Krent Updates

Estate Agents and Agency Fees in Nigeria

A real estate agent is a professional who helps connect sellers and buyers. In Nigeria’s fast-changing real estate market, estate agents connect property owners with potential buyers or tenants, making sure transactions go smoothly and follow the law. However, understanding agency fees and how estate agents get paid can be confusing. This post will explain […]

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GRA: Government Residential Areas in Nigeria – Explained

Government Residential Areas, commonly known as GRAs, are exclusive residential zones in Nigeria originally designed for colonial administrators. Post-independence, these areas were occupied by high-ranking Nigerian officials, and today, they are synonymous with affluence and a high standard of living. Ikeja GRA [Google] Characteristics of GRAs Affluence and Prestige GRAs are synonymous with luxury and

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Top 10 Real Estate Companies in Lagos, Nigeria 2024

Ever wondered why the real estate sector is so vital to a nation’s economy? In Lagos State, the importance of real estate cannot be overstated. This sector is instrumental in attracting investment and driving the economy toward steady growth and development.  Lagos is home to numerous real estate companies that play a key role in

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10 Best Places to Live In Abuja, Nigeria

Abuja, the capital city of Nigeria, is centrally located within the Federal Capital Territory (FCT). Known as one of Africa’s wealthiest urban areas, it is home to some of the continent’s most affluent individuals. Abuja [Google] The presence of numerous governmental institutions, businesses, and foreign embassies has driven substantial growth and investment in Abuja, making

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80% of the buildings in Lekki are unauthorized, says Lagos State Government

Dr. Oluyinka Olumide, Lagos State Commissioner for Physical Planning and Urban Development, revealed in a recent interview that a whopping 80 percent of buildings in Ibeju Lekki lack official approval.  He explained that during a recent inspection in the area, it was evident that most estates were unapproved. Olumide outlined the procedure for obtaining approval,

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