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OluGold Properties, Yaba, Yaba (2026)

14/09/2020

The Future of Real Estate in Nigeria
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2019.
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The future of real estate in Nigeria is its youth. But not in the way that you think.
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With rising concerns over Nigeria’s exploding population growth, we are seeing an emergence of a more dynamic, technologically savvy young working population. Young people are becoming more nimble, and increasingly embracing risk by establishing their own startups; from tech companies to new-age restaurants. Young professionals are shunning traditional and expensive office and residential arrangements, and embracing the flexibility and cost savings provided by shared living and working spaces. The real estate industry is being forced to innovate and redefine its value proposition, as mobile technology has put greater power into the hands of consumers.
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However, there remains a significant supply-demand gap in the various real estate sub-markets: residential, office, retail and hospitality. Decent housing options for university students and young professionals are limited and often unsafe; and secure, affordable office spaces in proximity to the central business districts remain scarce. Plugging this gap has proven difficult, as developers continue to focus on delivering luxury apartments and Grade A offices, despite high vacancy levels and falling prices.
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Whilst real estate investments provide an opportunity for citizens to participate directly in the economy, the traditional means of doing so are too far out of the reach of many, and the system needs to evolve. Lack of access to affordable financing; cumbersome title registration processes and a go-it-alone culture, are just a few of the factors that have served to limit participation. In order to re-energise this sector and boost the economy, Nigeria’s government must start to aggressively push policies which encourage public and private sector financial institutions to provide innovative, affordable financing options; unlocking dead capital and restoring access to the industry.
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Nigerians continue to look to developers to meet their individual needs, tastes and preferences. Our youth are responding to affordability constraints and technological advances which are changing how they live, work and shop. As Nigeria’s real estate market rebounds and stabilizes, what is evident is that the future of the industry rests on a redefinition of what value means. This will involve developing new strategies to meet the growing demand for flexibility and delivering them seamlessly – whilst maintaining sustainable returns on investment.
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The need for alternative real estate options for a new peer-to-peer based economy: – student housing, co-living, co-working and even crowdfunding – is an emerging trend that cannot be ignored. The players that will survive the coming paradigm shift are those best able to adapt and remain flexible enough to respond to these needs. UACN Property Development Company (UPDC) is fully embracing the need to innovate. With its upcoming recapitalisation, the company is reinforcing its faith in the real estate industry in Nigeria and standing firmly behind it. Having already established a position as one of Nigeria’s leading indigenous real estate companies with a strong track record for successfully completing landmark developments; UPDC aims to build on that track record – leveraging the recapitalisation which will put us in a sustainable financial position. Unencumbered by significant short term debt, we will gain more operating flexibility to access new sources of capital and strengthen our market position.
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Energising the industry will be a collaborative effort. Today, the world and Nigeria in particular; face an urgent demographic challenge. An appropriate response to the current and impending real estate infrastructural needs of nearly 200 million people, is a matter of national priority, and will determine, and directly impact the dividends we reap from an increasingly youthful population. The Nigeria story is promising; however as we write it, we must take stock of the mistakes of the past and ensure we are well positioned to avoid them by delivering properties and services which are physically, financially and fundamentally fit for the Nigeria of tomorrow.

