{"id":5668,"date":"2017-08-07T00:00:00","date_gmt":"2017-08-07T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/the-demand-for-land-widens\/"},"modified":"2017-08-07T00:00:00","modified_gmt":"2017-08-07T00:00:00","slug":"the-demand-for-land-widens","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/the-demand-for-land-widens\/","title":{"rendered":"The Demand for Land Widens"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"44.726403823178\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"40.162485065711\"><!--paging_filter--><\/p>\n<p>A dearth of suitable land for residential development is posing a big challenge for the <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> market. The 2017 REALTORS\u00ae Land Institute survey shows that the overall number of land transactions over the past year for residential use is up, clocking in at 25 percent of the total.<img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_aug\/DN_RLI_new-home.jpg\" style=\"width: 400px; height: 258px; float: right;\"\/><\/p>\n<p>Prices are rising, too. The survey shows a 5 percent increase in total dollar volume of closed residential land transactions compared to the previous year.<\/p>\n<p>\u201cLand prices [in the Northeast] are escalating higher and higher almost to the point of spiraling out of control,\u201d notes Michael Durkin in a recent RLI article. The Northeast has been leading in residential land sales, along with the Northwest and Southeast, according to RLI&#8217;s survey.\u00a0<\/p>\n<p>\u201cOne challenge will be finding enough affordable land on the outskirts of populated areas,\u201d says Jessa Friedrich, marketing manager for RLI, who recently blogged about the upswing in residential land transactions for RLI. \u201cOn the other hand, all of this is great news for current landowners and land real estate investors looking to sell, as well as those who serve them in those markets.\u201d\u00a0<\/p>\n<blockquote readability=\"1.0185185185185\">\n<p>Read more: Best Year for New Construction in a Decade?<\/p>\n<\/blockquote>\n<p>The majority of survey respondents foresee prices continuing to rise. RLI members are predicting at least a 2 percent increase in residential land sales to continue through September 2017.<\/p>\n<p>RLI expects this trend won&#8217;t wane in the coming year, either. \u201cThe lack of <a href=\"https:\/\/amazingproperty.com.ng\/blog\/sell-your-home-online-fast\/\">housing<\/a> inventory across the country and the demand for residential land for new-home construction will continue to drive up land prices through 2018,\u201d Friedrich says.\u00a0<\/p>\n<p><em>\u2014Melissa Dittmann Tracey, REALTOR\u00ae Magazine<\/em><\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/VEIt55GBiHE\/demand-for-land-widens\"> Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A dearth of suitable land for residential development is posing a big challenge for the real &hellip; <a title=\"The Demand for Land Widens\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/the-demand-for-land-widens\/\"><span class=\"screen-reader-text\">The Demand for Land Widens<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5669,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[2890,1399,12908,543,344,1004,1007,41,818,84,2878,479,15282,15309],"class_list":["post-5668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-construction","tag-development","tag-home","tag-home-buying-guide","tag-housing","tag-marketing","tag-owners","tag-property","tag-real","tag-real-estate","tag-real-estate-market","tag-realtor","tag-ross","tag-ups"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/DN_RLI_new-home.jpg?fit=400%2C258&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7962,"url":"https:\/\/amazingproperty.com.ng\/blog\/will-land-prices-keep-booming-in-2018\/","url_meta":{"origin":5668,"position":0},"title":"Will Land Prices Keep Booming in 2018?","author":"Amazing Property","date":"January 30, 2018","format":false,"excerpt":"Higher prices are behind the land boom. The U.S. dollar volume of land sales increased at a stronger pace of 4 percent from October 2016 to September 2017 compared to the prior 12-month period, according to the 2017 Land Market Survey, produced by the REALTORS\u00ae Land Institute and the National\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nar Land Study.