This might come as a shock to you. But it’s a fact. The value of property does fall (contrary to the belief held by some). Knowing what factors determine the price of land and buildings over time will help you make your property acquisition decision wisely, and avoid making a loss in real terms. Here are some things to examine when choosing the property you want to buy, or keep. Market Trends Price changes for similar goods tend to move in the same direction, and this is the case with...

ILLEGAL OCCUPATION OF PROPERTY Section 4 of the new Law provides that a person who is occupying a property as an encroacher and fails to leave the property on being required to do so by or on behalf of the owner of the property commits an offence and on conviction shall be liable to a fine not exceeding five million naira or five years imprisonment or both. The Law extends the meaning of property to include ‘a reference to an access to the property, whether or not any such access itself...

If you have lived in rented properties for some time in Nigeria, you know that it’s pretty difficult dealing with some landlords. As most tenants breathe a sigh of relief just because the landlord has agreed to let them in, they do not bother to enquire about many things or do not have the courage to do so as they do not want to offend the landlord. Here are 5 things landlords in Nigeria might hide from their tenants. NEIGHBOURS CAN CREATE PROBLEMS FOR YOU No landlord will ever tell you the...