This's all about opening your IMAGINATIONS - your ability to see the future (of housing) - hope you will join this bandwagon rather than open your eyes and see the world around you has changed. In the meantime, know that there will always be factors that can make you lose your brick-&-mortar home, albeit, reluctantly. Among the factors are the following highlights with examples:
1. Political: It is a common experience for government to pull down buildings for other development considerations in 'overriding public interest'. Imagine you were issued a relocation notice by the Ministry of Public Works and Physical Development (whether you have legal occupation rights over the property or not - you'll be compensated, in the event of the former case). Instead of giving up your home or office for destruction, all you need to do with a smart building is disassemble it, take it somewhere else and set up. What a smart way to win in two ways (get compensation benefits and rescue your building). Switch to smart building today!
2. Environmental: Imagine there is a disaster that can threaten the structural integrity of your home; e.g., landslide, earthquake, etc. Switch to smart building today!
3. Economic factor: Imagine you suddenly have a raise in your income earnings (or vice versa), and you want it to reflect in your home, you no longer need to pull down your smart home. Being smart makes it interestingly adjustable and you may simply quickly order for more space, or even remove some for sale, to enable the modification. Switch to smart build today!
4. Social factor: Imagine you are a young man who is just starting life with your wife alone and you order our precision, factory-built smart home. Two years down the line, your family has increased from 2 to 4 and you want to expand your home space to better accommodate your children. Hey! Don't pull down any part of your house. Simply order more cubes and we'll customise the adjustment for you. Life can't be easier! Switch to smart building today!!
5. Imagine any other factor and I will give you the points.
You see, imagine the technology such that you as an individual, a developer, or government needs a speedy construction of homes, offices or other commercial buildings and gets it in more than 3 times less construction time, and at less than half the cost, yet ending up with the strongest quality buildings anywhere in the world (meeting the US and other international housing construction standards)...Switch to smart building today!! CLICK HERE We manufacture and distribute Smart Homes all over the globe. Our buildings are framed with 7-gauge steel and insulated with quality panel materials. Start building your dream home the smart way.
Nigeria sales launch in July, 2018. www.thorpedevelopmenteast.com
No place like home is a popular parlance within migration circles. No matter how long one has travelled away from his native country, this statement advises s/he has to keep a level of treasure back home to tie the mind there. The wisdom in this advice proves to be valid for all time, and ubiquitous, too, because the government of one's country of sojourn can make a law at any time that may be unfavourable to migrants (of course, it is understandable any government might consider the welfare of only her own native people when faced with a serious challenge that warrants it).
An example was the recent UK law Read Details on UK Government Website HERE
The UK Government recently introduced a new law that requires foreigners who own properties in the country to explain the source of their funds or risk forfeiting them to the government. According to the new law, Unexplained Wealth Orders (UWOs) could be obtained on any property or combination of properties valued at 50,000 pounds ( N25 million) or more, for which the owner is unable to explain a legal source of its funding. “All seem to be in panic over the prospect of losing their investments,” said a source within the Voluntary Assets and Income Declaration Scheme (VAIDS) Office in the Ministry of Finance, Nigeria, a source to which Nigerians home and abroad have frantically turned for help, trying to secure their investment in the Uk. It was reported that the line dedicated to attend to such cases crashed of late owing to the large volume of calls.
According to a British law firm, Mishcon de Reya, the requirements for obtaining the UWOs include that “there are reasonable grounds to suspect that the known sources of the respondents’ lawfully obtained income would have been insufficient for the purposes of enabling them to obtain the property.” There is a special focus on politically exposed persons (PEPs), but there is an implied presumption of guilt for non-politicians too. Interestingly, the orders can be obtained even if the property was purchased before the law came into effect and it does not matter where the property is located, whether or not the person resides in the UK or whether there may be other persons who hold the property. In summary, it will be relatively easy for the UK Government to secure these orders against foreigners.