14/09/2020

Real Estate
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‘Foreign investors see a bright future in Nigeria’s real estate sector’
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By Chinedum Uwaegbulam
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Olufemi Adegoke Osibona is the Chief Executive Officer Fourscore Homes Limited. He spoke to CHINEDUM UWAEGBULAM on the best ways to fund real estate, constraints in digital technology and how to boost the confidence of Nigerians in Diaspora on housing.
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A significant number of United Kingdom, the United States and South African builders, brokers, consulting firms, real estate finance firms and investors have extended their areas of operation beyond local markets to a worldwide base. What are the attractions for private developers and investors, especially in Nigeria?
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THE driving force is the fact that Nigeria’s economy is still developing. What is happening here, happened in England where they used buying agents to invest in whatever sector of the economy they chose and their preferred area is usually real estate. Foreign investors see a bright future in Nigeria; they see a boom in Nigeria when there is steady electricity that will, in turn, attract 24/7 high security. The issue is we’ve not started using our senses yet because of oil money. Look at Dubai and compare it to what we are doing here. Lagos State government is doing a lot to change the environment; the investment mindset is getting better, but we still need to use our human resources. We have cheap labour that can be put to productive use. There are lots of jobs and a bright future. People are always frightened, particularly investors because it is difficult to transfer money for the purchase of production materials. You’ll be surprised if I tell you; it is difficult to carry as low as $10,000 outside the country. But thank God for the Buhari/Osibajo government, as well as Lagos, and Ogun states government, the future is brighter. Nigeria is a virgin land; the future is bright and people are coming to take a position to invest. I can confirm to you that Nigeria is safe for investment and that the benefits outweigh the drawbacks.
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For private developers in Nigeria, funding has remained a major challenge, as the interest rates are high. But, across global real estate markets, property yields are offering a significant spread over government bonds to absorb some of the impacts of future rate increases. What are the best ways to fund real estate in Nigeria?
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The best way to get funding is to know your investment environment. Wherever you want to invest, be sure you have information in that field. There are different ways of raising funds, bank and offshore funds; or sell off-plan. Another way to go is a joint venture with landowners, but be sure you’re dealing with the real owners of the land and that the partner has done a project before as well as has the capacity.
The partners in the joint venture must have the money before seeing the landowner and not that they will be collecting money from subscribers to pay for the land. A developer must have his own money to enable him plan. Be sure the developer has done it before. There are benefits in off-plan investments. Everybody that bought from us has witnessed over 100 per cent rise in value. Some people buy off-plan in various developments; they keep buying, put money in developments that are coming up and as sell as soon as the value goes up. Again, people who buy off-plan, most times have a say in the development. Likewise, off-takers who are part of the developments at the beginning of the projects often make money. Risk-taking and benefits come together.
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In many countries, technology disruptions have led to the digital revolution; do you think that Nigeria is ripe to embrace digital apps. What do you see as the major constraints?
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Yes, Nigeria is ripe to join the digital revolution. In fact, some developers use modern technology in all their projects. Other investors in real estate in the country also apply these recent technologies. The only constraint is poor electricity but, as I said, once this challenge is solved, the future is bright. We can have all the technology we want.
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Over 30 countries that currently trade with the UK via EU free trade agreements have agreed to Brexit. What do see as the benefits for Nigeria under the Brexit? How will it impact on Nigerians who plan to invest in UK real estate?
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The future is bright for Nigerians that have invested in the UK property market, and for those planning to invest there. But the ultimate investment destination in the property should be at home in Nigeria.
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Fire disaster happens to be one of the world’s most common and destructive disasters, especially in high-rise structures. What should be the safety standards to be adopted in the design and construction of such buildings?
Fire engineer/specialist dry and wet riser exit fire continence because of door smoke alarm in every room or hallway should be made mandatory in Nigeria smoke detector or alarm.
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Several countries have banned selling property off-plan, forbid advertising and any other promotion of such properties. Do we need such regulation in Nigeria? If yes, why? What are the benefits of off-plan sales?
We have different investment environment and culture. The advantage of buying off-plan is that you’re buying at a discounted price and it always appreciates. You have to understand something about Nigeria; people say the market is not moving but if you do something that is interesting and unique, then people will buy.
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Nigerians in Diaspora sent an estimated $25 billion in remittance to the country in 2018, representing 6.1per cent of the nation’s Gross Domestic Product (GDP), what percentage of this could be for housing? Why the attraction for people to build houses in Nigeria? How can they prevent falling in the hands of fraudsters?
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Practically, every Nigerian abroad wants to have a house in Nigeria. So, the reason for sending money home is only for two reasons, to take care of your family and to build your house. It will be possible but you will be spending more money to build the house. It’s a fact; I just calculated it now, every Nigerian in London, for instance, wants to own a home in Nigeria. I want to believe that they spend 85 per cent of the money they send for the purpose of owning a home back in Nigeria, but the remaining 15 per cent is just what they give to their families as allowance.
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Let’s face it, how many foreigners are doing business in Nigeria and want to build here. And that is why we talk about Nigerians wanting to buy land because by buying land, you don’t have to stress yourself, you only need to worry about your contractor using inferior materials on your project. You know these days; many houses are collapsing because people do not use the right materials. People will just send anybody to build, but with the good developer, you are sure that nobody is stealing your money and that you are not giving money to your brother and your brother is just taking pictures of someone else’s house and sending it to you.
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Personally, I know of someone this happened to. The man was living in Germany and thought he had a house in Ghana, which he built through his uncle. He later had a problem in Germany and had to go back home. On getting back home, he called his uncle, and he did not even answer. So, he decided to visit him and his uncle was thanking God for his safe arrival and started giving him stories.
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Finally, when the worst came to the worst, his uncle opens up to him that the house was snatched. He decided to go to court and his uncle threatened. He couldn’t run back to Germany because he was deported. So he went to church and that was how he got delivered. Unfortunately today, he still regrets it.”
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So, if we look at it, I think it is 90 per cent guaranteed that money sent by Nigerians abroad back home is for only one type of investment that they love to do in Nigeria, which is property. It is certain that every Nigerian abroad knows that someday they would come back to Nigeria. They are just waiting for government’s accredited developers to support them with genuine housing because all they hear from people around is negative news
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Nigeria is seeking investments to diversify its economy away from oil, which currently accounts for about two-thirds of government revenue. Do you think there is a conducive environment to attract and secure private investments in the country’s real estate sector? What are the challenges for investors?
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In fact, Nigerians in diaspora sent a total of $25 billion in the year 2018 into Nigeria and what percentage do you think building a house would take? I still think I would stand on that 90 per cent. People in the diaspora don’t really care about their families per se, it depends. The ones not building houses seek to get their families to come live with them and those that are building houses are taken care of through money sent for the building process.
Properties

