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Building Collapse: At Least 80 Police Families Identified For Demolition In Lagos

Even the police community has not escaped incidents of building collapse.  More than eighty Nigerian police families are scheduled to lose their housing to demolition at the Ikeja highway police barracks.   Police say they are on the chopping block as a result of structural defects.

This might not have become so urgent if not for a building in the barracks that collapsed and killed two persons.

In another incident in the same barracks during the time of police commissioner, Fatai Owoseni, News Agency of Nigeria reports that a sergeant and a civilian lost their lives on Christmas day when a part of the bathroom in their unit in the barracks collapsed while they had their bath.

Owoseni ordered a demolition of the building at that time.

Maigari Dikko, Deputy Inspector-General of Police in charge of works says some of the occupants in the barracks had been instructed to vacate the defective buildings for a long time, but they are still there.

He said the force is looking at ways to rehabilitate all defective buildings in all barracks across the country to avoid a repeat of the collapsed barracks building.

Source: Nigerian News

Why buildings collapse in Nigeria

As other countries are challenging and breaking engineering boundaries, approaching a kilometer in height of buildings, piercing through the skies and going closer to the clouds, going deep down the sea and stretching several kilometers, digging deep underneath the earth, breaking through rocks and building mega structures with resilience and flexibility to withstand earthquake, Nigeria is still struggling to build robust one storey, two storey and three storey buildings that won’t collapse.

Buildings have collapsed, are collapsing, and are likely to continue collapsing in Nigeria. But the recent collapse of a three storey residential, business, and educational building all under one roof, on one foundation and housing some innocent school children points to our insensitivity and lack of willpower to face the problem head-on. Buildings collapse due to myriad of reasons from natural to manmade and in some cases, due to negligence.

To start with, our schools of Engineering are not preparing seasoned engineers. Our schools are only producing students that memorised what they can’t put into practice on site.

So many engineers out there can’t use design codes, interpret, and implement engineering drawings. Also, some engineers leave construction site at the mercy of artisans with less or no supervision. Like the average Nigerian, most engineers are corrupt.

Reducing quality and diverting and making excess money on site.

Clients, especially the general populace focuses on the money aspect of a building over quality. As a result, most people resist engaging professionals, solely supervising and handling every aspect of their projects. Contractors on the other hand are greedy.

To maximise profit, they cut all sort of corners. Consultants and government officials are compromised to look the other way. On one of my recent visit to a three storey primary school under construction, I was shocked to realise that the person supervising the project has no engineering background.

In fact, when I asked him about the mix ratio he uses on site, his answer was that he uses his eyes to determine whether the cement is sufficient enough for the concrete from the colour of the cement after combinining it with enough sand, gravel, and water

. In a nutshell, he is not adopting the design mix for the structure. But then, what else do you expect when the contractor is a friend to the governor?

Construction is capital intensive. and in Nigeria, being in charge of a construction site is synonymous to becoming rich. So, everyone wants to join and eat from the cake. That was how a metallugical engineer supervised the construction of a faculty of engineering office while I was an undergraduate. That building brought so much shame to the whole faculty of engineering. Not until it was recently demolished and a new one erected. Because most Nigerians don’t know the difference between architects and Engineers, most architects tend to override engineers and hijack their responsibilities on site. And in some cases, architects will insist on aesthetic over structural integrity.

Source: Yahaya Idris

These 2 cities are defying the property downturn

While the powerhouse capitals Melbourne and Sydney are continuing to suffer a property downturn, it’s not all bad news for the rest of the country – if you know where to look.

In fact, some areas that had been weaker during the property boom are now beating the rest in a major rebound, according to property adviser Anna Porter, principal of Suburbanite.

“There are markets throughout the country that are seeing sales going through quicker [and] there’s more buyer demand, and that usually leads to some level of price increase,” Porter told Your Money Live.

“So that’s a big bounce-back for markets that might have been really subdued over the last couple of years.”

Unfortunately for investors in Sydney and Melbourne, that growth story is mostly a tale of just two cities: Brisbane and Perth.

“They’ve entered that timing in the cycle where you’ve got a lot of affordability coupled with a number of economic drivers. It’s driving that growth back up again,” she explained.

Good news for Perth

It’s been a particularly difficult five years for Western Australia’s capital city, with the property market delivering consecutive negative growth year-on-year.

“Everyone in the country has heard that Perth has been through some tough times. It’s had not only the housing boom but the mining boom coming off,” she said.