This is a call on Nigerians in the diaspora not to invest all their fortune in a foreign country on the premise that they 'get value for their money' there. When the tide turns negatively, such 'values' may become useless. We all know these choice pastures only get greener with the water of foreign capital being continuously diverted into them, at the expense of their native countries'. In a nutshell, 'Do Not Put All Your Eggs in a Basket'! If you must invest in the UK, or wherever, invest back home, too. Today's example captured the UK. Tomorrow, it will be another 'choice destination'. Even if the law was targeted at corrupt and PEPs, innocent people will also be affected. Are you abroad, or do you have your people there? Personally use, or share this piece of advice with them!
Consider moderately investible real estate opportunities in the new Lagos, Ibeju-Lekki. This location is fast becoming a world-standard economic hub, and a pride of Nigeria and Africa. This is so because of the plans and massively ongoing development projects undertaken by the Lagos State government, some state governments and other private concerns in that axis. Several registered realty companies have legitimately acquired large parcels of land for development purposes. Land or housing units you purchase at affordable prices from us today will sell much profitably higher in the future. You can also buy massive lands for your future businesses now. Join the wise (Nigerian) investors from all around the world who are sending their money back home and keying into this opportunity.
Invest with us. Our estates are in serene, easily accessible, government-protected, and safe environments free of all known encumbrances. They have good, verifiable titles and are still affordable now, ranging from N750k to N10m. We have our partner-subsidiary office in Dallas for those in the USA. Our Nigerian branches and estate schemes are located in Abuja, Lagos, Ibadan, the East, and other parts of Nigeria. More enquiries? Call KORP Properties on 08183567878 or CONTACT US HERE
Valentine is here again! And permit me to add 'Happy New Year!' Haha... The year has moved on already and wise-minded people are already achieving their goals.
The best way to feel fulfilled in 2018 is to begin to achieve your goals early enough. One of your goals is financial security. Am I right? Now that the year is relatively young, one thing you can do for a combined effect of meeting your goal and making your Val truly happy is the presentation of a rare gift that secures the future. Now, let me show you an acceptable way.
It is no longer news how heavily people spend around February 14 just to make their Vals happy. Imagine buying a Land Cruiser jeep, or a N600k iPhone series device for your Val (same as price of a full plot of land in Ibeju-Lekki)? Wow! Let 2018 be different! You don't have to spend on expensive liabilities that can easily be spoiled, stolen or lost just for a momentary delight. Budget on an asset such that in years to come, s/he will remember you for the remarkable gift and be truly happy.
Now, what gift am I talking about? Real estate! Yes. Invest in any our affordable, secure and choice estates in the unique location of Ibeju-Lekki, Lagos; the best place to key into in Nigeria today. Our prices range from N700k to as high as N20m. Expected rate of appreciation is high because of massive development efforts by the Lagos State Government going on there in the Free Trade Zone, Dangote refinery, new Lekki deep sea and air ports, etc.
Do you know how to truly make it a special gift? Get all necessary documents processed in her/his name, have it delivered on the special occasion and trust me; it shall never be forgotten! Are you abroad? No problem. We have our US office in Dallas, Texas. You can check in for enquiries... What other way can you communicate your love to your Val than through this gift that shows you are thinking in line of securing the future of your relationship together?
This concept, just as a myriad other ingenious ones, is a thought of KORP Properties. We can help you through the whole process from closing the deal to making that wonderful and unforgettable surprise delivery to your Val. You can thank us later.
Sow now! Reap later!! This is a quintessence of life.
The festive period is fast approaching! Temptations to buy everything you see are on the increase. But I'll advise that you need to buy an asset now by investing in any of our estates (Lagos, Ogun, the East and Abuja) - especially now that we have Xmas promos around. Yes. Instead of buying every 5 & 6, and counting your losses after the festive period, sow now and watch your investment growing into the new year.
If you want one very sound advice from a sage and mentor why you need to invest now WATCH THIS VIDEO
Do not delay anymore. There are many reasons you must have heard why Ibeju-Lekki is a prime, global-scale investment destination, and we have several affordable options that can accommodate all income classes. Call me on 08183567878 and let's help you get started.
