Why this is the right time to buy that property on 123 street!
 
‘Sizable hole behind the house’ ‘Suitcase under the bed’ ‘Coolers in storage’, whichever old fashioned storage option you’ve chosen to avoid excessive bank charges and for your supposed peace of mind, none of them are better than an investment in the real estate market. Being liquid in this economy, at this time may not be the best financial decision, invest in property and watch your money appreciate.


If we had a kobo for every ‘when things get better’ proclamation, borderline prophesy we get from clients in these times – it would be ‘Cabo and Cocktails’ all the way to the bank. However we are of a different school of thought. On the surface, the state of the economy is discouraging but we believe with proper guidance in the right direction, this is the time to make the best financial decisions of the year! Hear us out.

RE/MAX has devised a low risk, low capital and even lower payback rate for real estate financing. The first of its kind in Nigeria.

Through a strategic alliance with a reputable insurance firm, developers and clients, you can now dig up your life savings from your back yard and pay a modest down payment of 50% on a variety of properties throughout Lagos. The title documents for these properties are held by the insurance company to protect the interest of all transaction stakeholders. It gets better as scheme swaps high mortgage interest rates, for a low annual bond rate of 1.25% and repayments can be spread up to 5 years, or whatever number of years are agreeable by the seller. Pretty straightforward right?

Got questions? Speak to a RE/MAX agent on how you can invest in real estate with the Home Ownership Guarantee by RE/MAX.
There’s no need for an expensive gym membership or hi-tech equipment to slim down this year. Here are a few suggestions for creating a home gym, even in a small space.
Designate a space
Regardless of whether your workout space is an entire room or just the width of a yoga mat, take steps to separate it from the rest of your living area. Experts agree a dedicated space helps keep you motivated. A room divider can help separate your equipment from the rest of your life — and prevent it from becoming a drying rack for your laundry.

Admire and inspire
A mirror can make all the difference when it comes to checking your alignment and preventing injury. It can also give you a way to check your progress, or keep an eye on those love handles for extra motivation.

Equip yourself wisely
If you’re short on space you can find treadmills, rowers, TRX machines and even bikes in fold-away options. Adjustable weight sets take up a fraction of the space of a whole set of dumbbells. And a chin-up bar across a doorway takes up no floor space at all.

Turn the music up
An upbeat playlist can be a huge motivator for going the extra mile. Install speakers in your workout space, or find portable ones that can link to your phone.

Looking for a home with the perfect space for a home gym? A real estate agent can help in your search. Find one here




I became my own landlord at the age of 30, but not in the way you think. I didn’t win the lottery , borrow from friends or family, or even get a mortgage!

For me, being my own landlord means being in control of my living situation, at all times. It means security, it means leaving a legacy, and it means teaching a lesson and being an inspiration to others.

I didn’t take a leap-of-faith into being a homeowner. In fact, I didn’t leap at all. I took two intentional steps that all but guaranteed my success:

Step 1: Deciding what’s important
Before I planned anything, I had to figure out what mattered to me. The incessant ordeals with my landlords and rent fluctuations were the two reasons I knew that I wasn’t suited to being a  tenant. I knew something had to give. While I didn’t care about living in extravagance or excessive luxury (nor could I afford it at the time), I wanted to own where I lived. 

Step 2: Taking steps toward homeownership
I have a full time job, and like 80% of the working population, I also have a side business. I began aggressively saving towards property investment and despite the sacrifices I made to hit my target, I found myself discouraged when I received the monthly statement of my savings account. The state of the economy had taken its toll – depreciating currency and exorbitant house prices pushed the finish line further away!

I was advised by family and friends to take out a mortgage. In fact, after mentioning I was considering taking a mortgage, my banker friend was very happy to bring over the paperwork at his next casual visit to my house. However, the interest rates were just too high, and I had heard stories of repayments gone wrong. I succumbed to the pressures after another episode with my landlord and began looking for a property to take out the mortgage on. I was introduced to a RE/MAX agent to make the search a bit faster as by this time, my lease was about to expire and I didn’t think I would last another year. 

At our first meeting, she was very open and pleasant and showed me a couple of properties that fit my description/ budget and as though she’d heard the back and forth conversation I was having with myself in my head about my hesitance to get the mortgage, she let me in on a life changing secret. You know those defining moments you probably won’t forget? Yes? I had one of those.

Through a strategic alliance with a reputable insurance firm and some RE/MAX home owners, clients and developers, RE/MAX offers potential homebuyers a simplified, affordable and secure path to homeownership. With a 50% down payment of the entire purchase value, buyers can choose to occupy the property while the balance is paid in flexible instalments. All prospective stakeholders are guaranteed the security of the title documents as these are held by the neutral party – an insurance firm. It gets better, the repayment value is only charged a bond rate of 1.25% annually, that’s 1.25% of whatever is left to be paid and repayments can be spread up to 5 years or whatever number of years are agreeable by the seller! Incredible, I thought.

I write this from the comfort of the study room in my newly acquired 4 bedroom apartment, located at Friend’s Colony, Lekki. I have 1 more year until my final payment which I intend to pay on my 30th birthday, as my gift to myself.