The good news is that it appears to be going through a surprise rebound, with a number of areas delivering solid growth, according to Porter.

While the property downturn is slowing, she said other economic drivers are also starting to come into play, such as solid employment figures and population growth.

And according to Porter, there are five key Perth suburbs that investors should watch, having delivered high growth in the last 12 months:

  • South Perth: 13.7 per cent
  • Glen Forrest: 14.4 per cent
  • Subiaco: 10 per cent
  • Murdoch: Nine per cent
  • Osborne Park: 7.4 per cent

Slow times over for Brisbane

Despite a positive 2016 and 2017 for the Queensland city, last year saw Brisbane’s property market feeling the pinch.

With higher lending restrictions, Porter said investors had been starting to look toward less expensive locations in regional Queensland, pushing buyers out of the more expensive Brisbane.

“We are now seeing some of the better Brisbane suburbs really power through the past 12 months, even in a declining or flat environment, and there are certainly a few stand out suburbs that are emerging,” said Porter.

While not all areas of Brisbane are in the growth zones, key economic drivers are  painting a positive overall picture for the city in the long run.

“We’re seeing some great data coming out, not just in the growth but vacancy rates are going down, days on market are going down… We’re seeing the buyer demand increasing,” she noted.

According to Porter, the Brisbane suburbs delivering high growth in the last 12 months include:

  • Greenslopes: 7.8 per cent
  • Nundah: Five per cent
  •  Ashgrove: 9.2 per cent
  • Hendra: 10.8 per cent

Source: Kylie Purcell

149 Defective Buildings Identified In Lagos

The Lagos State government has identified 149 distressed and defective buildings and marked them for demolition.

Prince Rotimi Ogunleye, Commissioner for Physical Planning and Urban Development, revealed this on Sunday after five houses were demolished on Lagos Island by the state government.

The commissioner said of the 149 buildings, 40 of them have been demolished.

Ogunleye stated that the demolition was done in order to avert the repeat of the collapse of the building in Ita Faji area of Lagos Island last Wednesday, that led to the death of 20 people. Many people were also injured in the incident.

The houses demolished on Sunday were 25, Elegbata Street, Apongbon; 199, Tokunbo Street; 27, Inabiri Street; 16, Egatin Street, and 45, John Street.

Ogunleye added that the state government would comb the whole state for structurally defective building, and advised landlords whose houses have been marked to either demolish them or risk forfeiting the houses to the government.

Speaking on how people secretly move into marked-for-demolition buildings, Ogunleye said: “In some instances, where the owners and occupiers were served with notices and evacuated, people secretly returned to re-occupy the buildings, despite the sealing off of the structures by the LASBCA.”

He warned that the government would invoke Section 74 of the Urban and Regional Planning and Development Law and move to take over any house or building that collapses due to the “negligence of owner or developer in the state”.

Source: Sahara Reporters

Finding Home: Affordable Housing Crisis Leads To More Homeless Students

Third-grader Naveah Taylor bounds out of Reid Park elementary school in a pink jacket and backpack. Her favorite subject is math.

“I learned about adding fractions,” she said. “You only can add the numerator but not the denominator.”

Naveah started school in Charlotte this year. Kindergarten was in Jacksonville, Florida. First and second grade were in Atlanta. Then her parents couldn’t care for her anymore, and she and her brother Dakari came to live with her grandmother in Charlotte. He’s adjusted to second grade here and his favorite subject is science.

“I like that we go and explore stuff,” he said referring to an experiment about the densities of liquids. “Like at school the other day, we did a rainbow jar.”

Dakari and Naveah are with their grandmother now. Alohma West brought the kids to live with her in the one-bedroom apartment in west Charlotte she already shared with her son’s family. With seven people and several air mattresses, it’s a tight fit.

“We are still there on top of each other,” West said. “But it’s still better than being outside on the street.”

West’s grandkids are considered homeless under a federal law called McKinney-Vento. The classification applies to students living in a motel, car or emergency shelter. It also applies to those living in someone else’s home because they lost theirs or can’t afford their own. This qualifies Dakari and Naveah for meals, academic support and transportation from wherever they are to their home school that year.

The Department of Education reports more than 29,000 kids in North Carolina were considered homeless in the 2016-2017 school year. About three-quarters of those are living with other families because it’s too expensive to live on their own.

According to Shantiqua Neely, it’s not necessarily because people don’t have jobs. She’s the executive director at A Child’s Place, the organization helps homeless CMS students and families. She said it’s because rent is too expensive.

