Is Rapper 50 Cent Moving To Africa Amid Bankruptcy?

US-based rapper 50 Cent could be moving to a unknown location in Africa after he filed for bankruptcy in the US. The “Get Rich or Die Tryin” album-maker posted a film on instagram showing construction workers putting the final touched to a mansion with the captions “My crib is almost finished in AFRICA. I’m gonna […]

Nigeria’s new World Trade Center poised to send its economy sky high

Nigeria’s capital city of Abuja is about to get a new heart: a brand new World Trade Center complex. The development is expected to open to the public early next year after the completion of the first phase of construction. It will join a network of 323 locations in 89 countries, started in 1970 with […]

WHY THE AFFORDABLE HOME BUSINESS IS WINNING IN NIGERIA

June 22, 2015 For as long as I can remember, Nigeria has had a housing problem. A culmination of massive urbanisation and lower government investments have left more than 17 million households without a home. In cities like Lagos, the country’s commercial headquarters, securing shelter often proves a tall order as over 21 million people […]

Why Is Office Space In Lagos More Expensive Than New York?

June 20, 201 When you think about the most expensive offices space in the world, cities like New York and London,with their reputations as global financial centers, spring to mind. However, when it comes to pricing, Lagos, the commercial capital of Africa’s largest economy has managed to find a comfortable spot among them. Rentals for […]

West Africa Oil Tycoons Demand More Luxury Properties In London

May 17, 2015 According to Harrods Estates, a London-based luxury real estate arm of the Harrods Group, demand for luxury houses in the city by West African buyers increased 40 percent over the last year, driven mainly by businessmen seeking oil market connection in Europe. “The majority are looking to spend between £2.5million and £6.5million […]

Nigerian Entrepreneur Finds New Way To Solve Housing Shortage

May 7, 2015 Nigeria, with a population of over 170 million people, is facing a national housing deficit of about 17.5 million units, and requires a minimum of additional one million housing units each year to reduce that deficit. With high interest rates on mortgages, high cost of construction material and land, many Nigerians cannot […]

How To Spot A Real Estate Scam

April 28, 2015 The property listing almost looks too good to be true – it is in the perfect location, has beautiful photos and is well below your budget. You send off an enquiry and receive a quick response: the landlord is currently overseas and cannot show you the home. But if you can wire […]

First Africa-Focused Property CrowdFunding Platform Launched

April 18, 2015 A South African real estate firm, Realty Africa, has launched a crowdfunding platform targeting foreign investors seeking to invest as little as $1,000 in a fast growing property sector in the sub-Saharan region, a press statement from the firm said on Friday. The company, which provides property development investment options to clients […]

In Pictures: Nigeria’s Eko Atlantic Mega City Takes Shape Two Years On

April 10, 2015 In February 2013, Nigeria broke ground on one of largest property project on the continent, the Eko Atlantic mega city. Two years on the city is ready to house its second 26-story building, while other structures are on different stages of completion. The city, expected to sit on a reclaimed 5 million […]

Desirable Areas To Live In Lagos

April 10, 2015 The dream of the average person living in Lagos is to one day own a house in Lagos but there is Lagos and there is “Lagos”, for example there are parts of Lagos i would not even consider owning property at, the wahala is not even worth it abeg so as a […]