Serviced office – Ideal solution in a recession economy

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In a recession economy like Nigeria, many new entrants, particularly international corporates are still deciding whether to “stay” or “go”. A solution that companies are taking advantage of to buy more time before final decisions are made is serviced offices. This situation is what accounts for the stability in the serviced office sector of the […]

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The impact of regulation on the real estate industry in Nigeria

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How much should the government, state or federal agencies regulate emerging industries? The knee-jerk reaction of most entrepreneurs, fearful of having their companies squeezed by compliance costs, is “not at all.” But in some industries, like commercial real estate, that is probably not the best response. A better alternative would be to allow thoughtful leaders […]

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Economic speculation and its impact on the Nigerian real estate market

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It is important to examine the impact of the economic downturn on the real estate market in Nigeria – a topical issue that presents significant challenges to almost all economies (underdeveloped, developing and developed). In recent times, the drop in oil prices has left nations with undiversified oil based economy like Nigeria in economic crisis. […]

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Nigeria and real estate transparency

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JLL’s Global Real Estate Transparency Index (GRETI) is a unique survey that quantifies real estate market transparency across 109 markets worldwide. The Index is updated every two years and has been charting the steady progress in real estate transparency across the globe for 17 years. It is widely recognised as an essential guide for companies […]

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Studio apartments: bridging the gap to home ownership in Lagos

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To address the shortage of affordable housing in Lagos, there must be significant attention paid to the issues of social, economic and demographic change and their implications on the future demand of affordable housing. For instance, the relationship between socio-demographic influences which may affect the future scale and nature of the demand for affordable housing […]

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Real estate data review – using House Price Indices as an example

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The Nigerian real estate sector lacks adequate transparency when it comes to data, sources and statistics. There is an urgent need for policies that will empower comprehensive documentation of all attributes of price determinants for the evaluation of various asset classes in Nigeria. It is thus important to recognise the need to develop a reliable […]

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