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     realestate


Four Hot Areas To Invest In 2012
2011 was relatively slow in the real estate sector partly because of the general elections and also the late implementation of the 2011 budget. Although after the elections, cash flowed and investors were able to buy properties.

Therefore, it is imperative to look at those areas where owning a property in 2012 would literally translate to having a gold mine as the year progresses in order not to get caught unawares when real estate activities would be moving at jet speed.

Mowe Ofada axis

In 2012, the Mowe Ofada axis only experienced marginal changes vis-à-vis prices as it remained constant throughout the year. Besides the increment in prices that occurred in close Arepo, everything remained at status quo.

But fortunately, that would not be the case for 2012, analysts have assured. This is because plans are in top gear to reconstruct the Lagos Ibadan expressway which would undoubtedly open up this area. This is because the heavy traffic that has become the bane of this axis would be totally eradicated or reduced to the barest minimum. This would in turn stimulate more people to move there.

The implication of this is that prices will not remain the same again; a definite attraction for investors. Already, several estates have been sited in that area and more would definitely be joining.

Yaba

Last year, a lot of flooding was experienced in the Island and this singular factor led to an increase in the demand for properties in Yaba and this increment is not expected to abate in 2012. Also, Yaba boasts of a lot of infrastructure and is centrally located.

Furthermore, the influx of ultra modern estates like Haliconia estate and, Tajudeen Olanrewaju estate amongst others in Yaba have helped to boost the status of the area. Most of the outdated structures are being replaced on a regular basis and this has led to a huge increase in the prices of moribund structures.

This is because investors or buyers are not really after the building, but the land on which these structures are erected. Government is not also left out in the Yaba project; more infrastructures are being improved, thereby giving the area a more modern look. All of these makes Yaba an investor’s dream come true for 2012.

Lekki

Lekki is one of the busiest places, infrastructure wise in Nigeria for now. The Lekki project holds so many prospects for real estate that it owning a property there would be the delight of any investor.

What stands the Lekki project out is that it would avail people the golden opportunity to live in close proximity to where they work. A huge deviation from what obtains in the old business districts of Victoria Island and Lagos Island. Lekki has the potential of becoming a self sustaining economy on its own. People could live, work, shop for essential commodities and also unwind without needing to step out of the area for as long as desired.

Currently, land in the Lekki phase 1 sells for as high as N120k per square metres, while a 5 bedroom detached apartment goes for between N120m-N150m. At this rate, prices would have sky rocketed when the project is finally completed. Big multinationals like Chevron already have a presence in the area and speculations are rife that Shell has acquired land for its head office in the Northern Foreshore Estate area.

Oniru

The entire Oniru Estate land covers a land mass of approximately 732 acres and boasts of estates like: Princely Court Estate, Savoy Luxury Homes Estate, Royal Estate, Shoreline Estate, Millennium Homes Estate, Covenant Estate and Sharon’s Court Apartments. Although the area has not lived up to expectations going by the assumption that its closeness to Victoria Island would be catalyst in attracting people to the area. But surprisingly, people are more interested in Lekki. While prices for plots of land in Lekki grew by an amazing 50%, it appreciated by about 22% in Oniru.

However, this does not take anything away from Oniru as the incessant infrastructural development in Lekki and Victoria Island would continue to increase prices. The implications of this are that people who might not be able to afford owning a property in Lekki might find solace in Oniru. This means that investors could still do a great deal of business there by building upper middle class apartments.

