LASG TITLE REGULARISATION & PROPERTY MARKET PERFORMANCE

Ever considered the role of Lagos State Title Regularization in the outperformance of the property market and gender equality?

According to 2021 and 2022 early year real estate market reports, land prices per square meter in the Lekki-Epe corridor, Ikorodu, Badagry, and other Lagos suburbs) increased by 25%+ q-o-q, resulting in increased investment and occupier activity, as well as a rapid transition to residential, industrial, and retail uses

The title regularisation approval of interests and titles previously classified as agricultural land and non-committed acquisition (amongst other factors), bolsters demand and positive growth in price per square metre; and has opened up a low-cost and ambitious interventions in:

1. Increasing access and demand for land.

2. Increasing access to credit and reducing the amount of dead capital in the real estate market.

3. Resolving land conflicts and boundary issues.

4. Providing leverage for gender equality, empowerment and resolving inheritance rights.

5. Resolving land disputes and title issues amongst families and clans.

6. Providing framework for accessing quality return on investment, alternative uses and appreciable gains.

To gain more insights on the market and associated impacts of LTR on real estate investment and occupiers activity, contact us at +2348068774629 and aabraham@akaa-ng.com

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