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TOP 5 WEBSITES FOR REAL ESTATE INVESTORS IN NIGERIA

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With the advent of technology, Nigerians no longer have to go through the tedious process of scouting for  landed property for sale or rent . Several  real estate websites  have appeared on the scene to make property trade easier through the use of the internet. Nigerians can now breathe because a property has never been easier to find and can now be traded at the touch of a screen and in a reasonable time. Find below some of the best real estate websites in Nigeria that offer quality service: Joe Nigeria Real Estate Agency in Uyo This is a real estate search engine for smart investors in Nigeria and around the world. Here, you get enough real estate/property listing, tips, tools and other materials needed to excel in real estate business. to confirm this google Joe Nigeria near me. Jiji.ng This is a simple but powerful marketplace for buyers and sellers. Nigeria Property Centre Nigerian Property Centre has in-depth coverage of over 20,000 prope...

HOW TO BECOME A REAL ESTATE AGENT IN NIGERIA

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Do you want to become a real estate agent in Nigeria? Real estate agents exist for at least one reason: homeowners looking to sell their houses can't hawk them on the streets or post them off to buyers. Houses are heavy things; people who own them are usually involved in some other business that pays more regularly. They need agents to hunt down buyers because they, probably, don't have the time or connections, they'll need to do so successfully. Prospective buyers also have to make the most of the little free time they come upon to find the best houses they can afford. This mission could be stressful and energy-sapping, even in the world's most organized towns and cities. In developing countries like Nigeria, where the streets are mazy and intra-city transportation is a testing ordeal, house-scouting without an agent is a sure way to get you totally worn out and utterly disappointed. There are good reasons to want a real estate agent job. Nigeria currently stru...

TAXES APPLICABLE TO REAL ESTATE IN NIGERIA

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What is Tax? Tax has been defined as ā€œa universal contrivance whereby the government imposes upon its citizens; a compulsory financial levy The common public representation or perception that there are no real property or  real estate  taxes in Nigeria is not correct. Real property transactions in Nigeria are subject to various forms of taxation and this article entails the principal taxes that apply to real estate or real property transactions in Nigeria.  The Capital Gains Tax Act provides that any time an asset, including a real estate asset, whether situated in Nigeria or outside of Nigeria, is disposed of by a Nigerian taxpayer and gain is derived as a result of such disposal, the resulting gain or profit shall be liable to a ten per cent  (10%)  Capital Gains Tax ("CGT") less such allowable expenditures that were utilized to enhance, preserve, or defend the title to the asset.   However, gains arising from the disposal of an individua...

PROS AND CONS OF REAL ESTATE INVESTING IN NIGERIA

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Pros Cons Pros Less risk and volatility than the stock market Can be a good source of cash flow Properties deliver good long-term return Cons Not as much potential for aggressive return Can require a lot of cash Poor liquidity Dealing with tenants and building issues can be difficult More Pros of Real Estate Investing Lower risk than the stock market : The housing market isn't subject to as much of the same volatility as the stock market. You don't have the same earning potential, but you can count on a steady incline most of the time. Steady cash flow : When you have enough rental properties going, you can generate a reliable revenue stream for your business. Good tax breaks : Real estate investors can deduct all sorts of expenses from their taxes, including mortgage interest, depreciation, property tax, and more. Long-term returns will usually be positive : Over time, most properties will appreciate in value. More Cons of Real Estate Investing Potentia...

PWAN GROUP ESTATES ACROSS NIGERIA

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 What is the meaning of PWAN ā€˜PWANā€™ is an acronym for ā€˜ Property World Africa Network (PWAN) and we exist to make Home ownership dream a reality for all in Nigeria, Africa and beyond. PWAN is the the first real estate network marketing company in the world and we remain in the forefront of the property market in Nigeria as an indisputable market leader.  PWAN operates with many affiliates like PWAN Max, PWAN Royale, PWAN Advantage, PWAN Perfection , etc What does a PBO mean? PBO means PWAN Business Owner. As a PBO, one is not just part of the company, but also a team leader. One unique thing about a PBO is that he or she has the opportunity to empower everybody around him or her. The PBO also has a chance to become a proud owner of a piece of land in any of the companyā€™s exquisite estate across the country, within two to five years of partnering with PWAN. Precisely, a PBO is involved in the business of selling lands to prospective property owners, and in...