Lagos moves to protect investors in real estate

Plans are underway by the Lagos State government to protect the interest of real estate investors and the general public through sanitisation and regulation of the real estate market, Kehinde Abayomi, director of estate in the state ministry of housing, has said.

Abayomi, who represented Bosun Jeje, the state commissioner for housing, at the opening ceremony of the ninth edition of the Luxury Living Africa Property Exhibition, said the move was necessary to help curb the excesses of dubious real estate agents who defraud investors in the sector.

“Real estate agents will have to register with the state before they can be licensed as the sanitisation process will also involve screening and training of accredited estate agents within the metropolis,” he said.

Organised by Campaign Hype, the exhibition created a platform for trade promotions, exploring of investment opportunities, networking and market development for all stakeholders in the real estate sector.

The expo also afforded property developers

A perimeter fenced five-bedroom detached house with all rooms ensuite. It also has two rooms service quarters with P.O.P. ceilings, water treatment plant, ample parking space and a fitted kitchen. facilities available include

MastaHomes Garden Phase 2, a 278-acre estate situated in Agbara along the Lagos-Badagry Expressway, is offering both investment and investment opportunities to mid-income earners. The estate promises terrace and detached houses, recreational centres, shopping malls, resort and leisure as well as a commercial and an industrial layout.