Big changes are coming to the real estate market in Lagos. The Lagos State Government recently announced a major new regulation: It is now illegal to practice real estate in the state without being registered with the Lagos State Real Estate Regulatory Authority (LASRERA). This applies to everyone, from individual agents to large real estate firms. The announcement was made by Barrister Barakat...
Access to safe, affordable, and decent housing is a cornerstone of human dignity. Yet, for millions of low-income earners, particularly in developing nations like Nigeria, this fundamental right remains an elusive dream. While government housing policies are designed to level the playing field, their effectiveness hinges on their structure and execution, with the potential to either uplift vulnerable...
Lagos, Nigeria, a bustling economic center, draws in countless new residents annually, leading to a vibrant rental market. Among the various payment options, monthly rent has recently gained traction, particularly with young professionals, small families, and short-term residents. But is it a wise decision or a potential pitfall? Let’s explore. The Emergence of Monthly Rent in Lagos Historically,...
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