Castleweekly

By: Fakile Wale
26/1/2012


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Four Hot Areas To Invest In 2012

>> 2011 was relatively slow in the real estate sector partly because of the general elections and also the late implementation of the 2011 budget. Although after the elections, cash flowed and investors were able to buy properties.
By: Fakile Wale
26/1/2012

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Comments(0)


The 2012 Budget And Real Estate

>> Late last year, December precisely, a budget of N4.749 trillion was presented to the house of assembly for the year 2012 by President, Goodluck Ebere Jonathan. The figure showed a six percent increase over the N4.484 appropriated for the 2011 fiscal yea
By: Fakile Wale
20/1/2012

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Lagos State Cancels 562 Prime Land allocations in Lekki

>> The Lagos State government has cancelled 562 prime land allocations to prominent citizens and organizations in the highbrow Lekki phase 1 and 2
By: Obidike Okafor
28/11/2011

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Governor Fashola presents his plans for real estate in 2012

>> The Lagos State Governor Babatunde Fashola in his budget speech last week revealed important policies that will shape real estate in 2012. Here are excerpts from the speech that affect the sector.
By: Obidike Okafor
21/12/2011

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The Ecobeam System Of Building Homes

>> A new ingenious method of building homes has been introduced in Nigeria; the Ecobeam System.
By: Fakile Wale
19/12/2011

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The Lekki Project: Opportunities For Real Estate

>> The Lekki-Epe international airport which is located about 10km from Lekki Free Trade Zone (LFTZ), expected to gulp $650m in its first phase
By: Fakile Wale
12/12/2011

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Why Owning A Property In Festac Could Make You Rich

>> While Festac town provides one of the most properly planned neighborhoods in Lagos state, it would not be unfounded to conclude that the town has proved to be a gold mine for those that bought properties there a few years back.


By: Fakile Wale
30/11/2011

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CBN Releases Guidelines for Housing / Mortgage Banks

>> The Other Financial Institutions Department (OFID) of the Central Bank of Nigeria (CBN) last week announced a new guideline for mortgage operations in the country. The new guidelines is in concordance with the proposed housing/mortgage finance reform a
By: Fakile Wale
28/11/2011

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Why Real Estate In Nigeria Is The Best Business

>> Nothing compares to Real Estate Investment Opportunities in Nigeria if you have enough money to engage in it.
By: Joy Itsosime
23/11/2011

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Key Constraints To Real Estate

>> Real estate has continued to play a significant role in man’s evolution.It is not a coincidence that food, shelter and clothing believed to be the three essentials that sustain mankind, also have some linkage to land.
By: Joy Itsosime
16/11/2011

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Lagos’ tenancy law: For tenants or landlords?

>>
By: Abiodun Bello
4/11/11

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FINDING THE RIGHT HOME TO BUY

>>
By: Abiodun Bello
2/11/2011

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What To Search For In An Apartment

>>
By: Anael
2/11/11

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Right Time To Buy A House

>>
By: Anael
31/10/2011

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BALCONY RAILINGS AND THEIR IMPORTANCE

>> There are some places in the home which needs extreme protection. They are balcony, staircase and other outdoor spaces in the home.
By: Akindolie Abisayo
26/10/2011

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Oasis commissions N259m Honeyland Estate .

>>
By: Abisayo
24/10/2011

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FINDING THE IDEAL KITCHEN CABINET LAYOUT

>> When planning a kitchen renovation, think carefully before selecting your kitchen layout.
By: Akindolie 'Bisayo
19/10/2011

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THE ESSENCE OF GOOD HOUSE DESIGN IN NIGERIA

>>
By: Akindolie 'Bisayo
17/10/2011

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Messrs SC&B Carlton Unveils ₦850m Estate

>> Messrs SC&B Carlton, has embarked on a new project in Surulere area of Lagos Mainland Estate. The proposed estate called SC&B Carlton Estate is a 7,529.512 square metres (sqm) landed property is located at highbrow Census Close, off Babs Animashaun Stree
By: Oluwole Obafemi
11/10/11

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Pinnacle plans N30b real estate in Nigeria

>>
By: Goodlife Media
27/9/11

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Tips for Real Estate Investment in Nigeria

>>
By: Goodlife Media
19/9/11

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Real Estate Market in Nigeria and Other African Countries: The Toast of Foreign Investors

>>
By: Goodlife Media
12/9/11

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Rezidor Announces Opening Date for Park Inn, Apapa, Lagos

>>
By: Goodlife Media
7/9/2011

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Real Estate,one of the best business in Nigeria

