden time for purchasing property in the country.  Here’s why you should consider investing in Nigerian real estate this year. 1. Strategic Economic Growth Nigeria’s economy is gradually stabilizing, with significant government investments in infrastructure and urban development. Cities like Lagos, Abuja, and Port Harcourt are expanding, creating more demand for residential, commercial, and industrial spaces.  By investing now, you position yourself to reap the benefits of appreciation in property value as these areas develop further. 2. Favorable Exchange Rates for Diaspora Nigerians For Nigerians in the diaspora, the exchange rate offers a significant advantage when buying property in Nigeria. With foreign currencies converting favorably...

KNOW YOUR ROD SIZE TODAY - The Real Estate Doctor Adesina

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In real estate development and construction, choosing the correct materials is vital to ensure strong, durable, and long-lasting structures. One key material is the steel rod (also known as rebar), which strengthens concrete and helps it withstand tension. However, not all steel rods are the same.  Different projects require different rod sizes, and knowing the right one can make all the difference. Let’s explore the various sizes of steel rods and their importance in construction. Common Sizes of Steel Rods Used in Construction : 1. 6mm Rods    These are the smallest size typically used in construction, primarily for lighter, non-load-bearing structures such as fences, small slabs, and mesh for plaster reinforcement. Though they don’t support heavy loads, they’re important for ensuring the stability of smaller elements. 2. 8mm – 10mm Rods    Ideal for simple residential buildings, these rods are used in constructing beams and columns in single-story houses or s...

8 THINGS TO LOOK OUT FOR BEFORE YOU MAKE PAYMENT FOR A HOUSE IN NIGERIA - #therealestatedoctor ADESINA

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Buying a house is a significant investment, and it's crucial to thoroughly inspect the property before making a payment. Here are some key things to look out for: 1️⃣ Structural Integrity: Check for any signs of structural damage, such as cracks in the walls or foundation, sagging ceilings, or uneven floors. A solid foundation is essential for a long-lasting home. 2️⃣ Roof Condition: Inspect the roof for missing shingles, leaks, or signs of water damage. A well-maintained roof protects your home from potential issues and ensures a safe and comfortable living environment. 3️⃣ Plumbing System: Turn on faucets, flush toilets, and check for any signs of leaks or water pressure problems. Inspect the water heater and ensure it is functioning properly. Faulty plumbing can lead to expensive repairs down the line. 4️⃣ Electrical Wiring: Assess the electrical system for outdated or faulty wiring. Look for exposed wires, flickering lights, or non-functional outlets. Adequate electrical safety...

5 Reasons To Acquire Land In Epe Today And Not Tomorrow- ADESINA MOBARAK

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  Epe went from zero to millions in months...Do you know why ? Let's tell you 👇 1.Strategic Location:  Epe is strategically located on the outskirts of Lagos, one of the fastest-growing cities in Africa. It is in close proximity to the Lekki Free Trade Zone, the proposed international airport, and the proposed fourth mainland bridge. This makes it an attractive location for real estate investment. 2. Growing Population: Epe is experiencing a steady increase in population due to its location, infrastructure development, and growing economic opportunities. As the population grows, demand for land and real estate increases, which makes it a great opportunity to invest in land. 3.Development Potential:  The Lagos State government has identified Epe as a key area for development and has embarked on several infrastructure projects in the region. These include road construction, upgrading of health facilities, and the establishment of an international airport. This creates an o...

STEP BY STEP PROCESS ON HOW TO BUY GENUINE PROPERTIES IN NIGERIA BY ADESINA MOBARAK ADEMOLA

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Firstly, Determine your budget and financing options: Before you start looking for properties, it's important to determine your budget and consider your financing options. This will help you narrow down your search to properties that are within your price range. Research the market and select a location: Research the real estate market in Nigeria and identify the location where you would like to buy property. Consider factors such as proximity to schools, hospitals, and other amenities, as well as the overall safety and security of the area. Find a real estate agent or broker: Working with a real estate agent or broker can be helpful in finding properties that meet your needs and budget. They can also assist with the negotiation and legal processes involved in purchasing property. Search for properties: Once you have a clear idea of your budget and desired location, you can start searching for properties. You can search online, through real estate agents, or by contacting owners...

3 fears of all Nigeria Real estate investors (and how to solve them).