You too can take advantage of this opportunity, speak to a RE/MAX agent to find out more about the scheme and whether you qualify, call Lesi 07026020181, Chigozie 07026079797 or Ladi 0702602139 or visit the website



Construction in Lagos is changing not just the skyline of Lagos, but also the lives of its residents. For example, Nigeria's first suspended bridge, also known as the Lekki Ikoyi Bridge, is not only a marvel to behold, but also a popular watering hole for many Lagosians. Further constructions such as man-made islands (Orange Island and Eko Atlantic), are also completely transforming the landmass and shape of the city.

And construction is not slowing down any time soon. With the number of buildings, developments and infrastructural projects currently underway, in 2016 the Lagos streetscapes and skyline will drastically morph into something new.

Future Lagos and Lamudi have compiled  a list of buildings and developments to look out for in 2016.


1. Orange Island
Estimated completion date: 2018/2019




This ambitious real estate project, classified under the new neighborhoods, has been christened as Orange Island. The development, which is already underway, is estimated to cover 150 hectares of land in Lekki, Lagos State. Orange Island, which is similar to Eko Atlantic City project, is a newly berth planned city on the Lagos lagoon, estimated to cost N40 billion and to accommodate 25,000 people.


2.The Lorenzo
Estimated completion date: 2018


Sujimoto Construction Limited has unveiled this 25-storey building which stands as the tallest residential building model in Lagos. The Lorenzo has revived the Florence magnificence as a symbol of structural mastery, bringing ancient grandeur into 21st century architecture.

3.Oasis Centre
Estimated completion date: 2016/2017


The Oasis Centre is a mixed-use scheme with retail and hospitality elements currently under construction on Mobolaji Bank Anthony Way in Ikeja.  The centre will offer 6,100 sqm of leasable retail space, spread evenly across the ground and first floors. Above that, there will be a 200-room hotel, which is expected to be managed by an international brand.


4.Chelsea Hotel
Estimated completion date: Not stated


The site is located at  the intersection of Kingsway, Gerrard and Osborne Road, and considered to be prime real estate in Ikoyi  by prospective real estate developers. Multiple access points, high visibility, coupled with the exclusive Ikoyi location help boost its suitability. Although humble, construction has already commenced on the site of the five-star hotel, developed by the Chelsea Group. The hotel, which will consist of 10 floors and 176 rooms, is estimated to cost $25 million. The distinctive  style of the building will enable completion of the building to be considerably faster than other developments, which typically use concrete.

5.Lagos Urban Rail - Blue line 
Estimated completion date: 2016

The blue line was initially slated for completion in 2011, but has suffered delays due to funding problems. Lagos State Governor Akinwunmi Ambode said in November 2015 that the state’s light rail project would be completed by December 2016 and would commence operation immediately.


6.Marriott Lagos Waterfront Hotel
Estimated completion date: late 2017/early 2018

The Marriott Lagos Waterfront, located on Ozumba Mbadiwe road is set to be the latest addition to so-called hotel row. It sits in good company as it joins a neighbourhood of three already existing hotels; Radisson Blu, Anchorage and the Oriental Hotel. Slated to be the first Marriott in Nigeria, this Quantum Luxury Properties development will sit on 5,300sqm, and consist of 10 floors and 200 rooms.


7. Atlantic Resort


 The Atlantic Resort is a multi-purpose development managed by Grenadines Homes. The project is located on Water Corporation Drive, off Ligali Ayorinde Street, Victoria Island. It is designed to house two residential towers and one multi-purpose tower, to be used for commercial and hospitality purposes. The residential tower will consist of 142 one- to three-bed apartments, while the multi-purpose tower will comprise of a 50-room hotel and over 15,000 sqm of lettable office space.


8. Wings Office Complex, Nigeria
Situated in the heart of Victoria Island, the Wings Office Complex is a commercial development consisting of two towers with over 27,000 sqm of lettable office space. The grounds include 700 parking spaces, a gym, boat jetty and restaurants. Construction at this site is already underway and by the looks of things, Cappa & D’alberto will complete construction by the second quarter of 2016.


9. Kingsway Tower, Ikoyi
Kingsway Tower adds to the list of high-rise commercial developments set to transform the vertically growing skyline of Lagos. The building, which is located on the corner of Glover Road and Alfred Rewane Road in Ikoyi is a 16-floor mixed use building offering offices, ground floor retail, restaurants and basement parking. Originally slated to be completed at the end of 2015, it is expected to be ready for use by early 2017.


10. No. 4 Bourdillon

This luxurious 25-storey residential building is located on Bourdillon Road, Ikoyi, and once completed, will be the tallest building in Ikoyi. The Kaizen developed property features an endless list of world class amenities such as: an international size tennis court; an adult swimming pool, children’s swimming pool; a clubhouse; leisure room; outdoor children's area; gym; panoramic lifts; service and goods lifts; gardens; and external visitors parking. Prospective buyers can look forward to three-bed apartments measuring 510 sqm, four-bed apartments measuring 584 sqm, four-bed duplex apartments of 969 sqm and four-bed penthouse apartments measuring 967 sqm and 1,137 sqm. Each unit is fitted with a wrap-around balcony to give tenants a panoramic view of the beautiful Ikoyi skyline. Lush!
                       







Next PostNewer Posts Previous PostOlder Posts Home

Subscribe to us