Posts

REAL ESTATE AGENCY - MARKETTING, ITS CHALLENGES AND WAY FORWARD

                                            An article written by Nwabuisi Dennis Firstly, I would like to further elaborate on the need for real estate practitioners to be able to confront quacks in the field of estate management. This is because these quacks have further deteriorated the practice and made clients and property owners and investors have doubts in the profession. This is not supposed to be so especially at times like this. The real estate agency is one major and vital aspect of estate management practice that deserves some level of decorum and adequate attention be given to it so as to ensure that real estate practice in Nigeria maintains its course, goals, vision, mission and objectives with regards to the real estate market. Real estate profession as practiced by professionals in other parts of the world do have this at the back of their mind that for professional and best practice, an estate surveyor and valuer must be one that is unbiased, reliable and who is

PLANT & MACHINERY - Defined In Simple Terms

                                             Written by Nwabuisi Dennis Over the years the concept of plant and machinery valuation in Nigeria was a thing that wasn't actually been looked into by people especially companies and entities as well as government organizatioons when carrying out valuation of asset of the company or organization. In mots cases when these valuations where carried out, there seem to be some lapses in terms of the factors consider in arriving at the values of the plants. This Post would first of all be reviewing the meaning of Plant and Machinery as it is defined by the International Valuation Standard Council (IVSC). Plant can be defined as Assets that are inextricably combined with others and that may include specialized structures, machinery and equipment. Machines on the other hand can be defined as An apparatus used for a specific process in connection with the operation of an entity. Note: Equipment as mentioned in the definition of plant

INTRODUCING PROPERTY TAXATION AND RATING AMONGST TERTIARY INSITUTIONS IN NIGERIA

Learning the fundamentals of property rating and taxation in Nigeria An article written and compiled by Nwabuisi Dennis for the department of estate management Introduction: Over the years there has been an ever increasing need for the government to be able to foot public spending, provide social amenities for the people and also to improve on the standard of living f the people. This gave rise to so many questions as at how this goals and objectives can be achieved. Questions like ‘How can the money be sorted for, where is the money, how can these money be collected and how are they going to be used, who are to collect this money, how well will it be on the public that is paying this money’’. These are questions been asked by people that gave rise to the introduction of tax amongst countries of the world. This article will help highlight the meaning and importance of taxation and rating in countries especially the third world countries and the developing countries of th

INSECURITY IN NIGERIA AND ITS EFFECTS ON THE DEVELOPMENT OF THE REAL ESTATE SECTOR - Chapter 1

A Research Conducted by Nwabuisi Dennis CHAPTER ONE INTRODUCTION 1. BACKGROUND TO THE STUDY             Over the years, there have been questions raised about the effects of security with regards to the real estate sector in respect to property values and development as it relates to the general growth and development of the real estate sector. Notwithstanding the persistent rise in the insecurity level in Nigeria today, the quest for shelter (real estate) can be dated from Adam. Shelter as used in this context implies housing and the real estate sector as it is one of the crucial needs of man in conjunction to food and clothing. This is the more reason why the security of man’s habitat/neighborhood is of great importance because as the saying goes “Life has no duplicate”, this connotes the fact that the security of real estate sector has an important role to play in the development if the real estate sector and in turn to the overall growth and development of the econom