“Over half of our parent and caregivers that we serve are employed,” Neely said. “Things like affordable housing and lack of access to livable wages, and other factors like inter-partner violence and histories of eviction, play a big role in contributing to what we are seeing as family homelessness.”

Charlotte-Mecklenburg Schools has the largest population of homeless students in North Carolina. Last year the district has identified almost 4,600. That’s up from nearly 2,500 10 years ago.

Neely said she is paying close attention to Charlotte’s efforts to make affordable housing a priority. The city says there’s a shortage of about 24,000 affordable housing units. She said she’s excited to see big corporations pitching in.

“I’m happy that we are talking about it in Charlotte,” Neely said. “But I’m looking for the day where it starts to translates to the population that we are serving.”

The city just approved spending more than $2 million to renovate nearly 80 apartments in east Charlotte to and keep them affordable. A quarter of those units would fall in the budget of most of the families that are in Neely’s program. She said the average family she serves makes about $800 a month.

CMS found through Project LIFT, a public-private partnership focused on west side schools, that kids moved so much that it’s difficult to track their progress. 50 percent of kids transferred to other schools after one year in the program. Neely said that movement is mainly within west Charlotte schools.

“We are servicing a family at one school and then we are in a meeting talking about that family, but that family is now at another school,” Neely said. “They are going back and forth all because parents are trying to look for that stability.”

Federal law requires the district transport kids from wherever they live to their home school for the rest of the year — even if they move outside the district. McKinney-Vento specialist at CMS Sonia Jenkins said about half of the 3,800 homeless kids this year live outside of their school zone, some even moving to Rock Hill or Gastonia because it’s too expensive to stay in Mecklenburg. She said the district spends $2 million on their transportation.

West is searching for a more permanent place and wants her grandkids to have some stability after years of being on the streets and sometimes living in squalid conditions.

“They definitely need a stable environment coming from not being fed, to being abused, to living with rats,” West said. “I mean, I listen to stories now that they have been with me a while. They are opening up more and they are telling me how the rats used to sleep in bed with them and it breaks my heart.”

CMS found students considered homeless were more likely to be behind in reading skills and tend to miss school more often.

School buses are pulling up and kids file out into the parking lot of the Center of Hope Salvation Army shelter in time for dinner. Today it’s chili, cornbread and salad.

As Kimberly Washington gets her food, she tells me her 8th-grade son didn’t get to school that day.

“He actually missed it this morning,” she said. “[The school bus] was one minute early.”

Because Washington doesn’t have a car, her son stayed at the shelter. They have been living in the shelter for a little more than a month. Washington said she ended up here after bouncing around homes of her family and friends. It started when she left an abusive relationship.

For a time, she was renting a room in a house — it was expensive. Then, she lost a temp job.

Washington is about to start as a cashier at Chick-fil-A. She’s planning to start saving up so she and her son can move out of the shelter. But as she looks for places, she’s finding rent has gotten more expensive.

“The wages that are earned in Charlotte, the compensation matching the cost of living. It just simply doesn’t,” she said. “I don’t understand how even though market rates increase, how rates of pay don’t match that.”

Washington’s applied for housing assistance but like many others, has been on the waitlist for years. She said she’s not expecting to get a voucher anytime soon.

But Alohma West is proof that a voucher doesn’t make it easier to find a place. She’s been looking for a bigger place for her and the two grandkids with a voucher, which provides a little more than a $1,000 a month. She said she’s called more than 30 places and is on several waitlists.

“But the problem is everywhere you look, nobody wants to take the voucher,” West said. “I can’t just sit. I have to get out. I don’t have a car so I have to look for something on the bus line. It’s been rough.”

While dealing with all this stress, West is trying to keep life normal for her 8- and 9-year-old grandkids. They have a homework routine after school and on the weekends, she tries to take them to free activities.

Often Dakari, her grandson in second grade, said they end up doing stuff at the apartment.

“Because she do not have a car to take us anywhere,” he said. “So lately, she hasn’t had enough money to do stuff so we just do stuff at home.”

His sister Naveah added that she’s looking forward to finding another place to live that’s less crowded so she can take her Christmas present out of the box. She’s been waiting a few months to open the easy bake oven.

“We got to get a bigger space because there’s a baby in the house and he messes with completely everything,” she said.

West has until May to find a place with the voucher before it expires. She is searching for anywhere in the county so the children can stay in CMS schools.