08/07/2020

Mende,in an estate, down stairs, ,&
Upstairs, & , respectively

08/07/2020

One reason you should start and build your business is this; it is a legacy your children can inherit. Recommended business to start with low start up capital, negligible loss, access to training materials and huge return on investment is referral Marketing.

06/07/2020

just out
For sale
640sqms of land at Morounfolu street, Pako bus stop, Akoka, title RC N20m c
Very good for hostels nd residential 🔔🔔🔔🔔

06/07/2020

Still available 📢📢📢📢For sale 4 bedroom duplex all ensuite with 1room bq at magodo isheri the compound can pack 7cars.pics available.Price 55m net with (c of o)direct from d landlord picture on request call for inspection 09038723365🔔🔔🔔🔔

05/07/2020

*UPDATE ON SMART HOMES!*
*UPDATE ON SMART HOMES!!*
*UPDATE ON SMART HOMES!!!*

Please be informed that the 5 Bedroom detached duplex and 4 Bedroom Semi Detached duplex in Buena Vista Estate, Orchid Hotel Road is *SOLD OUT!* *SOLD OUT!* *SOLD OUT!*

If your client missed out on this they can quickly key into the next phase development in same estate at same price.

Introducing.........!

*PANTHEON SMART HOMES*

12 Units of 4 Bedroom semi detached duplexes and 6 Units of 5 Bedroom Full Detached Duplexes

First Batch of smart Home Houses to be ready by December 2020 & second batch to be deliver in April 2020.

*Off Plan Prices*

4 Bedroom Semi detached - N59.5M
5 Bedroom Full Detached - N79.5M

*SMART HOMES FEATURES*

- Modern Interior Design for the Living Room And Kitchen
- All The Rooms Including Kitchen Comes With Central POP Speaker
- whirlpool bath
- Dinning Area
- Modern internal and external railings
- Fitted Wardrobes
- Air-Conditioning Units
- Ample Parking Space
- Car Port
- Security Doors
- Fully Fitted Kitchen
- Gas Cooker
- Heat Extractor
- Oven
- Washing Machine
- Wash Hand Basin
- Central Water Treatment Plant
- CCTV Camera Installed In The Living Room, Kitchen And Family Lobby

*Bonus Features In The House*

- 43’’ Television in the living room
- 32’’ Television in the kitchen
- The Kitchen Comes With Double Door Fridge
- 2 Units of 1 HP Ac and 1 Units of 1.5HP in all the rooms
- All Toilet Comes With Extractor Fan
- Inverter and Solar system Pre Wired

••••••••••••••••••••••••••••••••••••••

For payment details and inspection bookings call/WhatsApp 09038723365

05/07/2020

*THE MILTON ESTATE*

The Milton is a sophisticated and lush land space with fast and speedy development that ensures you get utmost value for your investment. Living is easy with this Impressive, Modern & Serene Estate!

*Location*: Awoyaya
*Title*: Governor’s Consent
*Topography*: Dry
*Plot sizes*: 500 & 300 SQM:
*Prices*: N18.5m(introductory price)
*Payment Plan*: Up to 12 months
*Initial deposit*: N3M

*Features*:
* Potable Water
* Security Cameras
* 24/7 Power Supply
* Solar Street Light
* Drainage System
* Swimming Pool
* Lake Front
* Gym
* Recreational Park

*Neighbourhood*:
* Caleb British Int School
* Eko Akete Ocean Garden
* Edidot Schools
* Green Springs Schools
* Coscharis Motor
* Novare Mall
* Lakowe Golf Course
* Omu Resort
* Lufasi Nature Park

*Development timeline:* 2 years

With The Milton, we welcome you to a grand style of urban life!

