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...

Anybody that has had dealings in the real estate sector in Nigeria, particularly in the urban areas like Lagos and its environs will know the numerous dirt and risks associated with land acquisition and development. Prominent among the hazards that bewitch the process of land acquisition and ownership in Nigeria is the menace of the ‘omo onile’ (as it is popularly called) which literally means ‘sons of the landowners’; the ‘ajagungbale’ (meaning one that ‘fights war to obtain...

Lagos is not the capital of Nigeria (it is Abuja). But it is still the most important city in this African country of 150 million people. Lagos still remains the commercial capital of Nigeria with all major industries operating from there. Nearly 15 million people live in this city where real estate prices are touching the sky. Here are 5 facts about real estate in Lagos that will amaze you. HIGHER RENT THAN LOS ANGELES AND NYC Rent for a 3 bedroom apartment in some areas in Lagos can go up...