Remember, whether you are considering a long- or short-term investment, it is only the one who sows that shall harvest. Time to sow is now because time to reap shall surely come!
WELCOME TO KORP Properties Company, a rapidly growing startup poised to solving your real estate needs of any magnitude (individual, corporate or multinational). Whatever it is, our full service real estate outlook has a very wide and robust partnership network of experienced professionals in place to proffer diverse solutions.
Consider the real estate elements we deal in below:
• Residential And Commercial Buying and Selling
• Luxury Properties
• Property Flipping
• Short Sales/Let
• Buying and Selling of Investment Property
• Land Survey Sponsorships And Related Opportunities
• Property Development (Construction) And Management
Our goal is to provide our clients with complete service, from searching to taking full possession or disposal of your property. Whether you are looking for your first house, an investment property, another element in the list above, or anything in-between, we have the informational wherewithal to guide you through the real estate process.
So, do you need anything real estate? Does your family, friend, colleague, boss, anyone you know or company needs any property? Yes? Talk to us! You need not worry as your trust will not be betrayed. We are ready to render a satisfactory service that you'll be happy about, whether as middlemen or direct mandates. If we don't serve you, who will? So, we look forward to working with you. Call 08183567878 or 08055726413. CHECK SAMPLE HERE
Paul Adefarasin on the Value of Real Estate Investment
Some of us have mentors for one area of life or another, e.g. one for relationship, one for business, one for spirituality, etc. History has shown it is a step in the right direction. In case you do not have one that can give you invaluable advice regarding growing, conservation and retention of wealth, here, below, is a good piece from a sage, the head of the House on the Rock Church, Lekki, Lagos. Follow his advice in between the lines and watch his YouTube video clip. But make sure to make use of the advice so as to benefit from it:
One of the best places to buy land in the whole world, in fact the best place to buy land in the whole world, in terms of value is right here in Lagos, Nigeria!
The most expensive land in the world is right here in Ikoyi and Banana Island... That’s not conjecture, that’s fact, economic fact. Lagos is growing by 6000 people daily, that is nearly 2 million people every year. It means Land is becoming scarce, that is, if you buy land today, tomorrow your land will be worth very much money. You may not be able to afford Banana Island or Ikoyi right now, but please go to Ejigbo, Ireakari, Egbeda, Sanusi, Shangisha. Go and buy land somewhere quickly because God transfers wealth by giving you land. After a period of time after you have bought the land, He increases the value of the land, because you being on that land adds value to it; as a result, more people want to come.
Anytime there is a major wealth transfer in the Bible, God gives the people He is transferring wealth to, land. You have nothing in terrestrial terms unless you have land.
My father bought land for something like £2000, nearly 50 years ago on Victoria Island. It was Federal Government or Lagos State Government allocation on Akin Adesola. From the revenue he generated from building the house for free, because G-Cappa built it for him for free and collected the rent for 5-10 years and that was the payment for the house. That house or the two houses he built there paid my education and my brother’s education in the finest schools in the world… After it paid for my education and generated revenue, my family decided they were going to liquidate the property and they liquidated it and the value that came to me in my equity was phenomenal, from £2000, 50 years ago. It provided for me nearly the value of a million dollars!
You do not know what land you buy today for peanuts that will be millions tomorrow for your children to inherit. With the city that is exploding so massively as far as population is concerned, today we are buying land and will continue (if you want to be part of the wise investors) until there is hardly any land to buy. Tomorrow we’ll be buying floors like they do in New York. What land costs today, floors will cost tomorrow and there will be 100 floors, 50 floors, and 20 floors and if you own the land underneath those floors, you are multiplying wealth for your children. They will be kissing your photograph whilst you’ve been in the grave for 5 generations saying: “Oh we bless God for great, great, great, great grandpa” while your bones are rotten in Ikoyi Cemetery and your spirit is dancing on streets of Gold.
When you get land, it means God is securing your future, because real estate does not just secure today; it secures tomorrow. My father bought land for nothing and it was not of much value then, but 50years later it’s worth billions. What you buy for millions today will be worth billions half a century from now, may be even less with the kind of population explosion that we have. Victoria Island: nobody wanted to buy land there, it was marsh, re-claimed land, but 50years later that property with buildings on it is worth a billion.
