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Article: Buying fever hits Lagos as state unbundles housing: the property market in Nigeria's commercial capital, Lagos, has been buzzing since more than 1,000 housing units in the fashionable Ikoyi area were released by the state for sale to the public. Ola Sheyin has the story.(Nigeria)
- Article from:
- African Business
- Article date:
- February 1, 2005
- Author:
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The Nigerian government is continuing with the downsizing of its landed-property portfolio in its erstwhile capital city of Lagos.
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In a recent announcement, a list of 1,105 housing units for sale in the sought-after residential area of Ikoyi, was released. This is the second phase of an ongoing process that involves almost 6,000 addresses deemed surplus to requirements.
Though the procedures and guidelines for bidding were still sketchy at the time of going to press, they are expected to be nearly the same as those obtained in the first phase of public selling.
Under the first phase, Nigerians and foreigners alike who ...