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  REAL ESTATE can be risky and full of fears especially in this part of the world. But it doesn't have to be. . . . Here are some common fears and ways to mitigate them 👇 . .  1.FINANCE: Many potential investors in Nigeria feel they need a whole lot of money to invest in real estate and this is not necessarily always the case. While you do need money to invest, you have a lot of options available to you that don't need a ton of money. For example, with just ₦ 1,000,000 you can get property in Lagos. . . Some property deals even allow you pay instamentally over a period of years. Also, there's opportunities of co-own in many properties, that requires as low as ₦50,000. . . 2. FEAR OF BEING DUPED: This fear is very real in a country like Nigeria. Almost every other day, people are being  cheated out of their hard earned money in property deals. They either don't get the full value of what they paid for or they don't even get...

Key Locations where Real Estate is Booming in Lagos, Nigeria - Adesina Mobarak

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Lagos has become a place where real estate is making a significant difference. The sector keeps surviving the bad economy year in and year out. If you are a player in the real estate sector and you don’t have land yet in Lagos, then you are missing out good money . The effect of the pandemic still lingers even after a year and some months.  Nonetheless, the real estate business is still standing tall. If you don’t know your way, it’s crucial to ask people that have been there. Buying land is good but buying in a place where you are sure to get a huge return of profit is better. Lagos is a city where real estate is highly profitable and can bring you a fortune. However, there are some places real estate investors should look out for more. These areas will be highlighted in this article: Follow me - 1. IBEJU-LEKKI Despite the land being cheap in Ibeju-Lekki, it still sells faster than any other location in Lagos. Land in Ibeju Lekki sells between 3 million to 25 million depending on ...

ILUTUNTUN BUISNESS DISTRICT: WHERE TO BE BEFORE IT BECOMES- Engnr. Seyi Makinde

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  ABOUT ILUTUNTUN BUISNESS DISTRICT 👇 The Oyo State Government under the leadership of His Excellency, Engineer Seyi Makinde kicked off the master planning phase for a new business district within Akinyele Local Government Area via a 2-day visioning workshop held on the 2nd and 3rd of December, 2021. The new business district, known as ‘Ilutuntun Business District’, will be a 2,000-hectare mixed-use city that will cater to the needs of businesses and individuals; serving as a hub to attract direct investment and catalyse the transformation of the State into a modern city-state that is in touch with the needs of the 21st Century. The workshop was declared open by the Chief of Staff to the Governor, Otunba Segun Ogunwuyi. In his keynote remarks, Otunba Ogunwuyi echoed the vision of the Executive Governor of Oyo State, Engineer Seyi Makinde, that the Ilutuntun Business District will be the harbinger of the transformation coming to the State, which will place it in a position to ma...

REASONS YOU HAVE TO GET GOVERNOR’S CONSENT OR CERTFICATE OF OCCUPANCY ON YOUR PROPERTY..

The promulgation the Land Use Decree (later the Land Use Act) in 1978 brought about the vesting of exclusive powers over land within the territory of any given State in the Governor of the State. The effect was that radical ownership of land was vested in the Governor and private persons were only entitled to a leasehold interest through a right of occupancy. The Act further requires that the consent of the Governor has to be obtained prior to any method of alienation or assignment of property by the holder of a right of occupancy. The effect of this was that any assignment of interests or mortgages required the consent of the Governor to be legally enforceable. Whether there was coercion or not, the law under section 22(2) of the Land use Act recognizes cases where some form of written agreement executed in evidence of a transaction is submitted to the Governor in order to obtain consent as required by the section. Therefore, for a transaction of this nature to be valid,...

#REALESTATE STORY - How a Proffesor becomes a tenant to his former driver.

 Gideon was a professional driver attached to professor Ajala of the department of Linguistics and literary studies at the University of Lagos. He learned very early in life from his father the importance of investing in real estate via land banking!  Even though he was placed on the basic minimum salary as a federal worker when he started then, he however committed himself to investing 40% of his basic salary into land banking . This he did religiously for many years while he continues to live in a one - bedroom apartment with his wife and two children at the outskirt of Lagos !  On the other hand, his boss was living in one of the apartments in UNILAG staff quarters! After 35 years of meritorious service in UNILAG, Professor Ajala was retired and he had no where else to go ! In the past- all the advice from friends and families to invest in real estate fell on deaf ears !  His complains then was :  "That place is too far!"  "It is waterlogged"  "It i...