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Nigeria’s Commercial Real Estate Market to Hit $362.27 Billion by 2025 – Report

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Nigeria’s commercial real estate sector is on a trajectory of remarkable growth, with its market value projected to reach $362.27 billion by 2025 , according to a recent Statista Market Insights report. The report highlights a steady Compound Annual Growth Rate (CAGR) of 2.40% from 2025 to 2029 , pushing the market volume to an estimated $398.33 billion by 2029 . Surging Demand & Foreign Investments Nigeria’s real estate sector is currently witnessing an influx of foreign investors , driven by the country’s expanding economy and increasing demand for commercial properties. Across the nation, several high-profile commercial developments are underway, spanning office spaces, retail centers, industrial facilities, multifamily housing, hotels, and warehouses . Major Developments Reshaping the Sector One of the standout projects making waves is the recently inaugurated N80 billion Purple Lekki Mall by Messrs Purple Real Estate . This ultra-modern, eight-floor mixed-use retail hub sit...
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Debunking the Dark Side: Exposing the Negative Myths of Real Estate Investing

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  Debunking the Dark Side: Exposing the Negative Myths of Real Estate Investing  (Here are 10 myths you must overcome to become a successful Real Estate investor ) In the world of real estate, myths and misconceptions abound, casting shadows of doubt on the true potential of property investments. Join us as we shine a light on the negative myths surrounding real estate, challenging conventional wisdom and uncovering the truth behind the misconceptions. Discover the untold story of real estate investing and unlock the secrets to building a successful portfolio that defies the myths. It's time to debunk the dark side and embrace the bright future of real estate. 1. Myth: Real estate investing is only for the wealthy.    Fact: Real estate offers various investment options accessible to a wide range of investors, not just the affluent. 2. Myth: Real estate has a slow back payment period     Fact: Depends on the investment strategies you opt-in...
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5 Cheapest Places to Live in Abuja (You Don’t Want to Miss No. 3!)

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  Knowing These 5 Places Will Save You A lot of Money Are you considering moving to Abuja but worried about the high cost of living? Fear not! While Abuja is known for its upscale neighborhoods, there are several affordable areas where you can live comfortably without breaking the bank. In this blog post, we’ll explore the top five cheapest places to live in Abuja, with a special emphasis on No. 3 – a place you definitely don’t want to miss!   1. Lugbe Lugbe is a popular choice for those looking for affordable living in Abuja. Located along the Airport Road, it offers a variety of housing options, from self-contained apartments to three-bedroom flats, all at reasonable prices.   Average Rent: ₦ 1,800,000  per annum   (2-Bedroom) Highlights:  Proximity to the Nnamdi Azikiwe International Airport, easy access to the city center, and growing commercial infrastructure.   2. Karu Karu, situated on the outskirts of Abuja, provides a serene environment and af...
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11 Things No Homebuilder Would Dare Tell You Before Taking a Deposit (Number 5 Could Cost You Thousands)

  Building your dream home is an exhilarating journey, but it’s also filled with potential pitfalls that no homebuilder will volunteer before taking your deposit. Understanding these hidden truths can save you from unexpected stress and financial surprises. Here are 11 things every prospective homeowner needs to know: 1. Upgrades Are a Money Pit Ever walked into a model home and felt the urge to upgrade everything? That’s by design. Builders lure you with a base price, but the real cost balloons with each premium feature you add. Granite countertops, hardwood floors, and designer fixtures all add up quickly. 2. The Completion Date is a Moving Target Builders love to promise a speedy timeline, but the reality is often different. Weather delays, supply chain hiccups, and labor shortages can all push back your move-in date. It’s wise to prepare for some flexibility and have a plan B. 3. Quality Can Be Compromised** The materials used in your home might not be the top-notch options...
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