>> Nothing compares to Real Estate Investment Opportunities in Nigeria if you have enough money to engage in it. There are many business opportunist but so far property investment in Nigeria brings back your capital with profits sooner compared to other bus
By: Oluwole Obafemi
01/08/2011

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Buying Real Estate / Property

>> Buying Real Estate / Property
By: victoria okeke
27/07/2011

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Top 10 Time Management Rules of Successful Real Estate Salespeople

>> Throughout the world, real estate salespeople who continually achieve high levels of performance are also expert in time management skills. The ability of a real estate agent to manage his or her time, more than any other single factor, will determine th
By: Abimbola Scott
31/05/2011

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Nigeria’s real estate sector – what to expect in 2011

>> Is the storm over? Alitheia Capital gives a review of Nigeria’s real estate sector in 2010 and tells us what to expect in 2011.
By: Abimbola Scott
23/05/2011

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Simple Ways To Invest In Real Estate

>> Buying real estate is about more than just finding a place to call home.
By: Oluwole Obafemi
19/05/2011

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What You Should Know Before Buying a Home.

>> If you don't plan to live out your days at this address, think about how long you might like to stay, and what the real estate forecast for that area might be like in a few years.

By: Omondiale Lilian
21/04/11

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BUILDING ADVICE

>> Like I always say, real estate investment is one of the most lucrative investments all over the world; the reason much attention must be put into the property.
By: Leke Adebiyi
20/04/2011

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HOME INSPECTION

>> There is a very pertinent factor that comes to play when selling, buying or renting real estate properties; this factor is called home inspection.
By: Leke Adebiyi
12/04/2011

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LOCATION THE KEY TO PROPERTY APPRECIATION

>> Real estate investment is an investment in properties (i.e. landed properties and buildings) which is supposed to deliver higher return on investment.
By: Leke Adebiyi
05/04/2011

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SECURE YOUR FUTURE WITH REAL ESTATE

>> You all must have gotten tired of hearing about the magnanimous benefits associated to investing in real estate within the Nigerian terrain and even all over the world.
By: Leke Adebiyi
30/03/2011

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REAL ESTATE OPPORTUNITIES IN LAGOS!!!

>> Real estate opportunities are boundless in the Nigerian terrain. The Nigerian real estate industry, most especially in the Lagos metropolis is a fast money making investment. Hence it is a known fact that there is no better way to invest your money and i
By: Leke Adebiyi
25/03/2011

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BECOMING A REAL ESTATE AGENT

>> Are you thinking of starting new business? Are you tired of being an employee and would like to be on your own? Then you should take the next couple of minutes to read this article, because this might just be what you have been waiting for.
By: Leke Adebiyi
22/03/2011

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BECOMING A REAL ESTATE AGENT
>> Are you thinking of starting new business? Are you tired of being an employee and would like to be on your own? Then you should take the next couple of minutes to read this article, because this might just be what you have been waiting for.
By: Leke Adebiyi
22/03/2011

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Comments(0)


HIGH RENT AND SOLUTIONS

>> The problem of housing in Lagos is one of the greatest problems in the state, as it is known that Lagos is the most populous state in Nigeria and it is the commercial nerve of the country, hence this has piled up pressure on a lot of things like the basi
By: Leke Adebiyi
17/03/2011

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REAL ESTATE MARKETING

>> Investing in real estate presents the best and most effective way of making huge profit on investment. Prices of real estate property seem to go up in a geometric progression, which enables for up to 300% profit within the span of five years.
By: Leke Adebiyi
14/03/2011

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LAGOS: REAL ESTATE HAVEN

>> Lagos as we all know is one of the most important regions in the whole of Nigeria, owing to the fact that it is the commercial nerve of the country. As a result if these there are a huge influx of people who come into Lagos to make ends meet.
By: Leke Adebiyi
03/03/2011

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INTERNET ADVERTISING THE KEY TO EFFICIENT PROPERTY SALE.

