Olowoshago reaffirmed the State Government's commitment to expanding the State's housing stock while guaranteeing proper upkeep of those already in place

Experts in the real estate sector have condemned the recent pronouncement by the Lagos House of Assembly to pass new property acquisition and business ownership laws that only favor indigenes of the state.

The real estate business in Nigeria has come a long way since its inception.

The Nigerian Institution of Estate Surveyors and Valuers (NIESV), a body representing all Estate Surveyors and Valuers in the country, has urged all levels of government to repeal the Land Use Act from the Nigeria Legal System in order to remove all bottlenecks that impede the smooth application and documentation of land titles and land allocations.

African urban settlements have the potential to accelerate infrastructure development, increase revenue collection, and improve service delivery by adopting innovative approaches to resource mobilization, forming alliances with strategic partners, and establishing specialized clusters for the provision of goods and services.

African urban settlements have the potential to accelerate infrastructure development, increase revenue collection, and improve service delivery by adopting innovative approaches to resource mobilization, forming alliances with strategic partners, and establishing specialized clusters for the provision of goods and services.

It is critical to consider how the Nigerian real estate market might be affected by the removal of subsidies in 2023 as the government moves toward economic reforms.

Industry experts have projected that the Nigerian real estate sector will grow alongside the country’s anticipated overall Gross Domestic Product (GDP), buoyed by the reform policies of President Bola Tinubu, as well as increased investor confidence

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It's important to note that closing costs are negotiable between buyers and sellers. While there are customary expectations, it's possible to discuss cost allocations and reach agreements that work for both parties. Clear communication during the negotiation process is key to establishing mutually beneficial arrangements.