We bought land for ₦25 million, 10 years ago; House on the Rock bought just under 10 acres of property on the Lekki Peninsula for our worship site. Today, without the brick and mortar on it, that land by the valuers is valued at ₦3 billion. In other words, we’ve created an asset base with 10 years differential of ₦3 billion with just ₦25 million. When you put the building on it and is finished and furnished, they told me the value will be at least 10 billion naira today! What about 50 years from now?
Finally, he advises: GO AND BUY LAND AND GO AND BUY IT QUICKLY because without land, you're not really a power base!
I will remind you of a popular saying: "A word is enough for the wise"... Let alone a sermon. At KÓRP Properties, we have a diverse, genuine property options at different price ranges and they are in highly profitable locations for your investment consideration (See example in picture below). Call us today on 08183567878 and we will be glad to do business with you.
THE MOST IMPORTANT QUESTION FIRST TIME LAND INVESTORS NEED BE ASKING
Many people, especially those who are about to make their first land transaction get confused when it comes to asking the right questions. In some cases, intending investors ask questions like, “Where is the place?”, “Is it far?” and lots of other questions. I’ve even had an encounter with someone who asked for the longitude and latitude of the land.
While these questions are not out of place and arise as a result of people trying to be careful so that they don’t make a financial commitment they would later regret, I think it will be better if they know the right questions to ask and *we know the right answers to the questions*
That brings us to the first question anyone intending to buy land should ask which is *“what is the status of the land?”*
See, before you buy land in Nigeria, it is very important that you know the status of the land!
Knowing the status of the land you are about to buy can save you a lot of money and unnecessary hassles.
Imagine buying a piece of land and erecting a building on it, just for the government to come some years after, and tell you to move out, with claims that your building is illegal because it is sitting on government property.
All these can be prevented if you know the status of the land you are investing in before sealing the transaction.
This brings us to *Land Classification*
Land can be classified as either *free or acquired*. A parcel of land is considered free if the government has not indicated any interest whatsoever in that land.
Such land is safe to buy because the title on the land can be perfected without issues.
In most cases, such lands will either have a gazette, a C of O or a governor’s consent.
Now that you understand what it means for land to be free, you should also know that all lands that fall within areas that are designated as urban areas are under government acquisition until deemed committed or free.
There are two types of acquisition;
*1. committed acquisition* and
*2.general acquisition*
*Committed acquisition*
A parcel of land is said to be under committed acquisition when the government has indicated an intention to use that land for a specific purpose such as provision of amenities. Such lands belong to the government and can never be available for use by individuals.
If you purchase land that is under committed acquisition, it will be impossible for you to perfect your land title and you’ll only be occupying the land until the government comes to kick you out.
*General acquisition*
Lands that are under “general acquisition or “global acquisition can later be confirmed ‘free’ or ‘committed’.
A land under general acquisition can become free by a process called *excision*.
“Excision is a process whereby the government releases a portion of an expanse of land that is not committed"
If a parcel of land that was formerly under acquisition becomes excised, it is then considered free and becomes gazetted. The gazette then becomes the title on the land and such land is safe to buy because a proper title can be processed on the land.
A second case where lands under general acquisition can be released is if an individual purchased a land that was under acquisition without going through an excision process. Such lands can go through another process called “ratification” or “regularization” in which the land owner pays for the land to be ratified or regularized.
The only condition in this case is that the land in question must not fall within a committed area and that the purpose for which the land was bought does not disrupt the original plan of the state. Conditions for ratification may differ from state to state.
I hope by now you understand the most important question that clients/customers/consultant can ask us and the best answers to such questions when buying land in "Nigeria".
-Credits: Mr Bamidele Onalaja (RevolutionPlus Property Development Company Limited)
For your land investment options anywhere in the country, contact us at KÓRP Properties. Call 08183567878 (We have your interests at heart). CLICK HERE for one of our latest listings!!!