>> The importance of advertising cannot be over-emphasized; advertisement provides precise information on how buyers and sellers of any product can meet for transaction.
By: Leke Adebiyi
25/02/2011

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Comments(1)


REAL ESTATE MANAGEMENT

>> Real estate management involves the art of efficiently and effectively management of real estate. Nigerians generally have a poor attitude to property management. Most property owners do not take their time in taking care of their properties or finding
By: Leke Adebiyi
17/02/2011

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TIPS ON BUYING A HOUSE

>> Buying a house in Lagos, even in Nigeria at large is quite difficult and different from buying a house in the more developed countries.
By: leke adebiyi
10/2/2011

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LEKKI BUSINESS DISTRICT

>> WTES Ltd intends to develop a 10.9hectare site at the Lekki Maiyegun Tourism zone into a modern market.

The project is part of a 61.08 hectares mixed development known as Lekki Business District.


By: WTES LTD.
24/11/2010

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Comments(1)


FIXING A FOUNDATION CRACK

>> If you have small hairline crack...if the cracks have opened,...a large foundation crack
By: Naomi Moremi Lucas
03/09/10

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Clean Up Cracks.

>> Concrete is nice smooth and hard, until water gets to it.
By: Naomi Moremi Lucas
01/9/10

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Choosing An Estate Agent

>> A good estate agent would not only save you a lot of short run and long run trouble but she would make a big difference....
By: Naomi Moremi Lucas
20/07/2010

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1. Do you want to know the latest movies showing at the cinemas? why not click on this scroll text to be transported to our Movie section of the website for the latest listing 2. Are you bored? Need an Event to attend, Need a place to go?Click on this scroll text for all your latest Events.. Dont be told...Be there. 3.    AquaSelect Swim suit, Sportwear, Beach & Pool party Coming Soon    4. Do you want buy, rent, or lease a property? click on this scroll text for your latest real estates informations. 5.    Models Night Out....an evening of glitz, beauty and glamour coming soon to a venue near you.    6. Skye Rainbow Savings Account; an opportunity to save for the future, secure your child’s future today. Click on this For information or call our YES CENTER ON 0700-SKYEBANK, 0700 7593 2265, 0806 988 0000, 01-448 2100, 01-2713113. 7. Skye Mortgage Bank National Housing Fund Account; build your own home using our tools... your sure access to home ownership. Contact us: Plot 6, Central Business District (Tisco Plaza) Alausa Ikeja, Lagos. Tel: 8736250, 4706466, 7389521, 8736750. Fax: 2715844 8. Make your Western Union Transactions at any Skye Bank Branch near you, Click here to see branches close to you 9. A Zero COT account with access to airport priority pass for use in airport lounges all over the world.SKYE SELECT gives you all that and more. 10. Win, Win, Win come and check out our competitions with mouthwatering prizes.... 11. Skye Wise Classic Account for Social Clubs, Associations and Cooperative Societies. for more information call our yes center on 070075932265,08069880000, 01-4482100, 01-2713113 or visit the nearest Skye Bank branch 12. Introducing QuickTeller - your one stop ATM shop for airtime recharge and bills payment. Now available on all Skye Bank ATMs. Click on this scroll text for a list of ATMs near you. 13. Board Game Night Every Thursday Night From 4pm to 12midnite at the Classic Cafe, 1388 Tiamiyu Savage off Olosa, Victoria Island,Lagos. Click on this scroll text for more info 14. Need an all-in-one account with features of savings and current account as well as optional facilities for deposit placement for Nigerians living abroad.SKYE GLOBAL IS HERE FOR YOU ! 15. Are you looking for a medium to instill a savings culture in your children?SKYE RAINBOW is a fabulous way to get your children saving 16.    Watch out for zodiac.. coming soon     17. Minimum opening deposit of N1,000 and transaction alerts available on your SKYE TREASURE account. For more info call our Yes Centre 0700-SKYE-BANK (0700-7593-2265), 0806-988-0000, 01-2713113. 18. Our answer is YES ! Now what is your question? call our YES CENTRE 0700 Skye Bank ,070075932265 , 08069880000 ,014482100
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