*For further enquiries, Call/WhatsApp

05/07/2020

*THURSDAY BUSINESSES TALK*

*HOW TO START YOUR REAL ESTATE CAREER IN NIGERIA*

*Written By Dr Laide Okubena*

These days, real estate is considered to be one of the most profitable and growing businesses. In the Nigeria of today, you can make a lot of money by starting a real estate business, whether as a real estate agent or as an investor.

Starting your own real estate business is a good carrier option that comes with a lot of difficulties and challenges. The market is a well established one with tough competition from numerous new and established players. However, do not be intimidated by the competition rather focus on building a unique brand that stands out amongst the rest.

What is Real Estate?
Real estate is a property (consisting of land or buildings) or a huge collection of properties. On the other side, real estate business is the process of buying, selling or renting a property, building, home or land. Real estate agents assist homeowners, businesses and investors buy and sell all four types of properties.

The real estate business can be divided into further parts like loan servicing, residential and commercial properties etc. Examples of residential real estate include undeveloped land, houses, condominiums, and townhouses; examples of commercial real estate are office buildings, warehouses, and retail store buildings; and examples of industrial real estate include factories, mines, and farms.

Real Estate in Nigeria
Real estate in Nigeria is serious business. As a matter of fact, one of the longest-standing industry in Nigeria is the real estate industry. The industry has become a gold mine over the years, and many smart entrepreneurs have tapped into it and are making tons of profit.

Nigerians are always in need of residential apartments, office building, and commercial outlets. They look to either buy or rent buildings and structures of their choice, and they sometimes need to consult real estate agent or expert before making their choices.

This explains why the real estate industry abounds with business opportunities and has been ranked as the 5th largest contributor to the GDP of Africa’s largest economy.

How to start a Real Estate Business?
However, In order to be successful in this industry, one should have good knowledge and information in this field. This basic guide will equip you with the knowledge and information you need to acquire to start your own very successful real estate business in Nigeria.

If you think becoming a real estate agent seems like a good idea, you’re not alone.

Realtors enjoy flexible hours, the opportunity to be self-employed, a network of interesting people, and of course, the money. But how did all these people become agents? The fact is that most people who work in residential sales were in some other profession first.

Success as a Realtor is determined by your personality. It doesn’t matter who you know. Your age doesn’t matter. Neither does your education. What does matter is that you are an optimistic, can-do type of person — someone who is caring and interested in others. Successful real estate agents enjoy working with people and are great problem solvers.

In day-to-day practice, there are three functions that real estate agents perform: representing buyers, representing sellers, and building their business. And it’s easy to get started, no matter what you are doing now.

So how does someone currently in another profession switch to a real estate career?

Follow these steps and you’ll be well on your way.

1. Decide to Go Professional.

First, you’ll need to get a real estate professional training , which will require a certain amount of courses. The courses are mostly related to ethics, product knowledge, Sales/ Marketing , Legal documents, Digital Marketing and other consumer protections etc. Many online courses are available and also from reputable institutions but you can take live courses if you prefer.

You will need to learn those basic skills that is required to succeed in the real estate.

From Digital marketing, Sales and Marketing, Closing, Communications, Operations, Team work, Leadership , Content Creation and Negotiation etc

2. Choose a brokerage

A real estate brokerage is a company that is set up to help facilitate the business brought in by their real estate agents.

A brokerage will provide:

A brand to be affiliated with
A managing broker who can help guide your career
Some tools and light training
Business cards
Website
Signage
A desk
A contract to use

3. Legally register the business
If you really want to make this business to the highest level possible, then you have to legalize its existence by registering the business with the Corporate Affairs Commission (CAC). Registering as a Business Name with CAC is enough at this stage if you can’t afford to register it as a Limited Liability Company (LLC).

Also, watch out for the rules and regulations guiding professional real estate bodies in Nigeria to ensure that you are not operating against the law. Some of the popular real estate professional institutions to watch out for include; Association of Estate Agents in Nigeria (AEAN), Real Estate Developers Association of Nigeria (REDAN) and Nigerian Institution of Estate Surveyors and Valuers (NIESV).

4. Find a path to get training

Many agents are surprised to learn that their real estate certification does not prepare them to do the daily work of a real estate agent. In residential real estate there are many moving parts, from finding customers to closing deals. Real estate agents need to find a mentor, coach or some other form of training in order to be successful. “New agents have to learn a lot of information quickly.

5. Create a business plan

A real estate agent is essentially an entrepreneur. Although it’s tempting to skip business planning, or think about it without writing it down, most successful agents say that writing out a business plan helped them out tremendously. You can download a template to create your business plan.

