Say Goodbye to Real Estate Nightmares! For years, the dream of owning a piece of home turf—a beautiful house in Nigeria—has been tangled up with a recurring nightmare: fraud. We've all heard the heartbreaking stories, or perhaps lived one ourselves: the unreliable agent who vanished, the relative who took the money and built nothing, the empty plot of land that was supposed to be a mansion. It was a...
The Lagos State government has started a big cleanup, bringing bulldozers into the Trade Fair Complex in Ojo to knock down buildings it says are illegal and unsafe. This is part of a larger plan to fix up the city and make sure all buildings are properly approved and not blocking roads or drainages. While the government sees this as a necessary step for public safety and order, especially to prevent...
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...
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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