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/NAR_land_study.jpg?fit=634%2C371&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/NAR_land_study.jpg?fit=634%2C371&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/NAR_land_study.jpg?fit=634%2C371&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10826,"url":"https:\/\/amazingproperty.com.ng\/blog\/these-are-not-undeveloped-land-for-sale-but-best-place-to-buy-land-in-lagos\/","url_meta":{"origin":5668,"position":1},"title":"These are not Undeveloped Land For Sale but best place to buy land in Lagos","author":"Amazing Property","date":"November 24, 2022","format":false,"excerpt":"Are you looking for real estate investment opportunity in Lagos , Nigeria ? These are not Undeveloped Land For Sale but best place to buy land in Lagos for highest ROI. Buy and build , Buy to sell. (FAST & HIGHLY DEVELOPING) \u00a0This is not Undeveloped Land For Sale this\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/investment\/"},"img":{"alt_text":"to sell a land","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/10\/not-Undeveloped-Land-For-Sale-fast.jpg?fit=1024%2C614&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/10\/not-Undeveloped-Land-For-Sale-fast.jpg?fit=1024%2C614&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/10\/not-Undeveloped-Land-For-Sale-fast.jpg?fit=1024%2C614&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/10\/not-Undeveloped-Land-For-Sale-fast.jpg?fit=1024%2C614&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6466,"url":"https:\/\/amazingproperty.com.ng\/blog\/nigerias-real-estate-records-sales-increase-in-first-half-deals\/","url_meta":{"origin":5668,"position":2},"title":"Nigeria\u2019s real estate records sales increase in first half deals","author":"Amazing Property","date":"October 2, 2017","format":false,"excerpt":"housing estate in Lagos Amid pockets of social instability in different parts of the country, land prices have continued to rise\u00a0in most regions while prices of office spaces and houses were affected negatively in the real estate market within the\u00a0first half of\u00a0this year. According to a report released by Northcourt\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5378,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreign-u-s-home-sales-shatter-records\/","url_meta":{"origin":5668,"position":3},"title":"Foreign U.S. Home Sales Shatter Records","author":"Amazing Property","date":"July 19, 2017","format":false,"excerpt":"Foreign investment in U.S. real estate has surged to a new high, with property expenditures skyrocketing 49 percent over the past year, according to the National Association of REALTORS\u00ae\u2019 2017 Profile of International Activity in U.S. Residential Real Estate. Nearly half of all foreign sales were in three states: Florida,\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NAR_International.jpg?fit=540%2C665&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NAR_International.jpg?fit=540%2C665&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NAR_International.jpg?fit=540%2C665&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1676,"url":"https:\/\/amazingproperty.com.ng\/blog\/why-fg-must-focus-attention-on-real-estate-by-valuers\/","url_meta":{"origin":5668,"position":4},"title":"Why FG must focus attention on real estate, by valuers","author":"Amazing Property","date":"March 6, 2017","format":false,"excerpt":"National publicity secretary, Nigerian Institution of Estate Surveyors and Valuers (NIESV), Charles Ebia (left); President, Bolarinde Patunola-Ajayi, Deputy President, Emma Wike; and one of the newly inductees, Utchay Okoroji , during NIESV fellows induction in Lagos Optimistic of the potentials of the Nigerian real estate to engender greater economic growth,\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/NIESV-06-03-2017.jpg?fit=1200%2C703&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/NIESV-06-03-2017.jpg?fit=1200%2C703&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/NIESV-06-03-2017.jpg?fit=1200%2C703&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/NIESV-06-03-2017.jpg?fit=1200%2C703&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/NIESV-06-03-2017.jpg?fit=1200%2C703&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8996,"url":"https:\/\/amazingproperty.com.ng\/blog\/land-documents-in-nigeria-5-very-important-documents-to-ask\/","url_meta":{"origin":5668,"position":5},"title":"Land Documents in Nigeria 5 Very Important Documents to Ask","author":"Amazing Property","date":"December 30, 2018","format":"aside","excerpt":"Land documents in nigeria. See the Important documents while buying land in Nigeria . These are important documents while buying land in nigeria 1. Land Purchase Receipt: We all go out and buy different stuffs at the store and demand for receipts. It is not too different with the purchase\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"important land documents in nigeria","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/04\/f88cd47f755e9ee9693409c254900fe7_S.jpg?fit=424%2C281&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=5668"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/5669"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=5668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=5668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=5668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}