6. Build your business using your contacts

As a new agent, most of your initial contacts will be family or friends. For most agents, getting the word out is the best way to use your contacts to build your business. First you create a list of your all contacts and put them together in a database. Then, send out an announcement about your new career and ask your closest people to help share the news. Put out information through your social media, start networking and soon you’ll have people interested in talking to you about representing them!

7. Develop your professional image

Real estate is an image-based business, and clients make a quick judgment call on whether or not you’re in contention for hire. Your image, which can influence your career more than any other factor, is conveyed by the way that you dress, the way you speak, the way you respond to others, and the way that others speak about you. You should hire a professional photographer and a professional writer to take your headshot and write your bio, which will be shared on your website, through social media and in marketing materials. Don’t be afraid to put your creativityuse
work!

8. Be ready to meet your first client

Seventy percent of real estate customers only interview one agent to sell their home! Leads may come from many places — for example, an office call, a referral, or from someone you already know. Always be prepared to handle the first contact with any client.

The timing of your response and the professionalism of your note or phone call will set the tone for the future. Potential clients are deciding whether to hire you when they first reach out. Remember:

Establish your credibility in every conversation.
Give a prompt reply. Demonstrate your reliability by responding in a timely fashion — 5-to-10-minute response times are best.
Avoid slang, jokes, emoticons or misspellings in emails, texts and any other written correspondence.
Once you get your first client, you are on your way to a career that can bring you joy and success for many years!

Question of the day

What did you learn from today's topic and are there some steps you are not yet doing, are you willing to learn , are you coachable and ready to take action and responsibility for a Successful career in real estate industry ?

Thanks for your attention and please stay safe and enjoy your day.

05/07/2020

▪︎OASIS COUNTY, EPE LAGOS▪︎

Oasis County is a fenced estate, 100% dry land and it's a ready to build land. Its located right in the heart of epe town.

Location - Poka, Epe, Lagos State.

Title (Free Hold) Deed Of Assignment, Registered Survey (C of O in view)

Price: N1.5million per plot.

AVAILABLE INFRASTRUCTURE:
1) Easy Road from the Highway to the land
(2minutes drive)
2) Electricity
3) Security

NEIGHBOURS:
- Ambode Housing Estate
- Atlantic Hall school
- Epe Resort
- Justice Oguntade Estate.

For more inquiries, send a DM or Call/Whatsapp-

05/07/2020

URBAN FEAT ESTATE IBEJU LEKKI
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Looking for Plots of Land to BUY and start BUILDING Instantly within the New Economic Centre of Lagos State? Urban Feat Estate, Ibeju Lekki offers you the opportunity to own real estate in strategic locations where there is Opportunity to Multiply Wealth & Increase Your Investment.

LOCATION: Proposed Lekki-Epe International Airport Axis, Elerangbe, Ibeju-Lekki, Lagos.

TITLE: Excision

Special Promo Offer on 600SQM
Outright NGN2,000,000
4 Months - NGN3,000,000
12 Months - NGN3,600,000

450SQM
0 - 4 Months - NGN2,400,000
12 Months - NGN3,000,000

300SQM
0 – 4 Months - NGN1,600,000
12 Months NGN2,400,000

For Payment details and inspection call 09038723365

05/07/2020

*VANTAGE COURT 2*

Imagine coming home to a gorgeous, bright and spacious starter home, lovely right?*

Vantage Court 2.0 offers units of stunning 3 bedroom all rooms en-suite semi-detached duplexes with BQ .

Situated in a family friendly neighbourhood near great landmarks like Novare Mall, Coscharis Motors, Corona School, Omu Resort, and so on, this property offers 450 square metre of living space, your family and loved ones will enjoy the cosy interior.

With a *Governor’s Consent* as title, your ownership is legally secured!

*PRICE* :
*Outright 0-6 Months:* *27M (All inclusive) Initial* *deposit of 3M*
*12 Months: 27.5M* *(All inclusive) Initial* *deposit of 7M*
*18 Months: 28M (All* *inclusive) Initial deposit of 10M*

Here are a few of its wonderful features:

* 24 hrs maximum security
* 18 hrs electricity
* Premium state of the art décor
* Top-notch recreational facilities
* Gated community
* Gated and interlocked compound
* Perimeter Fencing
* Modern drainage system
* Back-up electricity generator
* Potable water
* Impeccable road network
* Spacious parking space and so much more!

Will you be required to make additional payments? No!, 27 million naira price is all inclusive covering your documentation to help you seal a 360 ownership.

Don’t wait any longer, dial 09038723365 for more information

OluGold Properties

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Monday	09:00 - 22:00
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