Research Insights
All over the world, mortgage is known to be a viable method to owning a home, but several factors have made it difficult for most Nigerians to access mortgages. In developed countries, effective mortgage systems have aided many people to become homeowners but in Nigeria, there have not been many success stories recorded. We looked […]
According to McKinsey & Company’s ‘Post-pandemic economy: 12 Insights’, ‘…the biggest driver of rising net worth is real estate’. Investments in real estate is becoming more accessible across income levels as new services are springing up to ease the large capital requirement through milestone payments, co-investment and crowd funding. New platforms are also making it […]
In real estate sales transactions, documentation has been proven to be one of the discombobulating aspects for buyers in Nigeria. Land titles have remained a significant contributing factor to this bottle neck for years without end. The Nigerian legal system has seen an enormous number of cases on land disputes and fraud committed through manipulation […]
The demand dynamics for residential real estate in Lagos has changed phenomenally over the past few years. In the early 2000’s, landlords demanded rent in advance of 2 years or more. With increased exposure into the global market, the topic around “what the ideal housing system in Nigeria should be” is gaining traction. What we […]
Across the world’s top cities, we have found that households are spending as much as over 50% of their annual income just to provide a roof over their head. For instance, BBC analyzed the cost of renting apartments and found that a one-bed flat in London takes up nearly half of the average salary. A report by the […]
The iron triangle for measuring success for developers is to ensure that projects are delivered within time and budget allocation without compromising quality. Considering the uniqueness of the Nigerian real estate industry, one is tempted to introduce additional metrics to capture the local market nuances. Are Nigerian developers even meeting the minimal standard, especially those in Lagos? This is a […]