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Affordable Housing in Nigeria: The way forward

Affordable Housing in Nigeria: The way forward

Housing is affordable when it consumes no more than 30% of a household’s income. Affordable housing refers to housing units that are affordable by that section of society whose income is below the middle-class household income. Though different countries have different definitions of affordable housing, they all mean the same. It should address the housing...

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Facility Management

Facility Management

Facility management or facilities management (FM) is a professional management of real estate, efficient and effective delivery of its logistics and other support services related to property promoting the functionality, comfort, safety, and efficiency of the built environment by integrating people, place, process, and technology, as defined by the International Organization for Standardization (ISO). Facility...

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NIESV 51st conference

NIESV 51st conference

Pictures from the recently concluded Nigerian Institution of Estate Surveyors and Valuers(NIESV) 51st conference, held June 21st-22nd, 2021 at ICC, Abuja. It was a successful and well-planned professional conference. From the left, Principal Partner, Gbenga Ismail with PP Diya Fatimilehin and Co at the recently held 51st Conference of the Nigerian Institution of Estate Surveyors...

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What to know about real estate valuation

What to know about real estate valuation

When a client requests a Valuation, I often wonder if they understand what they request or why they request it. Most times they do this because they require it for a bank loan or the bank request it of them for the same objective, a bank loan. 80% of our clients’ brief originate for financial...

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RICS Nigeria Group 2020 Conference Summary

RICS Nigeria Group 2020 Conference Summary

The RICS Nigeria conference held on the 5th of November 2020 was a success. The topic of this year’s conference was, “Technology Infusion in Real Estate.” According to the Chairman of RICS Nigeria Group and also the Principal Partner of Ismail and Partners, Gbenga Ismail (FRIC), last year’s topic was on, “Unraveling the Real Estate...

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How Technology is adopted in Real Estate in 2020

How Technology is adopted in Real Estate in 2020

At the advent of the COVID-19 pandemic, the traditional ways of visiting properties for inspection before buying has drastically reduced. Realtors have to device other ways to show their clients their properties of interest. Hence, the technology, VR (Virtual Reality). Virtual Reality is a technology that is increasingly adopted by Real Estate companies. VR is...

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VAT on Property

VAT on Property

From the desk of Gbenga Ismail, Principal Partner Ismail and Partners. Recent news from the FIRS Tax appeal Tribunal is quite refreshing. The recent outcome from the appeal case between Essay Holdings Ltd and FIRS is a welcome landmark decision for the industry. The issue of VAT on Property has been ambiguous and exploitative to...

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