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Know This: before buying land.

When purchasing land or property in Nigeria, a prospective purchaser of any property (or normally his solicitor) should have two main concerns: First, he or she must be sure that the vendor of the property is really entitled to sell it. Thus, the buyer must first insist that the vendor proves that his legal title to the land is good…

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5 Land Investment Myths and Facts

In the real estate circle, there are beliefs, ideas and submissions that have been commonly maintained for such a long time that they are true but in reality, they are nothing but land investment myths. Before we highlight some land investment myths in Nigeria, let’s start by defining what a myth is. What is a Myth? A myth is an…

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Mortgage In Nigeria

A mortgage is a loan from a bank or a financial institution that helps the borrower purchase a house. A mortgage is secured by the home itself, so if the borrower defaults on the loan, the bank can sell the home and recoup its losses. Mortgage payments are usually monthly and consist of four components: principal, interest, taxes and insurance. Mortgages are a good method of investment especially…

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