Source: Wfae

March is traditionally a strong month for Australia’s housing market, but not in 2019

For what is traditionally a seasonally strong month for Australia’s housing market, March isn’t proving to be all that strong in 2019.

Clearance rates still remain well below the levels of a year ago while prices in Australia’s largest cities are continuing to fall at decent clip, according to latest data.

According to CoreLogic, Australia’s preliminary combined capital city clearance rate rose to 56.1% last week, up from the initial estimate of 52.2% reported seven days earlier.

The lift came despite more homes going under hammer, lifting to 1,894 from 1,196 in the prior week.

Of those auctions held, CoreLogic received results from 1,416, equating to a reporting rate of 74.8%. That was above the 73.4% level seen seven days earlier.

Of those results received, 797 homes sold prior to, during or after auction. 619 failed to sell, including 108 that never actually made it to market.

While the national clearance rate currently sits well above the record lows struck late last year, the 56.1% level still remains well short of the 66% level seen a year ago when a far larger 3,316 homes went under the hammer.

Across the individual capitals, Sydney, at 63.1%, recorded the highest preliminary clearance rate across the country, followed by Canberra at 55.4% and Melbourne at 53.7%.

While that was an improvement on the levels of a week earlier, all three cities still recorded a lower preliminary rate than the final rate registered in the same corresponding week a year ago.

Elsewhere, preliminary clearance rates also improved in Perth and Brisbane compared to a week earlier although Adelaide, at 54.8%, was marginally weaker than the 55.3% level recorded seven days earlier.

Given the national preliminary clearance rate and reporting rates, the final clearance rate for the week is likely to be revised down to the low 50% region when released by CoreLogic on Thursday.

In the prior week, the preliminary national estimate was revised down from 52.2% to a final reading of 47.8%.

Despite the improvement in clearance rates in early 2019, that has not helped to stabilise home prices which have continued to fall.

Based on settled sales received, daily data from CoreLogic showed prices in Sydney and Melbourne fell by 0.3% last week, outpacing declines of 0.2% in Brisbane and 0.1% in Adelaide. Perth prices were stable compared to a week earlier.

Those weekly declines extended the price falls in Sydney and Melbourne since the start of the month to 0.6% and 0.5% respectively. Prices have also fallen 0.2% in Brisbane and Adelaide since the end of February. Mirroring the weekly result, prices in Perth have been flat so far in March.

While prices in Sydney and Melbourne have now been falling for well over a year, the recent scale of declines in both cities is noteworthy given March is traditionally the seasonally strongest month for home prices in Australia.

Even with far fewer new properties being listed, prices are continuing to ease lower, reflecting the impact of tighter lending standards, uncertainty ahead of the federal election and expectations that prices will continue to fall in the period ahead.

The lift in auction clearance rates suggests that along with reduced volumes, price expectations among vendors may have also been adjusted lower, contributing to more properties clearing than what was the case late last year.

Source: Businessinsider

LSDPC, firm target middle-income earners for Ogudu project

In a renewed bid to cushion effect of housing shortage in Lagos, a new housing project is being considered at the Ogudu Government Reserved Area extension, Alapere, Lagos.

The project, a Public Private Partnership (PPP) initiative is at the instance of the Lagos State Property Development Cooperation (LSDPC) and Direct Construction Nigeria Limited. The housing development called ‘The Avenue Estate’ hinges on the urban renewal drive of the Lagos state government and is situated in an expanse of land of about 17,000sqm at the Ogudu section of the Alapere/Oworosoki expressway.

It consist, 48 units of four bedroom semi detached duplex with one bedroom boys quarter and facilities which will include, five A-side football field, gymnasium, swimming pool, children play ground, 24 hours electricity, good drainage system, water treatment plant, central sewage system and other facilities.

Due to a reduction in the supply of luxurious and contemporary quality housing in the mainland as a result of increasing demand, which has led to many relocating to the Island to seek for desired homes, LSDPC in partnership with Direct Construction Limited is set to change the narrative.

The location is strategic and the most convenient connecting points between the mainland Lagos and the Island Lagos.

Specifically, the location offers the best of serene and secured environment while the designs and structures are tailored made as well as allow for a workable deliverable price as agreed between the subscribers and the developer.

Average unit of the housing will occupies about 174Sqm floor space of livable area, typical ground floor and first floor. Each semi-detached house has car park space for up to three to four cars.

