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Tag: Nigerian Institution of Estate Surveyors and Valuers

New Land Survey Fees Begin In Lagos, Threaten Home Ownership
News

New Land Survey Fees Begin In Lagos, Threaten Home Ownership

Hopes of cheaper construction cost and land ownership for prospective property developers may still be a pipe dream going by fresh increase in land survey fees in Lagos area by the Nigerian Institution of Surveyors (NIS). The increase by Lagos chapter of the institution, which may act as a test bed for professional scale of fees in the built environment sector has ruffled feathers in the housing industry. Other professional bodies are watching how events will unfold, while experts and private developers foresee increase in lands and housing cost. The chapter had raised the land survey plan fees by over 300 per cent, starting from April 1. The fees cut across different zones of the state. For instance, Ikorodu, Epe, Badagry Ojo and Ajeromi Ifelodun local government that is currently N...
Nigeria Ranks 19th Among 30 Nations In Retail Investment
News

Nigeria Ranks 19th Among 30 Nations In Retail Investment

Despite the economic recession, the Global Retail Development Index says Nigeria’s retail sector made a national sale of N38tn ($125bn) in 2016. The country also ranked 19th out of the 30 top developing countries for retail investment, based on all relevant macroeconomic and retail-specific variable. According to the report, Nigeria’s retail development is supported by a middle class that has grown by 600 per cent in the last few years and now includes 4.1 million households, or 11 per cent of the country’s total population. It added that retail in developing countries had seen excellent growth, and while the developing world population had grown by 21 per cent to 6.2 billion, retail sales in those markets had increased more than 350 per cent and represented more than a half of th...

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