Posted on Friday, September 25, 2020
As a real estate investor, it’s important to know the value of your investment property because this will guide you find the best properties and make smart investment decisions. This is why performing comparative market analysis is key to a successful real estate investing career . For beginner property investors, this might seem like an overwhelming process, but with experience, performing comparative market analysis will become second nature.
Posted on Friday, September 11, 2020
A Deed of Assignment is one of the legal documents to acquire if ownership of real estate property is to be authentic. It is the legal instrument of transfer used in real estate transactions to transfer legal title or the ownership of real estate property from the title holder (called the assignor) to another called the assignee. A Deed of Assignment refers to a legal document which an assignor states his willingness to assign the ownership of his property to the assignee. The Deed of Assignment is required to effect a transfer of property and to show the legal right to possess it. It is the written proof of ownership which stipulates the kind of rights or interests being transferred to the buyer which is a legal interest.
Posted on Friday, September 4, 2020
Buying and owning real estate is an investment strategy that can be both satisfying and lucrative. Real estate is one of the top most lucrative businesses in Nigeria. Though being lucrative, if poorly managed can yield little or no return on investment. When real estate is neglected it is susceptible to damage and loss. To maintain homes and businesses, owners of real estate hire professional realtors. Loss of investment may be suffered by investors due to poor management and can be avoided if the acquisition, sale and management of the real estate property is being committed in the hands of professional realtors like KingsCourt Realtors.
Posted on Friday, August 28, 2020
The concept of cooperative associations for the purpose of housing is a government approved arrangement, in other words, the individual members’ have no legal status under the law, they only have that legal status if they agree as a group and the logic is about democratising the access to achieving capital investment, where one person incremental ability is limited by how much the cooperative makes. Housing cooperative works well in entry homes which is also known as mass housing. Mass Housing according to global dictionary is defined as the dense and repetitive housing solutions that has emerged as a complement of urban regeneration projects to cover the acute shortage of housing especially in the big cities.
Posted on Monday, November 25, 2019
Have you had the experience of searching for a new apartment to rent or a house to buy? then you will agree that it usually involves a lot of emotions. The truth is that Real estate transactions are known to be tedious and emotional journeys which many times gets prolonged, further aggravating the mixed emotional feelings. While we all at one point in our lives have to take these kinds of decisions, the ordeal is one that many hate to deal with and prefer to avoid. But must this be the norm? Like they say, you can not keep doing the same things in the same way and expect a different result
Posted on Wednesday, January 25, 2017
As with other sectors, performance of Nigeria real estate in 2015 and 2016 was underpinned by economic fundamentals. Persistent negative global realities commencing in Q2 2014 coupled with endogenous factors made the year a tough period requiring a decisive and determined perspective for navigation. The Nation started with a season of political uncertainties and then moved to a period of economic uncertainties; which were both met with bearish market acceptance. The fixed income market was quite volatile with yields reaching as high as 18% and as low as 0% at varied points in the year. Foreign investors commenced a sell-off due to declined oil prices, depleting reserves, anticipation of a further devaluation, prevailing political risk, foreign exchange demand-restrictive policies and the announcement by JP Morgan on the possibility of ejecting Nigeria from the GBI-EM index. Towards the end of the period, in Q4 2015, CBN policies created changes in consonance with persistent excess liquidity closing yields at low ranges of 1.50%-11.78%. The equities market was worse hit closing at -22.2% YTD, slightly worse than about -20% same time last year. While real estate market had a delayed reaction to these macro-economic realities, our H1 report stated that the news of a new Government helped stimulate demand only for a short while. Delays in receiving economic direction coupled with other aggravating factors resulted in the stalling of many new constructions, renting or purchasing decisions in wait for a more enabling environment. Real estate performance was also influenced by topical issues such as NMRC, insurgency and dynamics of building material high costs. With over 83,000m² of office space delivered in 2015, and an additional 100,000m² expected to come onto the market in 2016 and beyond, competition amongst landlords has been tight, subsequently resulting in rental reductions and tenant-friendly incentives. Rents for prime space in Ikoyi and Victoria Island (VI) have fallen by up to 12.5% since Q1:2015 which is a further indication of competitive market conditions. An important consideration to take note of is the real value of property in the Nation, in the face of the recent devaluations. Will Landlords be able to transfer the loss to renters via increased rent, or will the reduced demand continue to stay/reduce prices thereby creating new real property values? This report offers an overview of the Nigeria real estate sector from 2014- 2016 with a focus on the prime markets of Abuja, Lagos and Port Harcourt. It closes with an outlook for the sector in 2017. We trust you’ll find it
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