According to sources, mortgage facilities would be made available through the Lagos Building Investment Company Plc (LBIC) for intending subscribers.An official of LSDPC, Olusola Martins said the project aimed at providing houses for residents who falls within the middle as well as those in the upper income class of the population.

He told The Guardian that subscribers would be introduced to mortgage facilities to enable them have access to finance and purchase their units.

He said, “The target buyers are the middle classes; we are also looking at the upper middle class as well. The project is embarked on, to provide more houses for Lagosians.

We have arrangement with mortgage houses that would also provide mortgage for buyers.

“When people come, we introduce them to mortgage houses that can give them mortgage so that they won’t need to bring out the whole money from their pocket”.

Price for unit is offered at an introductory price of N65, 000,000 for outright sale and a twelve months installment payment plan. The delivery period for the project is 12months.

Source: Guardian

Iceland’s house prices rises decelerating rapidly

Iceland’s housing market is now cooling, amidst slowing economy. Nationwide house prices rose by just 3.01% during 2018, a sharp slowdown from a y-o-y growth of 12.89% in the previous year. In fact in a quarterly basis, house prices actually dropped 0.29% in Q4 2018.

Iceland saw a housing boom from 2002 to 2007, with house prices surging by more than 73%. However house prices plunged by 32.5% from early-2008 to 2010, due to Iceland’s extreme exposure to the global crisis. The housing market was quiet during the next three years, with house prices rising a meagre 5%. Iceland then saw strong house price rises of 5.22% in 2014, 6.89% in 2015, 12.55% in 2016 and 12.89% during 2017, attributed to strong demand coupled with limited housing supply, especially in the capital city of Reykjavik.

Analysis: Housing boom is fuelled by strong tourism

The continued increase in property demand in Iceland is fuelled by booming tourism. In 2018, foreign visitor arrivals to Iceland through the Keflavik Airport rose by 5.5% to more than 2.3 million people from a year earlier, according to Icelandic Tourism Board. Most tourists come from the United States (30%), the United Kingdom (12.9%), Germany (6%), Canada (4.3%), France (4.2%), Poland (3.9%) and China (3.9%).

Rents, rental yields: no reliable yields data

Recent news:  Iceland’s economy was estimated to have expanded by about 3.8% in 2018, a slowdown from expansions of 4% in 2017, 7.2% in 2016 and 4.1% in 2015, as the economy approaches full capacity. Economic growth is projected to slow further to 1.7% this year, the slowest pace since 2012, according to Statistics Iceland.

Source: Global Property Guide

Property developers advised to abide by FCT Laws

The coordinator, Abuja Municipal Management Council (AMMC), Umar Shuaibu, has said there are basic laws that property developers in the Federal Capital Territory should know in order not to fall foul of the Department of Development Control.

Speaking in an interview with Newsmen, Shuaibu said developers need to know whether their properties are residential or commercial and whether it is low, medium or high density development.

Shuaibu, a town planner, said all the categories have their building requirements.

“For low density you are supposed to put only two families; medium density four to six families; while high density houses about eight families.

“And for low density you cannot go more than two floors; medium density two to three floors: while high density is four floors. Commercial properties have their own criteria; we have neighborhood centres and city centre development, all have categories like the height you can attain and percentage area coverage.”

He said developers who need to know more about these have to come to the FCT Development Control Department to obtain the development manual of the city which will guide them on the do’s and don’ts.

Source: Daily Trust

Legal knots buyers can’t ignore when buying properties

Whether for personal or commercial investment purposes, there are legal issues buyers must give adequate considerations to enable a seamless acquisition and avoid bundles of litigation.

Checks by BusinessDay revealed that most Nigerians do not take into consideration some legal requirements on a property before purchasing, hanging their fate on the neck of agents.

The trust on the property realtor to carry out all due diligence on a property, sometimes as a means of reducing cost, make people fall prey to dubious and fraudulent property dealers.

 Analysts polled by BusinessDay reeled out the step-by-step legal requirements that should be ascertained by a potential property owner before making payments for a property.

Yemi Opemuti, chief executive officer at BAM & GAD Solicitors, a commercial, corporate and business law firm, explained to BusinessDay that initial considerations must include all title documents such as a purchase receipt, survey, title documents, that is, certificate of occupancy or approved building plan of the owner in the case of a landed property with an existing building.

“Ask for survey, go and chart the survey at surveyor general’s office to determine whether the land falls under government acquisition,” he advised.

This is imperative as many developed areas in Lagos fall under acquisition without buyers knowing.

