The scarcity of housing in Nigeria has become a matter of growing concern. As with many other sectors in the country, some landlords have taken advantage of the situation by setting exorbitant rent prices. In many cases, you’ll find nearly ten people queuing up to pay for a single apartment, not really because they all love the same place, but simply because they don’t want to be homeless. And...
investment
In the realm of real estate investment, one strategy often overlooked by many is land banking. This involves purchasing undeveloped land in areas poised for future growth and holding it until the land’s value appreciates. For savvy investors, land banking offers long-term financial gains with relatively low maintenance compared to other real estate investments. What is Land Banking? Land...
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Before venturing into any form of investment it is important to gain adequate information on whatever you are investing in. A lot of people are interested in real estate these days and they source for information as regards to how to begin or what the pros and cons of investing in real estate are. It is important to note that not every information on real estate you come across is legitimate.It is...
LAND BANKING SYSYTEM. Banking can be defined as the business activity of accepting and safe guarding money owned by individuals and the lending it out in order to make profits or simply cover operating expenses. Land banking is a buy and hold technique, where investors instead of tying their money down, invest in landed properties when it is under developed and sell at a higher rate when the...