“A property might be on Adeyemi Street in Lekki Phase 1, but unscrupulous sellers can present you the survey of a property on another street where the land is free from acquisition,” Opemuti explained further.

Breaking down the due diligence requirements, he said that since the certificate of occupancy is issued only once by a state governor, buying a property with an existing C-of-O will require application for governor’s consent. The consent acknowledges the transfer of ownership to the new buyer.

Corroborating him, Florence Alao, a real estate legal adviser, said a buyer must first ascertain if the property has been registered.

 “That is if it has a titled document in the name of whoever you are buying from, not from a roadside agent (Omoniles) who issued the person a land purchase receipt and also the registration of the property  should not be ongoing as at the time of the purchase,” Alao told BusinessDay.

Secondly, a legal research has to be conducted to ensure the property is not in combat or pledged for a credit facility because, in that case, the bank will register their interest on the title, Alao explained.

But legal issues vary from place to place and case to case.

In Lagos State, for instance, there are federal lands in some parts of Ikoyi, Festac Town and Abeokuta Expressway and likewise other locations. In these locations, buyers have to apply to the federal ministry of works for either C-of-O or consent which will be signed by the minister of Power, Works and Housing on behalf of the federal government before acquisition happens.

There are also areas in Lagos where excision—land acquired by the state government but later released to the customary or native land owner – is necessary.

“This is common within the Lekki area down to Epe. The excision is covered by gazette including the title of the customary owners, Opemuti noted.

“In that situation, a buyer needs to ask for the excision.”

Based on that, the buyer can make enquiry at the land registry as regards whether the excision given is genuinely issued by the Lagos state government to avert fraud.

However, there are also other issues buyers must be sensitive to.

If a property is to be sold by a company, a minimum of two directors must sign the Deed of Assignment, that is, the contract between the buyer and the seller.

Opemuti advised that soliciting lawyers in such case could conduct a search on the company to determine whether the signatories are current directors of the company. If not, it may result into a bad sale.

In the event of purchasing a property tagged Mr and Mrs, the husband and the wife must also sign.

Where  the owner is late, a buyer needs to seek granted probate will or ask for letter of administration in the event that the owner died intestate.

Granted probate will is the will by the former owner registered with the court while ‘letter of administration’ is for someone that died without a will.

Either the wife of the deceased or the children or family member could be appointed as the administrator of a property. If not, a buyer should decline until that is done in the court.

In the case of a family land, buyers must seek principal members of the family or accredited members capable of being signatories. If a party is selling on behalf of the other, a buyer must seek the registered power of attorney to sell.

The process of buying land in Nigeria could be challenging and poses a great risk without being properly guided.

Explaining his horrible experience to BusinessDay resulting from a property he acquired around Fadeyi in the Lagos, a buyer, who did not want to disclose his name, said “till today the property I bought through the help of an agent my brother recommended to me is still in court.”

He explained that after “I bought the four flat apartment with all necessary documents given to me, another man came to the house six months later and had same documents as the ones that were presented to me claiming ownership of the property.”

He admitted that he did not carry out any form of legal investigation as he was told that the agents knew how to go about getting everything and considering “my brother recommended him, I didn’t have any reason to waste money, but now I regret not doing all that.”

Responding to why most people do not like to involve a legal professionals when acquiring a property, Yemi Stephens of Estate Links said people do not recognize the place of a professional in a real estate transaction because they want to save cost.

“People don’t like paying professional fees and it is penny wise pound foolish,” Stephens said. He explained that even being a professional in the real estate industry does not stop him from consulting a Lawyer to help with his paper work when he wants to acquire a property.

“I can conduct due diligence search on a property but still what the trained eyes of a lawyer will see I might not be able to see. The case is the same for an engineer or a lawyer who is asked to come and do valuation of a property; they might not be able to see what I will get out from a property,” he noted.

On other areas where the expertise of a legal professional is required during the acquisition of property is confirming the originality of the property documents.

“There is also need to do verification to know if it is the original title you are holding, because sometimes title documents are cloned and this can be verified with the land registrar because they usually keep an original copy of a property document they issue,” Alao cited.

BusinessDay checks have shown that getting registration for land and real estate properties is one of the many issues that drags Nigeria’s property market which  is deficient by more than 17 million units.

“The land registry process, as I was told you, takes two weeks, but in the last two months I have been having an issue, and I have been advised by friends who have had similar issues to get a solicitor to help push on it,” a developer in Lagos told BusinessDay on condition of anonymity.

Source: Okafor Endurance

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